• Modern 106 unit storage facility
• Purpose built / highly secure complex
• Attractive returns on good spread of risk
• Potential for further occupancy growth
• Sought after Eastern Bay of Plenty location
EastBay Secure Storage complex is a successful self storage business with a proven seven year trading history located within the Coastlands industrial precinct in Whakatane. The site is in close proximity to The Hub bulk retail centre and the CHH Whakatane Mill with the Whakatane CBD just five minutes drive. This is a freehold going concern that offers an excellent opportunity to purchase a low risk business generating continuous cash flow with strong returns from ongoing growth over the past three years. The past year traded at 68 percent occupancy so there is further potential to maximise tenancies and rental growth in the future. The business requires minimal management and can be run on a part time basis generally by one person. Ideally this opportunity may suit a couple whereby one can run the facility and the other have employment or alternatively it may appeal to an investor looking to run the business with a contract manager. The eastern Bay of Plenty regions popularity is attributed to lifestyle factors such as superb climate and some of the highest sunshine hours in New Zealand whilst Whakatane is an extremely popular holiday and tourist destination over the summer season.
AUCTION DETAILS:
Wed 5 Dec 1:00 p.m.
Auction Rooms, 247 Cameron Road, Tauranga