* 40 Storage units
* Income 2025 FY $55,000
* Market rent ~ $35 per unit per week
* Perimeter fencing
* Flood free, located on edge of South Grafton

Located in the South Grafton Industrial Area, 5.9km from the Grafton CBD, this secure storage complex features 40 individual units - 12 of which are newly constructed (completed September 2024).

The complex has a strong rental history and has shown income of $55,100 and $48,200 in the last two financial years. The current owners are not registered for GST as the income is below threshold.

Maintenance is easy with a lawn mowing contractor taking care of most of the upkeep and Council rates and building insurance are comparatively affordable.

The complex has been managed long term by McKimm's Real Estate or could easily be self managed moving forward.

Storage has been a long term success story in the Grafton area as modern home construction and moving trends have created strong long term demand and low vacancy rates over the past 20 years. Each individual unit now rents for between $25 - $37.50 per week. Long term tenants in place for many years currently pay the lower rents which could be reviewed as existing agreements take the form of a basic licensing contract not a fixed term commercial lease.

Storage complexes of this type offers the investor multiple small income streams that create security of income over the economic cycles.

Current long term owners are now looking to retirement and estate planning and have made the decision to sell after owning since 2001.

Insurance: $4286 pa
Council rates: $3480 pa
Lawn mowing / Maintenance: $900 - $1200 pa