Kennards Self Storage News & Updates

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Self Storage Valuation Guidance Note Available From API and PINZ

Kennards-Self-StorageMacquarie-Park-45As a property class, self storage is one of a stable of ‘Going Concern’ asset classes. Not only do typical valuation considerations of location and quality impact value, but also the role of management and marketing.

Like hotels, that have constant rotation of paying customers coming and going, self storage has a management intensity that distinguishes it from more passive property assets.

The capital (both equity and debt) inflow into the self storage sector has increased substantially over the past 15 years. This compels greater sophistication and deeper understanding of the metrics, drivers and risks of self storage assets.

The Australian Property Institute (API) and Property Institute of N.Z. (PINZ) have developed a Guidance Note for the Valuation of Self Storage Facilities. This outlines the parameters to be considered by valuers when undertaking self storage valuations.

To read the guidance now go here.

As a proud Family Business you can feel comfortable in storing with People Who Care. We have storage locations everywhere! And space for everyone! Personal and Business Space, Wine Cellars, RV and Boat, Gun Storage and Deposit Boxes. Keep it at Kennards, the People Who Care!

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