Discussion
Apologies if this has been done before, my search did not find anything......
I may have an opportunity to rent 1/3rd of a large open air Builders Yard, on the borders of an Industrial / Residential area, in a large town. The owner is not bothered what I do in his yard, including sub lets, as long as he doesn't get hassled.
There is room for at least 12 x 40' Containers in that 1/3rd, plus a couple of smaller units. The remainding parts of the yard would be shared access (1/3) and the Builders own gear (mostly vehicles and piles of heavyside materials) in the other 1/3rd. The yard is secure enough from unauthorised vehicle entry (and I could improve that), but kids could (and do) find their way in. Just like any other Yard really.
Like everywhere else, self storage is well catered for across the town, with Big yellows etc, but as far as I can see nothing in this suburb. The yard rent is not going to be prohibitive.
Is self-storage rental likely to be a change of use? Its really only storage now, but I'm not sure if rented is different? 40' Containers seem to rent for close to £180 pcm, with a longer term view I feel I could undercut that sufficiently to guarantee that I let my units. As I am only talking 12 or so containers I should be able to be picky with my Customers - (this is only for supplementary income).
If I budget for the cost of Containers (£2K each?), some lighting, maybe a CCTV with IR lighting, a keyset, plus all the public liability / Business Insurance and a monthly clean up, anything else I am likely to have to fund?
I may have an opportunity to rent 1/3rd of a large open air Builders Yard, on the borders of an Industrial / Residential area, in a large town. The owner is not bothered what I do in his yard, including sub lets, as long as he doesn't get hassled.
There is room for at least 12 x 40' Containers in that 1/3rd, plus a couple of smaller units. The remainding parts of the yard would be shared access (1/3) and the Builders own gear (mostly vehicles and piles of heavyside materials) in the other 1/3rd. The yard is secure enough from unauthorised vehicle entry (and I could improve that), but kids could (and do) find their way in. Just like any other Yard really.
Like everywhere else, self storage is well catered for across the town, with Big yellows etc, but as far as I can see nothing in this suburb. The yard rent is not going to be prohibitive.
Is self-storage rental likely to be a change of use? Its really only storage now, but I'm not sure if rented is different? 40' Containers seem to rent for close to £180 pcm, with a longer term view I feel I could undercut that sufficiently to guarantee that I let my units. As I am only talking 12 or so containers I should be able to be picky with my Customers - (this is only for supplementary income).
If I budget for the cost of Containers (£2K each?), some lighting, maybe a CCTV with IR lighting, a keyset, plus all the public liability / Business Insurance and a monthly clean up, anything else I am likely to have to fund?
Interesting, 4th time discussed or read Containers business ideas this week. Can't add much, but hae been surprised the number and nature of different private and public enterprises that pay good money for 'simple' storage (eg sports wear company storing retrieved fake copies.....Police archiving stuff....).
Business P&L sounds interesting each time
Good luck
Business P&L sounds interesting each time
Good luck
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