An outstanding opportunity to acquire part or all of Reeve Street Storage, a well-established self-storage business operating from 30 Reeve Street, Levin. Situated in a convenient central location with easy access to State Highway 1, this proven investment provides a reliable passive income stream and strong future growth potential.
The business comprises 16 storage units and is currently operating at full occupancy, delivering consistent cash flow from a diversified customer base. Current estimated net income is approximately $40,862 per annum, providing an attractive return for investors seeking a low-maintenance business with regular income.
A key feature of this offering is the opportunity to enhance returns through future rental adjustments. Existing rentals are considered below market levels, presenting purchasers with the potential to increase income over time while benefiting from an already fully leased operation.
Self-storage businesses are widely recognised for their simplicity of management, resilience in varying economic conditions and recurring revenue profile. Reeve Street Storage combines these advantages with an established trading history and a strategic Levin location close to major transport routes.
Flexible acquisition options are available, with purchasers able to acquire either a partial ownership interest or the entire business.
Whether you are looking for a passive investment, a partnership opportunity, or full ownership of an established storage operation, Reeve Street Storage represents a compelling opportunity to secure a proven income-producing business.
For further information or to arrange a confidential discussion, please contact the sole agent today, Alan Pye on 027 518 1909.
(Note: All measurements and specifications are approximate).
Features:
- Current estimated net income is approximately $40,862 per annum
- 16-units
- Land area 1,012 sqm
- Floor area 281 sqm
- Industrial zoning
More information: https://www.colliers.co.nz/p-NZL67041173
