The owners of Easy Access Self Storage, which has two locations in England, are looking for investors to fund an addition to its new drive-through facility in Trafford Park. Owners Bernard and Sue Bailey operate a 55,000-square-foot facility in Heaton Motor, Stockport, and opened the Trafford Park site in February. The couple is seeking £1.5 million to £2 million.
Trafford Park currently encompasses 8,000 square feet of storage space and 100 drive-up units. It is 60 percent occupied. The Baileys would like to add another 27,000 square feet of storage space and 400 units over the next two years.
Trafford Park’s first phase was financed by the Baileys and the Royal Bank of Scotland. The self-storage owners are meeting with local financers and potential equity partners.
The couple also plans to use their Trafford Park location as a model to build five to six additional facilities in North West, one of nine official regions of England, storage market over the next two years, Bernard Bailey told the source.
Sources:
- The Business Desk: Easy Access Looks for Self-Storage Investors
