How much does self storage cost?

Are you are one of the many people who are currently thinking about using the services of a self storage company in the UK?  If so, one of the first questions you might be asking yourself is ‘How much does self storage actually cost?’

In these days of economic woe, and the fiscal tightening of real and imaginary wallets; the cost of services has become more important than ever when selecting any service, or the purchasing of any product.  This seems especially important when you consider that the costs involved with moving home have spiralled upwards over the last few years.   Nobody wants to pay over the top prices for any service or product; at Lok’nStore we agree with this notion 100%.

Lok’nStore guarantees householders and businesses the lowest priced self storage

Self storage

Lok'nStore: The big friendly storage company.

Here at Lok’nStore we offer the cheapest local self storage for householders and businesses alike.  How do we know?  Because we check our prices every day to make sure. We are confident that we will provide you with the lowest prices around, but should we have missed something (we are only human after all), give us a call and we’ll guarantee you a cheaper price than any similar local storage company offers.

Storage at a Lok’nStore facility is also cheaper because you will only ever pay for the storage you use.  What do we mean by this?  I’ll explain:  If you rent a storage room or unit from us, and you find that after a few weeks or months that you have gradually moved your belongings out, you can swap that unit for a smaller one: thus reducing your costs!  This is doubly important for businesses that may have different amounts of stock coming and going.  At Lok’nStore you will also not have to sign any long contracts for any storage space you rent. For a business this is superb.  You can expand and contract your storage space as your business requires.

To find out how much a Lok’nStore storage unit costs at one of your local facilities, please call on FREE PHONE 0800 587 3322 or visit the self storage locations page at www.loknstore.co.uk

You can also get a no pressure quote or even book online at our website if you should wish to do so.  Lok’nStore prides itself in offering cheap, secure and friendly self storage at 22 locations across the South East of England.

Self storage

A little bit of extra space offered by a self-storage unit can make life easier on a day-to-day basis for most homeowners. Having room to breathe, organize, relate, work and play at home brings peace of mind and freedom to solve life’s bigger problems. Here are 10 ways self-storage units can help with household issues:

1. Not enough room for day-to-day items

Limited space inspires creative problem solving, but even the most organized of homeowners can run out of space at some point. Freeing up space within your closets, rooms and garage will literally give you breathing room.

2. Saving family heirlooms and hand-me-downs

Perhaps you are struggling like many families to find space to keep valuable antiques or heirlooms to pass on to their children and grandchildren. Or your family is young and you’re living in a smaller home, hanging on to hand-me-down clothes and furniture for growing children and future new arrivals. Even if you just want to hang on to valuable personal belongings that don’t suit the current décor of your home, a self-storage unit can provide the “archival” space you need to keep valuable space in your home free for new growth and change.

3. Downsizing to a smaller home

If you are reducing the number of bedrooms, basement or attic space where you can store extra furniture, a storage unit is a great place to store extra mattresses and bed frames, dressers and mirrors, coffee tables and couches, and TVs and stereos.  A new home, condo or apartment can come with appliances and furniture that you already have. Until you have time to sell or donate your unwanted appliances, or if you wish to keep them until you’re sure what your plan is, a self-storage facility can be an ideal option. A drive-up garage-style self-storage unit works well for storing an extra car, motorcycle, truck or van.

4. Extended absence

Being able to take a long trip without paying rent or a mortgage can free you up to explore the world, or give you peace of mind as you leave for military deployment or temporary work assignment. Self-storage units are an affordable way to be flexible and adaptive during these extended absences.

5. Life in limbo

Whether you’re caught between two house closings, living in the upheaval of major renovations, or a student preparing to move home for the summer, a self-storage space can be a convenient answer for storing your belongs in the interim.

6. More room for toys

If you love the outdoors, you probably have lots of equipment that you use during certain times of the year. A self-storage unit can give you the extra square footage you need to keep the bikes and golf clubs accessible while keeping room in your garage for toys you use frequently or all year long.

A self-storage unit is a great place to store:
• Boats, inner tubes, rafts, canoes or kayaks
• Camping and climbing equipment
• Skis, snow boards or surf boards
• Jet skis, ATVs and other small-engine vehicles
• Golf carts and clubs
• Recreational vehicles (RVs)
• Classic and show cars

For hobbyists, a self-storage space can mean more room to keep:

• Photos and photography equipment
• Musical instruments and DJ / production equipment
• Collections of books, magazines, wine, comic books, collectibles, videos, etc.
• Craft and hobby supplies

7. Selling a home

As you prepare to sell a house, a self-storage unit can be useful in hiding away personal belongings for proper staging.

8. Seasonal storage

A self-storage unit can be used to store away household items you only during certain times of the year, such as:

• Artificial Christmas trees and holiday decorations
• Patio furniture
• Pool equipment and supplies
• Lawn mowers and other yard equipment
• Off-season clothing and outerwear

9. Offsite security

Storing copies of important documents and data in a separate physical location is a smart idea. In case of flood, fire or other catastrophic damage affecting your home, having a second set of medical, legal, financial and insurance-related documents, as well as backups of computer hard drives and software in your self-storage unit can prove critically important.

Keeping a stock of canned and other non-perishable food, a generator and other emergency supplies can be beneficial not just in your home, but also in a self-storage unit, especially in areas prone to natural disasters.

10. Paying the bills
If your home is also your place of business, a self-storage unit can give you the equivalent of an inexpensive warehouse to store:

• Inventory for home-based businesses
• Home office supplies
• Farming equipment
• Saws, tools and equipment

Lok’Storage facility managers are pros at putting self-storage space to the best use. Be sure to ask them any questions you may have about making your extra space work for you.

