Developer Mammoth Property Investments unveils storage plan
The project by Mammoth Property Investments would fill a gap in the Qld market, where demand is outstripping supply, and would be rolled out in several stages.
Gympie
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Gympie residents with an excess of clutter, or a lack of space, may soon have a new safe place to keep their belongings with plans for a “mammoth” new storage centre near the city.
Developer Mammoth Property Investments has unveiled its plan for a self-storage centre boasting more than 800 sheds to be built on a 2.8ha vacant block near the Bonnick Rd dump.
The plan is for the sheds to be built in four stages.
The first stage would involve building 246 of the sheds.
Another 224 would be added in stages two and three each, and stage four would finish off the complex by adding 140 more.
However the application says the development of progressive stages might not happen in that order.
The developers say the proposal would fill a gap in the market as “demand for storages space across Queensland continues to outstrip supply”.
The surge in demand had grown on the back of “expanding e-commerce, pandemic-induced lifestyle, as well as work changes”.
It says a report by the Self Storage Association of Australasia published in December 2022 “indicated a surge in demand for self storage was driving record performance in the sector”.
The average facility in the country was about 91 per cent full, the report said.
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“The state of the housing market, as well as the continued disruption from Covid and the rise in working from home, have led people to seek self-storage as they downsize, declutter, move interstate, and make space for permanent home offices,” the report said.
This would continue given the expected high level of interstate migration, the return of overseas migrants, and increasing retirement and death rates in the country.
The proposed site is in an industrial area, with an Australia Post warehouse and Gympie’s main tip are among its neighbours.
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