KSS January eKourier 2023

PROPERTY

SPOTLIGHT ON NEWSTEAD

K ennards Self Storage Newstead is situated on busy Breakfast Creek Road, a main arterial into the city from the Bruce Highway and the airport. The 3,698 square metre property was originally constructed as a purpose- built storage facility by Jim Miller in 1989 as part of Miller’s Self Storage on the former site of a foundry. Here is a trip down memory lane with a Millers TV Commercial from1996 - https://bit.ly/3ZwV9cs and today KSS Newstead - https://bit.ly/3CG6HjU Our acquisition of Millers in 2004 saw Newstead and four other Queensland locations rebranded as Kennards Self Storage. This brought the number of properties in the KSS Qld portfolio to seven at the time. The current count is 18 with more in the pipeline. According to Google Maps quick facts, “Up-and-coming Newstead has a growing nightlife scene centred on a stretch of former warehouses featuring Craft Breweries and pubs with a hip, laid-back atmosphere. Continuing the industrial-chic vibe, nearby Gasworks Plaza has stylish bistros and cafes built around a decommissioned

Gasometer.”

KSS Newstead has 830 internal units totalling 6,932 square metres. The mix

has everything from 0.5 cubic metre lockers to a 92.7 square metre unit on the ground floor and 88 wine storage- units which were installed in 2012. Just prior to Christmas we were 93.5% occupied with all lockers and wine units 100% rented for the first time. With an average unit size of 8.2 square metres, we cater to a wide range of residential and commercial customers due to the ongoing gentrification of Newstead and surrounding suburbs. We recently created the 92.7 ground floor unit for Australia Post to expand and operate their fleet of EV delivery vehicles. One challenge we have is the proximity to KSS Fortitude Valley. We are only separated by 800 metres which can create customer confusion between sites. There is also a Storage Choice and two National Storage sites found within 1.5 km.

Bauze (pictured above), Centre Manager and Hub trainer, who has 17 years of KSS experience working at multiple sites across Brisbane and Sydney. Rebecca Forster (above right) and Mariana Da Silva (above left) joined the team in April 2022 as PPT Assistant Managers bringing experience from Emergency Response Travel and the Banking industry.

David Bauze Centre Manager KSS Newstead

Our current team consists of David

17 Kennards Kourier Jan 2023