Bath set to welcome new self-storage hub following £5.2m investment
Self-storage operator StoreAway has secured £5.2million in investment to open a new storage facility in Bath town centre.
Launching just four months after the brand’s flagship site in Liverpool, the 27,000 sq. ft London Road facility will be home to 245 lockers across two floors in what was formerly a furniture storage depositary.
The announcement comes as part of the UK drive by StoreAway to reinvent more than a quarter of a million sq. ft of redundant retail space across the country’s highstreets into convenient storage space.
StoreAway allows users of the service a chance to take control of their storage needs via a smartphone app, where they are able to book a space, arrange a drop-in time to visit their designated locker, with the process even allowing shared access with friends and family to offer a completely tailored approach.
Supporting the launch and operations of each site is leading independent storage consultancy Engage.
After opening its doors in Liverpool in May, StoreAway launched its Cheltenham site weeks later, before opening its doors in Birmingham on September 19th. Further sites have been confirmed in Basildon and Swindon with plans to open later next year.
Managing Director of StoreAway Richard Lanyon, who has more than 30 years of experience as a Chartered Surveyor with a UK property investment focus, said, “As StoreAway’s fourth opening, the Bath site is in a prime spot that is enriched in heritage and close to many residential areas. It’s also on a busy street where businesses trade, with the added benefit of goods access and loading bays, as well as a functional goods lift.
“We have secured investment from Nash Business Capital to make this happen and despite being in the early stages of our business growth, we are embracing the challenges that come with transforming redundant retail space. We have ambitious plans to expand our nationwide portfolio over the next three years with a clear view of creating a stand-out brand within towns and cities across the UK.”
Christian Yates, Co-founder of StoreAway, said, “StoreAway is the first concept of its kind to be found in urban settings across the UK. We offer our customers a diverse way of storing their possessions, whether they’re moving home and need somewhere to store their furniture, a business needing some extra space for paperwork or stock, or a student looking for somewhere to store their belongings while they’re travelling for summer. There’s something for everyone in every walk of life.
“This concept is perfect for those seeking flexibility because our lease options give people control of their storage and it allows them to find what works best for them. Ultimately giving them control over their own time, space and routine, all while being on their doorstep.”
Pictured above: The premises on the London Road
