Blayney Self Storage

Sold Price: $2,000,000

Key Information

Sold Price: $2,000,000
Land Area: 6,482 m²
Net Lettable Area: 1,494 m²
Unit Count: 85
Facility Type: Drive-Up

Blayney Self Storage_Offering Memorandum

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Summary

Blayney Self Storage is an expansive ground level self storage facility located in the Central Western Region of New South Wales. Constructed near the turn of the millennium, the facility offers 1,494m² of net lettable area across 85 units, over a 6,428m² site. The Facility has benefitted from historically strong occupancy levels with physical occupancy at 98.2%. Management have increased monthly rental rates annually, with the vast majority of tenants paying street rates – averaging 7% annual revenue growth from FY23-FY25.

The buildings are barn-style, allowing customers to enter into a covered area, away from inclement weather, to access their unit. For customers who seek traditional drive-up units, those are present too. The Facility benefits from:

  • Passive neighbourhood surveillance
  • Full concrete hardstand
  • Covered access to units
  • Secure gate and fencing

 

Built using lightweight steel construction with concrete hardstand surfaces, the Facility is low-maintenance and highly functional.

The site also allows for future expansion by way of excess land and internal fit-out of a vacant warehouse shed. Blayney Self Storage represents an opportunity to acquire a well-maintained facility with management in place, expansion potential, and rental rate upside.

Stefan Kulas

Managing Director

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