A farming family in Redditch, England, has converted some unused agricultural buildings on its Weights Farm property to self-storage. After securing £340,000 from Barclays to finance the project, the family recently launched Reddistores Self Storage Ltd. with more than 200 units, according to the source.
The facility offers units ranging from 25 to 380 square feet, individual access codes and closed-circuit television for security. It also offers shipping-container storage.
“The new business venture is a diversification from the family farm based at Weights Farm. I already run a successful skip-hire [container-based waste disposal] business, but spotted an opportunity to develop some unused buildings on the farm to generate another revenue stream,” Adam Wood, managing director at Reddistores, told the source. “With units available from £12 a week, we have storage solutions for both domestic and commercial customers.”
"By really understanding the business and the industry sector, Barclays has been able to provide a funding package to support Reddistores Self Storage Ltd. throughout this exciting new venture,” added Neil Barnes, relationship director at Barclays. “A £340,000 investment in the new premises demonstrates both Barclays’ and Reddistores’ confidence in the success of the business. They have created a top-of-the-range storage facility, creating great accessibility for cars and vehicles, fully heated with 24-hour alarm monitoring.”
The self-storage facility’s parking and loading areas have enough turnaround space for a tractor-trailer and can accommodate the loading of two vans simultaneously, according to the company website. Reddistores also offers a full range of boxes and packing supplies.