This article is from the Australian Property Journal archive
NATIONAL Storage REIT has bought a storage facility in Gosford on the New South Wales central coast for $7.2 million.
The acquisition will add 400 units across 4,900 sqm of net lettable area to NSR’s portfolio.
“Our expansion into the Central Coast region is a natural progression for National Storage, taking our reach north of Sydney into a market with population growth and supporting usage demographics for storage.
“The centre is well established with exposure to passing traffic. There is scope to actively manage rate per sqm and drive efficiencies once integrated into the National Storage operating platform,” Managing director Andrew Catsoulis said.
Australian Property Journal