42.7%*
Upper Coomera
- Residential population growth
- Business population growth
- Visibility & proximity of supply
- Self storage development
- 6 - 7 years investment term
- $500,000 minimum investment
*Subject to confirmation in the Information Memorandum
42.7%*
Upper Coomera
*Subject to confirmation in the Information Memorandum
- Residential population growth
- Business population growth
- Visibility & proximity of supply
- Self storage development
- 6 - 7 years investment term
- $500,000 minimum investment
Natgen Development Trust UC22
Location
Upper Coomera, Qld
Property Location
2 Ellis Way, Upper Coomera. In the rapidly expanding northern Gold Coast growth corridor visible from the M1
$32,800,000
Completion Value
Development Project
A 4 level self storage facility which will consist of a high-specification state-of-the-art self-storage building and surrounding facilities. The building will house excess of 8000m2 of self storage units.
42.7%
Targeted Development Return
Strategy
There is a limited supply of sites possessing
the required locational attributes to support a prime
self-storage use..
Construction and operation of a large-scale self-storage facility adjacent to the M1 motorway – one of the busiest roads in the country. The northern Gold Coast corridor is the epicentre of the growth of the Brisbane / Gold Coast corridor, with the Gold Coast expected to welcome approx. 500,000 new residents by 2046.
Demand drivers for self-storage include the following:
Residential Population Growth
Consumers in dense urban areas with reduced storage space are more likely to use self-storage services. See population growth table of Coomera below.
Business Population Growth
Small to medium businesses (SMEs) are are a source of demand for self-storage space. Growth in these arrears including e-commerce and trade related businesses often encourages business owners to increase their demand for self-storage space.
Household Turnover
A rising number of housing transfers tends to increase consumer demand for short-term self-storage to keep items before transporting them to their new location.
Increased Small Business Space Requirements
With the advent of small-scale internet based B to C distribution businesses, self storage is ideal for their mini warehousing needs.
Increased Small Business Space Requirements
Increased general affluence means households have more physical possessions but less storage arears within the modern home. Self storage can fill this void.
Visibility and proximity of Supply
Self Storage is a demand driven industry. The visibility of a facility on a busy road is an important factor for occupancy rates.
Location Metrics
- Upper Coomera, Gold Coast, Australia
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