130 Tully Street St Helens TAS 7216

For Sale by Offer is this very recently developed quality multi storage facility conveniently located off the busy Tully Street arterial and only minutes from the heart of the St Helens central business precinct.

Comprising a makeup of 19 individual storage units ranging from14sqm to 150sqm
Tully Street Self Storage presents as a highly desirable operation in the burgeoning self-storage industry. Whilst still in its infancy this secure lock up facility is in excellent condition making for an easy ownership transition. Located within the main St Helens industrial precinct the generous 1808sqm site provides real potential to further expand the storage footprint.

Features to note:
. Extremely low maintenance investment, new/near new buildings
. Easily self managed remotely from a home base, or continue management via local agent
. Set over a large 1808sqm site with expansive concrete hardstand yard areas
. Secure gated complex with remote controlled entry
. Potential to reconfigure the front block of units to capitalize on the Tully Street frontage
. Solid demand with take-up of 12 units to date
. 95%+ occupancy expected Q3/Q4 this year assuring strong future cashflow streams
. St Helens, a major east coast centre enjoying robust year on year growth

For the astute investor, $79,000+ gross rent income is projected on a 100% occupancy scenario with potential to further increase that by the addition of container storage units in the yard area.

With the market for industrial storage assets and investments strengthening across regional centres Tully Street Self Storage is an opportune investment for either the investor or a (part) owner-operator particularly a contractor, tradie or logistics type business needing a smaller shed or depot to part occupy whilst benefitting from the additional onsite rent income.

For a scheduled inspection or further detail, contact the agents now.