Knight Frank has the exclusive privilege to offer for sale an exceptional freehold storage unit facility to investors and owner operators.
Launceston Self Storage comprises 46 storage units with a 75% occupancy rate, leased for short-term storage. There is an undeveloped first floor area of approximately 200 sqm* which is primed for further development. The property currently achieves a gross annual income of $161,518* (FY2022/2023).
The site has front security gates with 24 hour keycard access and 24 hour monitored security systems. The individual storage units are purpose built, constructed of concrete tilt paneling and fully insulated offering added protection from weather and condensation.
This property should be strongly considered by savvy investors, looking to secure a sought after, income producing asset with future development potential (STCA), potential to strata title and low operator input requirements.
