24 Hampson Street Millbank QLD 4670

Discover a fantastic opportunity to own a versatile self-storage facility that caters to both residential and commercial needs. Millbank Self-Storage offers a secure complex with a range of unit sizes, including temperature-controlled lockers and parking bays. Conveniently situated close to Bundy's thriving commercial and residential precincts, above the flood hazard area.

Amenities:
- 5m x 7m storage room with power and air conditioning
- Double sliding door access with tinted glass
- Secure, double gated access
- Ample parking bays within the facility
- Individual lockers available in a temperature-controlled environment, providing versatility for various storage needs.

Since acquiring Millbank Self-Storage in 2018, the owners have successfully transformed the facility's performance. At the time of purchase, occupancy was below 50%, with weekly storage fees set at 40 for a 6x3 unit and 45 for a 6x4 unit. Today, the facility boasts a remarkable 100% occupancy rate, with current listed storage fees increased to $60 for a 6x3 unit and $65 for a 6x4 unit. Recent investments totaling approximately $50,000 have been made to enhance the property, including a complete repainting project and upgrades to the fencing and gate, providing a modern appearance and superior security for all customers.

Ideal for investors looking to capitalize on a secure storage solution in a growing area. Whether you're looking to expand your real estate portfolio or start a new venture, this commercial property presents a unique opportunity. Includes digital assets related to the business for a seamless transition.

Take advantage of the continuous demand for storage solutions in this convenient and strategic location.

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Disclaimer:
The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.