Kapiti Self Storage

For sale by tender · Paraparaumu, Kapiti Coast

Kapiti Self Storage 17 Sheffield Street

An established, owner-managed self-storage facility on 3,026 sqm of freehold land, offered as a going concern.

Register interest See the facility
Occupancy
~99%average over 10+ years
Income growth
5.8% pacompound, FY2022 to FY2026
Rentable space
63 + 2storage units plus yard spaces
Land area
3,026 m²freehold, level L-shaped site
Tender closes Date to be confirmed
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A proven income asset with built-in upside

Kapiti Self Storage has been owned and operated by the vendor for more than 10 years. Occupancy has averaged approximately 99% over that time, and the facility runs on a streamlined, owner-managed model with no on-site staff.

Rents have been managed conservatively. Long-standing tenants remain on legacy rates while new tenants are onboarded at standard rates, leaving room for an incoming owner to align rents over time without capital expenditure.

Demand for self storage is driven by life events such as moving, downsizing and business change, which occur in all economic conditions.

  • Sale typeFreehold going concern: land, buildings, business, tenancy agreements, website and domain portfolio
  • AccessDrive-direct to every unit door, no lifts or corridors
  • GateAutomated electronic gate with 24/7 phone access, installed early 2025
  • SecurityIndividually monitored alarm in every unit, plus CCTV
  • SeismicIEP (2016) indicates 87 to 100% NBS, Grade A