This is an excellent investment opportunity as an established, turnkey business that provides a practically passive rental income stream. Williamâ??s Storage is known for its superior locations in Industrial park, situated on 5 elevated lots with excellent drainage and accessibility. This business spans 5 lots (Block 60607, Lots 108, 109, 110, 111, 163) totaling over 4 acres of Industrial zoned land. The storage buildings themselves are layed out uniformly and are of steel construction with metal roofing and cladding. There are over 330 individual storage units totaling 61,000 square feet of storage ranging in size from 50 sq.ft. to 450 sq.ft. Additionally, there are 6 â?? 400 sq.ft. retail bays fronting Industrial drive that are fully tenanted. Each retail space consists of an attractive store front with parking, as well as a large rear loading bay and warehouse area. There are 2 administration offices and a maintenance unit dedicated to the operation of the daily operations. The business has recently had an independent valuation (2022) and has financial statements that can be shared for qualified buyers. There are numerous opportunities to enhance this business beyond the retail and storage rental revenue, including the potential for solar power generation and conversion to climate controlled units achieving higher rental rates. This is a rare opportunity to own a substantial Industrial zoned landholding in the strategic and centrally located Industrial Park on one of Provoâ??s main arteries, Industrial Drive.Show all description
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