Brisbane storage giant doubles down in Melbourne’s leafy east
National Storage has bought a block neighbouring a major near-new facility in Melbourne’s leafy east.
The Brisbane based buyer snared the 2948 square metre Commercial 2 zoned tract, 315-317 Canterbury Road, Canterbury, for a speculated $16.5 million following an off-market campaign.
Seller Jinshan Asset Investments outlaid $6.47m in 2015.
Prior to that, the land was owned separately by the National Spiritual Assembly of the Baha’is of Australia and Fort Knox, another self-storage provider.
Canterbury, one of Melbourne’s more exclusive suburbs, is about 11 kilometres from the CBD.
Storage giant expands in Canterbury
National Storage paid $23.485m in 2019 for the 2864 sqm property next door – 319-329 Canterbury Rd – which now accommodates a 5900 sqm multi-level complex (story continues below).
It is expected to extend into #315-317.
Savills’ Julian Heatherich and Benson Zhou were the agents.
The deal comes a year since rival Kennards outlaid $5.23m for three properties abutting an Abbotsford facility.
Also in that suburb, in 2023, Carl Sachs, a private operator in this sector, bought the old Kodak headquarters with plans to extend it for a c10,400 sqm facility.
Subscribe to our newsletter at the bottom of this page.
