Map pinStation Street, Darlaston, West Midlands, WS10 8BW, UK

Self Storage Opportunity - Walsall

Self Storage Opportunity - Walsall_Property for Sale

Attributes

Asking price
€929,000
Building area net
2,922 m²
Occupancy
72%
Number of floors
3 floors
Number of units
419 units
Parking spaces
64
Tenure
Leasehold

Asset Description

  • Good quality converted self storage facility with two mezzanines and one lift.
  • Property held on a new 35-year lease, inside LTA and 5-year tenant only breaks at a rent of £100,000 per annum.
  • A4038 a major road adjacent to site has a daily average of 15,596 passing vehicles.
  • Existing bulk space can be converted to increase self storage MLA.
  • Parking units are 100% occupied with a growing waiting list.
...

Investment Highlights

  • Total turnover in 2022 was £338,861 increase of 11% on previous year.
  • No structured price increase system with significant room to grow rents from day one.
  • Passive ownership to date with opportunity to max MLA and increase occupancy. 
  • Increase merchandise and insurance sales in line with UK benchmarks.
  • Annual marketing spend is low (ca. £1.000), therefore opportunity to increase and raise enquiries.
  • High percentage of domestic self storage customers (83%).
  • Only store in area with 24hr access.


Self Storage Opportunity - Walsall 4_Property for Sale
Self Storage Opportunity - Walsall 4_Property for Sale
Self Storage Opportunity - Walsall (0 Properties)

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Last updated
16 May 2024