The scarcity of space in Sydney has compelled Kennards Self Storage to squeeze more out of its existing properties.
The family-owned business’s Waterloo property which already boasts 2,491 storage spaces, is now about to open another 558 spaces with the addition of 2 new levels on top of an exiting 2 storey building. The new spaces will be available for rent in October. This will bring the total number of available spaces to 3,049 spaces. In contrast Australian industry average storage centres are about 350 spaces.
Waterloo is the largest asset in the Kennards Self Storage portfolio and probably also the largest self storage centre in Australia.
Located on corner of Burke and O’Dea Ave in the heart of the south Sydney apartment construction frenzy, Kennards Waterloo is providing the new residents the extra space they need. The company is capitalising on the redevelopment of old industrial sites into a new high density residential neighbourhood by expanding the property which was experiencing high occupancy.