Selling Price: N$9,000,000 (Excl VAT)
Location: Extension 10 Industrial, Swakopmund
An exceptional opportunity to acquire a modern, income-generating self-storage facility in Swakopmund’s established industrial area.
UStore Self Storage is a purpose-built storage complex completed in September 2023, offering 30 individual storage and garage units across approximately 747 m2 of lettable space on a 1,040 m2 erf. The property generates rental income from a diversified tenant base of businesses and private individuals, making it an attractive investment for buyers seeking an established commercial income stream.
A Diversified, Income-Producing Asset
The facility currently generates approximately N$63,252 per month in rental income, excluding VAT, equivalent to approximately N$759,021 annually. Based on the asking price, the property offers an indicative gross rental yield of 8.4% and an estimated net yield of 7.6%, based on the current rent roll and stated operating costs.
With multiple independently let units, the investment benefits from a diversified rental base rather than relying on a single major tenant. The leases allow for annual rental escalations of up to 10%, providing potential for future rental growth, subject to the applicable lease terms.
Property Features
The complex comprises a versatile mix of garages and storage rooms, with unit sizes ranging from approximately 9 m2 to 68 m2. The configuration accommodates a variety of storage requirements, from household goods and business inventory to tools, equipment, trailers, boats and work vehicles.
Key features include:
* 30 individual storage and garage units
* Approximately 747 m2 of lettable floor area
* Secure, motorised entrance gate
* Seven CCTV cameras
* Paved internal driveways with convenient access to ground-floor garages
* Prepaid electricity meters for individual units
* First-floor storage units accessible via ramp and stairs
* Extra-high doors on larger garages
* Shared tenant ablution facilities, including showers
* On-site caretaker and regular cleaning service
* Durable brick construction and concrete floors
The facility is designed for practical, low-maintenance operation, with tenants paying for their own electricity through prepaid meters.
Strategic Industrial Location
Situated in extension 10 Industrial, the property enjoys a convenient position within Swakopmund’s industrial hub. Its location provides access to the main road into town and the B2 highway connecting Swakopmund with Windhoek and Walvis Bay.
The surrounding industrial environment supports demand from contractors, tradespeople, fleet operators, businesses and households requiring secure storage and garaging facilities.
The property is zoned General Business, offering a range of permitted-use possibilities, subject to municipal regulations and approvals.
The Investment Potential
UStore Self Storage presents an opportunity to acquire an established commercial property with existing tenants, operational infrastructure and recurring rental income from day one, subject to transfer and lease arrangements.
This is a rare chance to acquire a modern, fully let storage facility in Swakopmund's industrial hub, with income generated from day one.
For further information or to schedule a viewing, please feel free to contact us.
Investment figures are based on information provided by the owner and remain subject to verification. Rental yields are indicative and not guaranteed, with rental and cost figures to be confirmed during due diligence. The selling price excludes VAT and Transfer Costs.
