“Mini Storage units are much sought after properties to own. The beauty of them is their low cost of overheads and economies of scale - number of tenants against overheads (security). The demand for secure storage space far outweighs the supply as many families move into smaller homes,” comments Jacques Coetzer of Auction Alliance.

The property is situated on the periphery of Killarney Gardens, the prominent industrial hub of the Central and Western Suburbs. The property is currently utilized as a storage facility and is known as Storage Spot.

The site comprises seven detached double storey buildings which offer 723 units for storage purposes, security offices, a garbage unit, a single garage, office and reception area, CCTV room, kitchenette. Included on the property is a two bedroom apartment with lounge, kitchen, toilet and two balconies.

CCTV surveillance is setup throughout the property.

The property is multi tenanted with different lease terms. The auction takes place on site at 12pm on December 1.