The official receiver has completed the sale of the freehold and associated assets of the 15 storage centres.
Store first storage pods for sale.
Keep in mind that this price is for self storage only and varies significantly depending on location and other factors.
Store first offered investors the opportunity to invest in storage pods with the promise of an 8 guaranteed return in the early years.
The investigation found that the only investments offered to the public were storage pods marketed for sale by store first which paid commissions of up to 46 to another company which was part of.
The norm which the ssa cites of a self storage operator paying rent at no more than 1 2 the income per square foot earned through storage fees has no application to store first ltd.
Experts who get it.
Both store first freeholds limited and pay store limited are wholly owned by.
Store first is an operator of storage pods units based at several locations in the uk.
Store first self storage can save you time money and stress.
Whatever you choose to store with us we ll keep it safe and sound in your clean easy access storage unit.
There are no average costs available for portable containers.
Move in today and make the most of flexible licence agreements to suit you.
According to the 2020 self storage almanac the average national rental rate for a 10 x 10 storage unit is 107 11 and 132 97 for a 10 x 15 storage unit.
The store first units were advertised and sold as being suitable investments for sipps but as unregulated investments they were high risk products which were unlikely to be suitable for most investors who did not want to take such high risks with their pensions.
Store first ltd owns all its sites outright either as freeholder or long leaseholder.
Store first s grandiose scheme involved the establishment of a network of self storage facilities all over the uk.
In a number of cases these guaranteed returns however quickly dried up.
They had plans to set up 20 locations to start with and many more to follow but in reality fewer were built.
The assets of the service company sfm services have been transferred to pay store limited.
An investor has told us that they received the promised guaranteed returns for 12 months but these payments then stopped.
According to the lancashire telegraph the official receiver has sold the freehold associated assets and goodwill of store first s 15 storage centres to store first freeholds limited.
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Updated information on the liquidation of store first.