Self-Storage inc: freehold and owners dwelling, vendor finance up to 50%

Pimpama QLD
Asking Price $3,250,000 WIWO, Freehold
About

Self-Storage inc: freehold and owners dwelling, vendor finance up to $1M

Perfectly situated in the fastest, growing regions of the Gold Coast, it is consistently over 95% occupied and provided the owners with an income of $256k in the last financial year.

Asking price is based on $650k for the business and $2.6m for the 2340sqm of land.

Currently 100% occupied with a waiting list there is space to add a further 17 containers that will generate a further $77k of profit. Which would boost the average annual profit to approximately $330k.

The owner is open to potential part vendor finance solutions utilising the substantial assets the business owns and/or the assets of a buyer.

These businesses are sought after - straightforward, easy and require little time to manage they target a market that is expanding each year, driven by the Gold Coasts ongoing residential and commercial population growth - with any investment made underpinned by considerable, tangible assets.

Recent improvements have allowed the owners to be even more “hands off,” able now to monitor the business remotely. Still enjoying the easy, stress free lifestyle the business offers and proud of what they have achieved they are reluctant to move out but they feel now is the time to retire.

This business would be of particular interest to investors who want to “Park” their money, while enjoying good cash flow, can be confident that their investment/capital will grow significantly as land values in this specific region continue to increase, as they have done year on for almost the past 10 years. The commercial land is offered at $1,100 per sqm all indications are the average in this region is around $2,300 per sqm. The availability of a very comfortable 3 bedroom, 2 bathroom home which is ideal if a remote owner wanted to have the business overseen by a live-in caretaker.

This business has been generating a recurring income for over 18 years. Key Points:

The freehold is located 2 minutes from the M1 exit and is approximately 2,350 per sqm includes onsite a 3 bedroom, 2 bathroom with separate parking for 3 cars and extensive outside living space.

The storage consists of a well thought out mix of options from full size containers through to 1.5m x 1.5m sheds, ensuring every need is catered for.

State of the art security and access system allowing the owner to work remotely

Accounts are paid in advance – this monthly recurring income provides outstanding cash flow.

Although little training would be needed the vendor is highly flexible in terms of what the handover would look like and is prepared to offer the training/on-going support necessary to ensure a successful transition to the new owner

$3,250,000 WIWO

Eamonn Bicknell xxxxx

Importing, Distribution, Manufacturing and Service Business Specialist

 

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