KSS April Edition eKourier 2025

PROPERTY

DEVELOPMENTS OUTSIDE THE STORAGE BOX

Kennards Self Storage has a history of integrating retail and fast food outlets into their property developments. For instance, our Penrith site underwent a two-storey extension along with the addition of three fast food outlets which are under Commercial Leases.

Above: Left - Artist Impression of Kennards Self Storage Craigieburn commercial precinct. Above right - Kennards Self Storage Craigieburn. Below left: Kennards Self Storage Roxburgh Park.

to be approved by Council very soon and construction documentation is underway. Craigieburn (VIC) Located in the north of Melbourne and next to Bunnings, KSS Craigieburn has been serving the local community since 2023, providing over 500 units and 16 Enterprise Spaces. Looking ahead, we are expecting to expand the centre with three additional storage buildings. In addition, we are also exploring the development of a commercial precinct, which will include a couple of retail outlets and fast food restaurants on the expansive vacant land situated between our existing self storage centre and Bunnings.

Roxburgh Park (VIC) In 2023, a new KSS centre opened in Roxburgh Park. This facility was converted from a HomeCo Centre and now offers more than 600 units upon the completion of Stage 1. Apart from the self storage centre, the site features several retail shops at the front of the building, including Nutrition Warehouses, Chemist Warehouse, a Medical Centre and Petbarn, all under Commercial Lease arrangements. There is a spacious car park with hundreds of parking spaces, the location of which is highly visible from Pascoe Vale Road. We are now working on a new commercial development for this area which will include three fast food restaurants featuring Red Rooster and El Jannah. The planning permit is expected

for fast food establishment Guzman y Gomez and anticipate receiving the permit for the retail shops very soon. Officeworks, BCF and Total Tools have already been confirmed as tenants.

Cranbourne (VIC) Another land area where we are

developing retail and fast food outlets is in Cranbourne Victoria. Located in Melbourne's southeast, the existing self storage centre is purpose-built, offering 674 storage units. The existing building also has a dedicated retail area and is currently leased to Nutrition Warehouse. Similar to the Craigieburn project, we are proposing to develop a couple of fast food restaurants and retail shops on the vacant land at the corner of Thompson Road and Whitfield Boulevard. The two fast food tenants, Soul Origin and El Jannah, are incorporating drive-thru features and will benefit from great exposure to those two major roads. The Planning Permit has been granted by Council and we are finalising the construction documents to commence. Michael Macheledt, Craig Henery, Felicia Yu, Michaela Endicott and Richard Dib Property Development Team

We have obtained the planning permit

12 Kennards Kourier April 2025