Map pin230 Bristol Avenue, Blackpool, FY2 0JF, UK

SAS Self Storage Blackpool

SAS Self Storage Blackpool_Property for Sale

Attributes

Tenure
Freehold
Investment strategy
Value Add
Occupancy
84%
Rent PSF
HK$220.59

Asset Description

A fantastic opportunity to acquire a stabilised, high-performing asset with significant reversionary potential. This unique investment includes both a thriving self storage business and the freehold of the entire site, offering substantial upside through expansion and optimisation.


Expansion Potential


With a Maximum Lettable Area (MLA) of 43,880 sq ft, there is a significant opportunity to expand the self storage business beyond its Current Lettable Area (CLA) of 13,655 sq ft:

  • 16,500 sq ft from fitting out the adjacent 22,000 sq ft wholesale building
  • 10,125 sq ft from mezzanine floor extension in the adjacent building
  • 3,600 sq ft of new drive up units


JLL forecasts that upon completion of these expansion projects, stabilised revenue could exceed £950,000, presenting an exceptional opportunity to capitalise on the site's full potential.

...

Investment Highlights

Current Lettable Area (CLA): 13,655 sq ft

Maximum Lettable Area (MLA): 43,880 sq ft

Occupancy: 84%

Achieved Rent per sq ft: £21.90

Annual Turnover: £250,000

Adjusted Net Profit: £196,000

SAS Self Storage Blackpool 4_Property for Sale
SAS Self Storage Blackpool 4_Property for Sale
SAS Self Storage Blackpool (0 Properties)

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Last updated
25 Feb 2025