SA Self Storage Investments ('SASSI') introduced a new investment asset class to South Africa in 2005: the buy to let self storage unit. SASSI affords investors the opportunity to invest in this new real estate investment asset class.
SASSI’s investment strategy is built on that of traditional hotel development models, in that it seeks to retain a significant interest in all new developments. All new self storage facility developments are managed by SASSI’s own self storage management company and brand - StorAge. This means that the interests of all stakeholders - investors, SASSI and StorAge - are strategically aligned.
Investors have the opportunity to acquire self storage units and
Place the self storage unit/s into a rental pool to be managed by StorAge or
Utilise the self storage unit/s themselves or
Rent the self storage units/s out to the public directly
SASSI's first self storage development, Edgemead Self Storage Facility, situated in Cape town’s northern suburbs, sold out within weeks and since the launch investors are seeing returns of over 25% per annum. In addition, original owners are successfully trading out their investments by reselling their investments through SASSI to new self storage investors.
The recently opened City Vault Self Storage Facility, situated just outside Cape Town’s CBD and on a major arterial route, sold out in weeks and opened to customers in April 2008.
June 2008 heralds the launch of the N14 Self Storage Facility ('N14SSF') development. This is SASSI's first development outside of Cape Town and is the first of five new self storage facilities being rolled out throughout South Africa in 2008.