Description
125-Year Leasehold Self Storage Investment in Prime Plymouth.
This exceptional opportunity is a self storage facility which, once developed, will offer approximately 32,000 sq ft of lettable area with potential for further expansion. Situated on a spacious 2.14 acre site, the property has high visibility in a bustling commercial zone alongside national retailers.
Positioned just off the A38 Devon Expressway, the facility provides excellent connectivity to Plymouth and with wider Devon and Cornwall regions. The investment benefits from an undersupplied self storage market with strong pricing dynamics.
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Investment Highlights
The South West boasts the highest self storage occupancy rates in the UK, with comparable sites achieving average rents of £22.09 per square foot. This highlights the significant potential for strong returns in a market with limited supply.
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