Let’s Store has 22 units and sits on approximately 700 sqm of Industrial 1 zoned land right in the centre of the Seaford industrial precinct.

The block is on a corner and has 2 street access for easy customer access.

The owners live interstate and use a local real estate agent to manage the facility. The agent has done a reasonable job of maintaining the business (occupancy has been steadily 80%) but there is no marketing or promotion and no rent increases since 2016…..

Income has been around $27,000 pa but we believe a local owner would easily increase the income by nudging up the rents a few percent and increasing occupancy with a little promotion.

Fully let the income is around $34,000 PA at the current rental rates.

And 16 of the units are stata titled, which means they can be sold separately to property investors. Small property investments (e.g. car parking spaces) have become very popular with Self Managed Super Funds looking for a low cost way to buy real estate and we think the sale of storage units would be very attractive.

This is a fantastic, low risk real estate and business investment with plenty of up side for the long term investor or the entrepreneur looking for a capital gain.

Call Wayne Marlow 0412 411 3...