Completed sale
Storage Rental Kirkcaldy
A Kirkcaldy storage business that had operated from the same site for more than 60 years has been sold to Fife Group, another storage operator with more than six decades of its own history in Fife.
Storage Rental Kirkcaldy provides secure storage for domestic and commercial customers from its 27,400 sq ft freehold site. The facility was operating at around 95% capacity, with the majority of customers rolling their rentals forward year after year.
Fife Group already operates self-storage facilities across Fife, including in Kirkcaldy, and came through Knightsbridge’s research. The sale completed in under seven months and achieved the value and deal structure owners Ian and Lorraine Birrell were looking for.
Commercial Executive Helen Bainbridge guided Ian and Lorraine through the transaction. Lorraine later described Helen as “so professional, honest and polite during the whole process of completing the sale of our business”, adding that they shared “an exceptional rapport” throughout.
The sale allows Ian and Lorraine to retire and move to Australia to be closer to family, with Storage Rental Kirkcaldy now under Fife Group’s ownership.
Lorraine added: “We would highly recommend Helen to all, you will not be disappointed.”
The Knightsbridge team wishes Ian and Lorraine every success for the future and Fife Group continued success with Storage Rental Kirkcaldy.