Multiple Storage Units in Secure Park, Storage Unlimited, Highdale Road
20 x Storage unite | Extent: ± 18 m² to ± 19 m² per unit | Potential Gross Annual Income: ± R324K
The property is located within the suburb of Glen Anil in the northern suburbs of Durban. This sectional title scheme is made up of a storage park with a total of 160 units. There are two road accesses from Highdale Road and Cypress Drive with two accesses off Highdale Road.
The storage units are managed by a Body Corporate and individually owned by separate owners or in clusters. The rentals of the units are mostly managed by a managing agent with an onsite office. The office is open Monday to Friday between 8 am and 1pm. There is 24 hour security onsite.
The average size of each of the 20 units on auction is 18 to 19 m2 and they are mostly tenanted. The nature of storage unit leasing is mostly short term however occupancy levels and demand are very high. Each unit is either currently generating or has the potential to generate a gross monthly income of ± R 1 200.00 to R 1 400.00 per month. The potential gross monthly income from all 20 Units would be ± R 27 000.00.
Each unit is square with one roller shutter door. There are no electrical connections in the units. These are definitely great first time, easy maintenance investments.
To participate in this physical auction each bidder has to follow the registration procedures.