Station Street, Darlaston, West Midlands, WS10 8BW, UK

Self Storage Opportunity - Walsall

Asking price

€926,000

Building area net

2,922 m²

Occupancy

72%

Number of floors

3 floors

Number of units

419 units

Parking spaces

Tenure

Leasehold

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.

...

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.