For the first time since the property was built in 2017, this modern freehold storage unit complex MUST BE SOLD. These assets are seldom available to purchase because, they offer such good rental returns and are always a favoured asset class by astute investors. This modern, low risk and low maintenance investment has a rental that is not fully maximised which, the new owners can take advantage of.
The complex is two buildings with 55 separate units, ranging in 5 differing sizes that cater to a wide market. This difference in size is what helps the complex remain at a very high occupancy level, currently 95%. There’s unrealised rental return with the current owners using two of the units at a combined annual rental of $15,600 + GST that isn’t reflected in the net rental.
The complex is fully secure with sliding steel automated gates and swipe card access for customers between 5am-11pm. The site has multiple security cameras and the owners can see who is coming remotely on their phone and every unit has its own alarm. The concrete driveway was designed to take 3 cars wide which, enables customers to have the crucial “drive up and park access” to their unit/s.
Call the sole agent for more information regarding this high cashflow investment.
For sale by Auction: 10am, Thursday 3 April 2025 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
* Gross income $213,259.80 - Net income $144,385.55
* 2,100 sq m freehold parcel of land
* Unit prices very competitive against competitors
* Rental upside with $15,600 unrealised
* Split risk investment with 55 units
* Designed for drive up access to each unit
* Floor area approx. 986.8 sq m (more or less)
* Premium Iport profile location
* Fully secure site with automated sliding steel gates & multiple security cameras
* Low maintenance complex with concrete driveways and built in 2017
