• Under Contract

Bundaberg North Side Storage

Asking Price: $4,000,000 ex GST

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Key Information

Asking Price: $4,000,000 ex GST
Land Area: 6,500 m²
Net Lettable Area: 2,650 m²
Unit Count: 171
Facility Type: Drive-Up
Management System: SiteLink
Cameras: 14
Net Operating Income: $225,000

Bundaberg North Side Storage Offering Memorandum

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Summary

Bundaberg North Side Storage is a drive-up self storage facility located at 15 Cummins Street, Bundaberg North, within the Bundaberg Regional Council. The facility offers a diverse range of self storage units ranging from 3.25m² to 21.00m², as well as undercover parking stalls. Physical occupancy of 92% or greater has been maintained over the previous 12 months.

Sitting above the floodplain levels, the Facility was unaffected by the recent floods in 2011, 2013 and 2026, with the 2013 event being the highest recorded river level on record (Bureau of Meteorology). In addition to being flood-free, the Facility offers:

  • Perimeter fencing with automated gate access
  • Security cameras installed throughout
  • Diverse range of units
  • On-site residence providing passive surveillance

 

Built using lightweight steel construction, the Facility is low-maintenance and functional. With in-place management via a local real estate agency and an on-site residence occupied by a long-term tenant, the Facility is well positioned for an incoming purchaser.

Bundaberg North Side Storage represents an opportunity to acquire a stabilised self storage facility, free of flooding, with below market rental rates and located in an affordable regional market with strong growth prospects.

Stefan Kulas

Managing Director

+61 478 900 416

stefan@selfstorageadvisory.com.au

Mark Blake

Associate

+61 480 696 153

mark@selfstorageadvisory.com.au

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