Chatswood

This investment is structured using a Unit Trust that purchased the property and operates the Storage King business. The building works and upgrade were managed by Storage King Services Pty Ltd, a subsidiary of Storage King Pty Ltd (the licensee of the Storage King brand).

69-75 Victoria Avenue was purchased by the trust in August 1999, as a vacant possession industrial site

The trust then spent the next six months upgrading the site to a self-storage facility, which opened for trading in February 2000.

The facility is operating in an extremely competitive Chatswood/Artarman market. Despite this the facility has managed to trade through the start up phase of the business and is looking forward to reaping the rewards of the groundwork that it has put in.

The facility recorded an average occupancy yield of $285 per square metre for the 2002 financial year