eKourier July 2014

Property Spotlight On Hornsby

T he Kennards Hornsby centre was previously a furniture business called Keith Lord. Located on the corner of Pacific Highway and Pretoria Avenue, directly opposite Barker College. We are within walking distance to Hornsby Railway Station and Westfield and two minutes from the M1 motorway. We are in the Lower North Shore of Sydney which is situated 26km from the Sydney CBD. The property was developed into storage in 1995. The centre has one building which consists of two floors including driveway, ground floor and upper level units; a total of 523 units. All our units are individually alarmed with 24 hour access. An office upgrade was completed just before Christmas 2013 which is much more user friendly and allows us to display all our merchandise and still have room to swing a cat! We offer our customers a superior product, by way of more value for money and quality service. Superior product knowledge with the backing of a trusted

name, puts us ahead of the competition.

quality service. Although the cheaper rates are attractive, superior product, Brand and knowledge can overcome this current challenge. The Team at Hornsby comprise of Steve Dillon who has been Centre Manager for seven months and with KSS for six years, and Scott Degenhardt who has been the Assistant Manager for nine months and with KSS for six years.

About 20% of our customers are businesses in the local area ranging from Golf apparel suppliers, National Account Customers, small electronic gear, air-con suppliers and timber floor specialists. Hornsby has experienced a slow quarter, although merchandise sales have been solid. Our current occupancy is 81.1 % with a current yield of 41.62.

Team Hornsby

The biggest challenge we face at present is the opening of a new compet- itor in Hornsby, which is offering units signifi- cantly cheaper than us. The biggest weapon we have to combat this is our superior product knowledge and

16 Kennards Kourier July 2014