Kennards Self Storage has acquired an office warehouse in the Melbourne eastern suburb of Hawthorn.
With 5,056 square metres of land and 9166 square metres of improvements, Kennards will convert and re-use the buildings to create its 12th Melbourne storage centre.
The property is located adjacent to the Toorak Road and Monash Freeway intersection, giving excellent access in every direction.
Kennards identified the undersupply of storage in Hawthorn and its surrounding suburbs over 10 years ago. Until now, the company has not been able to secure a suitable property.
The Kennards project in Hawthorn will ultimately offer over 900 storage spaces and as always will offer compelling value for money to the local residents and businesses to store their goods.
The new Hawthorn centre will boast all of the Kennards latest features and security systems making it the highest quality storage centre in the neighbourhood.
All storage spaces will be individually alarmed and customer access available 24 hours, 365 days a year.
The storage centre will also offer a selection of Enterprise Spaces for businesses. These spaces are 40m² to 100m² ‘Mini Warehouses’, with the exceptional economy and flexibility of No Lease, No Bond and No Legals.
Kennards are preparing to lodge a Development Permit with the city of Boroondara Council and hope to commence construction works prior to the end of 2015 for opening in 2016. The company will invest approximately $4.5 million in converting the building, and again creating another significant local landmark.