subject: Renewed Interest In Uk Self Storage As Store First Reports 100% Occupancy Levels [print this page] The UK self storage investment market has thrived throughout the recession with Store first, a leading storage company, reporting rising occupancy levels and extended lease periods despite economic hardship.
According to a recent Moving Trends Survey, 73% of homeowners would rather renovate or extend their property rather than move.
With thousands of people downsizing, letting out spare rooms or converting loft spaces rather than moving, rising numbers of homeowners are looking for alternative locations for their personal belongings.
And the UKs self storage industry is thriving from this demand.
Despite only opening two years ago, Store firsts Black pool facility is currently operating at 100% occupancy. On average, the company claims it takes around 18 months for each unit to reach full capacity.
As the average rental period reaches 40 weeks and occupancy levels hit new highs, the demand for self storage units is rising, helping Store first to extend its market share and expand its UK self storage investment.
In line with the companys increasing marketing and advertising campaigns, Store first has revealed that is has seen a rise in tenant enquiries.
With many customers finding the company via online advertising and searches, Store first has also broadened its marketing to local residents who live near facilities using flyer drop campaigns and high visibility billboards close to the units.
Storefirst, who offer their storage space at least 30% cheaper than their competitors, is rising in popularity and has recently been awarded the Thinking outside the box award by industry leaders.
In total Storefirst operates 8 facilities in the UK, with plans to extend its plans to increase its market share.
Working in conjunction with London-based investment company, Experience International, Storefirst is offering private investors the opportunity to enter UK self storage investment.
Only available through Experience International, investors can secure an 8% fixed income guarantee for the first 2 years, with a projected 10.27% NET Yield for years 3 and 4 rising to 12.53% in years 5 and 6.
