JLL sells Rent A Space in Liverpool

Rent A Space (Self-Storage) Limited are pleased to announce the disposal of their Liverpool store to Armadillo Self Storage Limited for an undisclosed sum.

The asset sale of the freehold store, which is based in the Aintree area of North Liverpool on Dunnings Bridge Road which is a gateway route into the city, complements the existing Armadillo portfolio in the city of Liverpool.

The mature asset, with over 85% occupancy levels and an MLA in excess of 50,000ft2, was developed by Kevin Murphyand Andrew Donaldson in 2015 as their first store in the Rent A Space portfolio and reached maturity just over 3 years from opening.

Kevin Murphy of Rent-A-Space stated ‘As a Liverpudlian I’m been proud to have developed such a quality freehold asset, from scratch over the last 4 years, in my home city and I have no doubt the store will be an excellent addition to the Armadillo portfolio. 

Ollie Saunders, of JLL who advised the vendor, said “We are seeing an increasing rate of consolidation in the UK self storage market, as portfolio owners see the benefit of acquiring good quality income producing stores such as Rent A Space in Liverpool.  This store had the fundamentals right – a prominent site, a strong location and an entrepreneurial operator who was able to reach maturity in line with their business plan”