2 Merino Street, LAUNCESTON – Contact Agent
SELF STORAGE BUSINESS + 820sqm WAREHOUSE/OFFICE to LEASE/OCCUPY + ADDIT. 6331sqm DEVELOPMENT BLOCK
Kings Meadows Self Storage business (KMSS) is a modern, exceptionally well presented storage facility consisting of 67 individual storage units built in 2003 and maintained in first class condition. It is the most central storage facility in Launceston and the only one in the growing southern urban locale. A relatively easy to run business and very efficient operating model, KMSS enjoys a strong occupancy in excess of 95% and a turnover of almost $150,000 p.a.
KMSS is offered for sale now for the first time on a freehold walk-in-walk-out private treaty basis with a total land holding of 1.1929 hectares including a 6331 sqm separate industrial block alongside for future expansion/development. Also included is an 820 sqm warehouse/office building fronting Merino Street which Zenexus Australia leased until recently as a wholesale distribution centre. Now vacant, the DC facility presents as a real opportunity for an astute business operator to acquire the KMSS holding, relocate an existing operation into the warehouse and run the self storage business as an adjunct or bolt-on to the main business.
FOR FURTHER DETAILS, FULL IM REPORT AND INSPECTION CONTACT IAN SINGLINE