Syndicate Introduction

This investment is structured using a Unit Trust that purchased the property and operates the Storage King business. Units were offered to investors via Quantum Securities Pty Ltd a licensed security dealer. 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). This facility is managed by Storage King Pty Ltd.

27 Mars Road was purchased by the trust in September 1999, as a vacant possession industrial site.

The trust then spent the next few months upgrading the site to one of the largest self-storage facility in Australia.

The facility is trading in a competitive market, however continues to increase its yearly average occupancy.

The facility recorded an average occupancy yield of $156 per square metre for the 2002 financial year