Mates Rates Storage

Mates Rates Storage is an established, drive-up self storage facility located at 14 Hurrell Way, Rockingham, Western Australia. The facility offers drive up self storage units ranging from 7.80m² to 25.80m² across two buildings. The facility has benefitted from consistently high occupancy with current physical occupancy of 98.9% and economic occupancy of 95.8%.

Designed to service the needs of both residential and commercial customers, the facility features ground level units throughout, enabling convenient drive-up access. The Facility offers:

• Perimeter fencing with automated gate access
• Security cameras installed throughout
• Diverse range of units
• Compressed asphalt driveways

Built using block and lightweight steel construction, the facility is low-maintenance and highly functional. The facility is supported by Rockingham’s growing population as well as its strategic location to the state’s southern growth corridor.

Mates Rates Storage represents an opportunity to acquire a stabilised self storage facility in an established market surrounded by substantial growth corridors.

INVESTMENT HIGHLIGHTS

• EFFICIENT AND LOW MAINTENANCE DESIGN
• STABILISED, HIGH-OCCUPANCY ASSET (98.9% PHYSICAL OCCUPANCY)
• AVERAGING 7.0% TOPLINE REVENUE INCREASE YOY FOR THE PRIOR 3 YEARS
• REMOTE MANAGEMENT COMPATIBLE – NO CURRENT ON-SITE MANAGEMENT