Strata Store - Karratha

What is Strata Titled Storage?

Strata titled storage is the next progressive level of the traditional self storage. Instead of renting or leasing space at an ongoing cost, strata titled units are purchased by businesses and individuals for temporary or permanent storage, or simply as an investment then sub leased. Traditionally, storage developments have been owned and run by one entity with no opportunity to invest in the facilities and capitalise on the strong returns. With approximately 25% of customers being of a commercial nature, storage has long been seen as an unfortunate business expense. What strata title storage does is gives you ownership of the storage unit, which then turns an ongoing expense into an secure investment with potential long term returns and capital growth.

Strata titled storage units are professionally managed by a body corporate, and for added security only you can access your unit, which can be whenever and for as long as you want. Each unit comes with a leasehold or freehold strata title. This is the best form of title available as it allows purchasers to sell their asset at any time or to borrow against the unit. Strata titled storage units have an infinite number of uses and are perfect for tradesmen, small businesses, office and personal storage as well as car and boat storage. More recently as the self storage industry has become one of the fastest growing industries in Australia, investors have entered the market seeking the secure, long-term returns and solid capital growth that strata titled storage units provide.

Market Update

Despite the downturn in the Australian economy, many of the factors that have caused demand for self storage units to grow strongly in recent years are still relevant and are expected to continue well into the future. These include:

Transient population and migration

On average, Australians move every five years creating demand for temporary and permanent storage. The growing population will also continue to stimulate the need for self storage.

Rising retail and commercial rents

Rentals in Australia's cities are likely to remain high making self storage a secure, low cost solution for storing excess stock, equipment and office files.

Increased Demand for Medium and High Density Housing

Soaring land values and the popularity of downsizing have seen an increase in demand for apartments. However, inadequate storage facilities for larger personal belongings such surfboards, skis, golf clubs and bicycles make self storage an attractive storage option.

Downsizing

The growing trend for baby boomers to downsize as they retire will continue to stimulate demand for low cost storage. High level of boat and caravan ownership. Australia has one of the highest per capita levels of boat and caravan ownership in the world, a trend likely to continue. Self storage provides a safe and cost-effective alternative to expensive boat moorings and caravan parks.

Storage for collectors

Art, wine and vintage cars and other collectables are increasingly popular as alternative investments and self storage is perceived as a secure, low cost method of storage.

Effective net market growth indicates long term demand irrespective on housing market fluctuations.

Benefits & Returns

The self storage sector is one of the fastest growing industries in Australia, experiencing approximately 20% growth in the last three years. With share prices plummeting and falling interest rates, strata titled storage has the potential to provide solid capital growth and secure long-term returns that can outperform many other investments, including real estate. Whether you are an owner-occupier or an investor, strata titled storage provides a low price entry into the property market.

"The burgeoning self storage sector is starting to attract new investors who are drawn by strong cash flows and growth potential." Australian Financial Review.

Strata Store Features

Located 10 minutes from the centre of town and in the heart of the commercial district, Strata Store Ballarat is perfectly located for all your storage needs.

Developer

Strata Store Group is one of the largest providers of strata titled storage units and mini-warehousing in Australia. As a progressive investment group Strata Store are responding to the demand for premium quality, secure, accessible and maintenance free self storage to facilitate the ever increasing need for "more space". Strata Store offers premium quality strata titled storage units at prime locations throughout the country. These storage units range in size from 30m2 to 60m2 and come equipped with outstanding standard features that include 24-hour CCTV surveillance, fully monitored alarm system, double power point, lighting, insulated roof and dedicated boat/car wash down area. Strata Store's goal is to become the number one provider of premium quality Strata Storage facilities throughout Australia. The way they are getting there is a simple - provide the best quality product they possibly can at a fair market price and time will do the rest.

The founders of Strata Store have a long standing history in the development and real estate investment market, and know only too well what it takes to make a development that pays dividends to investors for years to come. "We treat each development as we would any residential real estate development, quality finishes and fixtures from the paint on the walls to the electric roller doors. We see developments going up in less than half the time, but when the heat and cyclones in Karratha, the hail in Ballarat and the storms in Port Kennedy come through we know where we'd prefer to keep our valuable storage". The benefits of this attention to detail also pays off in the future with greatly reduced body corporate fees as a result of low maintenance costs as well as piece of mind.