Cushman & Wakefield are pleased to present For Sale a significant self-storage portfolio located within three established and high performing submarkets in Perth’s southern metropolitan corridor.
Available as a portfolio opportunity or as individual offerings, this rare opportunity is poised to take advantage of income reversion of 20% +, limited competition, a soaring population growth rate, and a customer base that stays for approximately 2 years on average. Land in this part of Perth is scare which will continue to constrain supply in an already tight market.
Key Portfolio Investment Highlights:
- 15+ years proven trading history.
- 80% drive up units by NLA.
- 86% average occupancy with stabilised gross income of $2,400,000 per annum.
- Limited competition – only one major competitor in each market.
- Rents materially below Perth averages
- Submarket population growth exceeds the state average by 93%.
- Proximity to complementary uses, including fuel, fast food, retail, trade, and business services.
- Additional hardstand and office space.
- Crucial CAPEX completed to support growth.
Individual Asset Summaries:
Rockingham
• Double storey construction
• Site Area:3,993sqm
• Storage: NLA 2,630sqm across 252units + hardstand + office
East Rockingham
• Single storey construction
• Site Area: 6,615sqm
• Storage: NLA 3,209sqm across 196units + hardstand + office
Mandurah (Greenfields)
• Single storey construction
• Site Area: 8,620sqm
• Storage: NLA 3,888dwm across 292units + hardstand + office
The properties are being sold exclusively by Cushman & Wakefield via an “Offers Invited” and are available in one line or as individual offerings.
For full details and a comprehensive Information Memorandum of this exceptionally rare opportunity please contact Cushman & Wakefield.
- Perth - Southern Suburbs
