Self Storage Facility + Balance Land with DA
17-19 Thompson Street Mosman Park QLD 4820
Key Property Highlights
| Asking Price | $1,800,000 |
|---|---|
| Building Area | 4000 sqm |
| Listing Status | Sold |
'Charters Towers Self Storage' occupies a prime position less than 2km from Charters Towers CBD with direct access and exposure to the Flinders Highway.
The property comprises an existing, purpose built, high quality self storage facility. Its major benefits include the high occupancy rate, the opportunity to optimise revenue through storage fee rate increases, plus the existing development approval over the balance land which allows future expansion and increased revenue.
Investment fundamentals of this asset include:
• 4,000 sqm of total site area
• NLA of approx.1,031sqm
• 89 existing self-storage units
• 88% occupancy by area
• Average monthly income $17,159 (past 12 months)
• FY 2023 gross income projection of $203,828
• Significant value upside with the additional approved 600sqm NLA
• Benefits to a ‘hands-on’ investor to reduce property outgoings and boost the net income
• Self Storage is considered a defensive, inflation-proof investment given the opportunity to optimise income through storage fee rate rises
** Figures are current as at June 2023. Request up-to-date information and further detail on this asset from Cushman & Wakefield.
This facility has secured 24-hour access, is energy efficient, includes a customer reception office and merchandise area and is a well maintained, clean facility on flood-free land.
The location is well positioned less than 2km from the Charters Towers CBD which is an easy 90 minute drive to the coastal City of Townsville.
The main economic contributors to the region are mining, agriculture, education and tourism. Council is proactive in expanding business and economic output in the region which will bode well for growth into this region.
Additionally, the Federal and State Governments have committed over $3.5billion of investment in infrastructure in this region. The surge in job creation underpinned by these projects positions this asset for exceptional growth opportunities.
The property is to be sold as a going concern. Trading figures are available to qualified parties under a confidentiality agreement. To discuss this asset in more detail please contact the exclusive agents at Cushman& Wakefield.