Knight Frank has the exclusive privilege to offer for sale an exceptional freehold storage unit facility to investors and owner operators.
Launceston Self Storage comprises 46 storage units with a 75% occupancy rate, leased for short-term storage. There is an undeveloped first floor area of approximately 200 sqm* which is primed for further development. The property currently achieves a gross annual income of $161,518* (FY2022/2023).
The site has front security gates with 24 hour keycard access and 24 hour monitored security systems. The individual storage units are purpose built, constructed of concrete tilt paneling and fully insulated offering added protection from weather and condensation.
This property should be strongly considered by savvy investors, looking to secure a sought after, income producing asset with future development potential (STCA), potential to strata title and low operator input requirements.
The size of Invermay is approximately 4.1 square kilometres. There are 9 parks, covering nearly 21.5% of the total area. The population of Invermay in 2016 was 3061 people. By 2021 the population was 3498 showing a population growth of 14.3% in the area during that time. The predominant age group in Invermay is 20-29 years. Households in Invermay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Invermay work in a professional occupation.In 2021, 46.50% of the homes in Invermay were owner-occupied compared with 44.00% in 2016.
Invermay has 2,057 properties. Over the last 5 years, Houses in Invermay have seen a 46.23% increase in median value, while Units have seen a 47.64% increase. As at 30 June 2026:
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