Well-established storage complex in Hastings, set on a 3,978m² site with 36 units across two blocks. The front block contains 21 single units of 44m² each and 6 double units of 88m², while the rear block offers 9 single units, each measuring 39.2m².
Currently 35 units are leased on flexible weekly or monthly terms, with one unit owner-occupied, making this property an appealing investment opportunity.
With secure access via security gates, the complex generates a strong net return of $71,835 per annum + GST, with potential for full occupancy at market rental to achieve $110,000–$120,000 net rental per annum + GST. Conveniently located near Omahu Road and the Hastings/Napier Expressway, this is an ideal add-value investment opportunity.
• The units have individual cross lease titles (double units have two titles).
• Stud height: 3 metres
• Access to each unit via manual roller doors
• Power is reticulated and individually metered to each unit
• Fully fenced with access controlled via two swing gates
• Security swipe card entry system, alarm and CCTV cameras
For sale by Deadline Private Treaty closing 3pm Tuesday 10th December 2024 (unless sold prior).
Contact Danny Blair today for further information or to arrange a time to view.
