The opportunity to invest in Store First has been around for a few years now, much excitement has resulted in an amazing 20 units being built with a further 30 units expected over the next 3 years.
We wanted to share with you one of the testimonials that have been done to give the views of someone who has been in the project for some time.
The concept is really quite simple:—
- When an investor purchases a storage unit from Store First Limited he is offered a lease-back which guarantees him a rental return of 8% per annum for each of the first two years.
- The investor thus has a fixed return of 8% per annum guaranteed for the first two years.
- After two years it is up to both Store First Limited and the investor whether the lease continues but, if it does, then the investor’s rental return is contractually fixed at 10% per annum for years three and four.
- After four years have elapsed (assuming the lease had already been continued into years three and four) it is again up to Store First Limited and the investor whether the lease continues into years five and six but, if it does, then the investor’s rental return is contractually fixed at 12% per annum for years five and six.
- Store First Limited cannot continue leasing back the storage units in years three and four and in years five and six without guaranteeing returns of 10% in years three and four at 12% in years five and six.
We are coming to the end of the availability at Store First Manchester, very shortly we will see the release of the next location. Yet to be announced!
In just over a months time we will also see the opening of Store First Derby which will be another feather in the cap for Store First as we will have seen yet another of their storage investment’s open up to the end user.
Very exciting times for our investors. We have recently added a photo gallery to the information page, so if you are wanting to see more about our storage investment you can do so by going to this page on the Store First Storage Investment.
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