An excellent opportunity to secure a well-located storage unit complex offering immediate income with clear upside potential.
Situated just a hop, skip and jump from the Hastings CBD, this established property comprises 10 individual storage units, catering to consistent local demand. The complex currently returns a net rental of $24,546 per annum, with one unit vacant and several others identified as under-rented, presenting a genuine opportunity to lift income over time.
This is a classic add-value investment: improve occupancy, realign rents to market levels and enhance returns without the need for major capital expenditure.
Key features include:
• 10 unit storage complex
• Net income of $24,546 per annum
• One vacant unit providing immediate leasing upside
• Further rental growth potential from under-rented units
• Convenient location close to Hastings CBD
• Strong demand fundamentals for storage assets
Well suited to investors seeking a low-maintenance asset with both holding income and future growth prospects.
For further information or to arrange an inspection, contact the sole agent Shannon Caldwell.