Beautiful under stairs storage

Under the stairs storage.

Beautiful under the stairs storage.

One of the least used areas for storage in the home is under the stairs.  Home of the hoover; the dust pan and brush and numerous pairs of welly boots, the cupboard under the stairs has long been a much maligned area of potential storage beauty.  One of the best looking and loveliest storage ideas we have seen is this idea by Oyster Works.

Based on a traditional Japanese design, these pull out draws are fitted under the stairs to make a practical, yet good looking solution to de-cluttering.


Property rental and the storage issue

Most of us, at some stage in our lives, will have to rent a property to live in.

Whether short or long term; house or flat, most of us have had to rent a property at one time or another.  For the next few years we may even see more and more people renting as the deflated housing market, and lack of credit prevents most of us from doing what we all ultimately want to do – buy or own, our own house or flat.  But until we can buy, many of us will; for the moment, have to keep renting.

Small houses and self storage

Self storage can help if you live in a small property.

One of the many issues with renting a property can be the period between rentals.  What do I mean?  Well say you are moving out of a flat you are renting during the first week of the month, but you can’t get into the lovely new house you are renting until the end of the month – what do you do?

Where are you going to put all your furniture and belongings over the three weeks when you temporarily have no home?

Self storage at Lok’nStore is the solution to your problem.  Rent one of our storage units for the few weeks you have no home.  You can put all your furniture, personal belongings, and goods into one of our low cost storage units until needed.  Remember: at Lok’nStore you only pay for the storage space that you use – and you can rent storage from as little as one week!  Unfortunately you’ll still have to go and stay with your Uncle Jeff’s until you can get the keys for your new house, but as least you will know that your furniture is safe.

One of the other reasons you may need storage space at Lok’nStore is because the flat or house you are renting might be the tiniest property in the world!  The property I’m living in at the moment has no built in storage space at all:  not a single cupboard under the stairs; loft, garden shed or broom cupboard.  This is a very common problem when renting, and one that can easily be solved by using the services of Lok’nStore.  A small storage unit at one of our centres would give you more space in your home, at a fraction of the cost of renting a bigger home.

Don’t forget – renting space at Lok’nStore, is cheaper than renting more space with a landlord!

Have you also noticed how rental properties never, ever seem to have enough storage space?  I recently looked at a property to rent where the landlord had filled the attic with his furniture and goods – leaving a padlock on the hatch so nobody else could use it.  This meant the property (I didn’t rent it for obvious reasons) had absolutely no storage space of its own.  Another case I know of featured a friend of mine who rented a property where the landlord had left sealed boxes containing his own personal belongings on the tops of the wardrobes!  Both of these situations could have been resolved by the landlord using a Lok’nStore self storage facility to store away their goods and personal belongings.  This would also make the property look larger and more airy when looking for new tenants, but it would also guarantee that the landlord’s goods would be safely locked away from prying eyes.

So you see there are many ways that storage when renting can benefit both the tenant and the landlord.  If you are a landlord or a tenant and you think that Lok’nStore can help you to create more space, give your local facility a call today for a chat, or visit our website at www.loknstore.co.uk for more details and information on our services.

Keep house moving costs down with Lok’nStore storage

Moving house has always been a very expensive venture. Expenses such as estate agency fees, surveyors’ fees, conveyancing and mortgage arrangements all add up to a large sum.  Add to this the cost of a removal van or company, and boxes and packaging items, and it’s easy to see how your home moving costs could soon escalate.  In fact; new research carried out by Lloyds TSB has revealed that the cost of moving house has increased significantly over the past decade.

They have revealed that the average cost of people moving from one home to another has gone from £5,290 in 2001 to a whopping £8,922 in 2011.  Arranging a mortgage has increased by a huge 252 per cent, while estate agents fees have gone up by over 64 per cent over the last ten years to an average of £3,377.  Figures in the South East suggest that householders have really been hit with their moving costs more than doubled.

So basically it’s looking tough out there for anyone who is about to buy or sell a property in the UK in 2012.

But it’s not all bad news on the home moving front.

If during your home move, you think you’ll need the services of a self storage company, there’s plenty of good news.   Despite the rising costs of moving home; Lok’nStore can guarantee ‘you’ the lowest priced self storage services in your area.  We know we have the lowest prices because we regularly check to make sure we are offering ‘you’ the lowest priced self storage around.  Lok’nStore self storage offers the best prices, the best services and the friendliest, most knowledgeable staff in the industry.

How Lok’nStore helps starter businesses

We all know that starting up a new business is tough at the best of times, let alone in this economy, but if part of your business plan means that you’ll need self storage or office space; then Lok’nStore flexibility can help you.  Whatever your business needs, we’ve got the right storage, at the right price.

No hidden extras at Lok’nStore:  Just your storage cost and insurance.

When starting up a new business, keeping your initial outlay as low as possible is very important, and at Lok’nStore we guarantee you the best self storage rate available locally – and our prices include VAT.  Most other storage companies do not charge VAT, but will quote a similar price for their business storage as Lok’nStore – meaning the real cost to your business is less at Lok’nStore because you can claim back the VAT!  We also appreciate at Lok’nStore how any business needs to have a degree of flexibility available: nobody wants to be tied into long term contracts or leases, and so all our storage units can be changed for a larger or smaller space as your new business expands or contracts – ‘you’ are in charge of ‘your’ storage space.  With just 7 days notice you can easily move your stock, pallets or goods to another size storage unit, meaning that you only ever pay for the space you are using.

We care about security at Lok’nStore.

With your storage at Lok’nStore, comes the peace of mind that your goods, stock or documents are locked away safely and securely.  Lok’nStore takes security very seriously – we have 24hr security and CCTV at all our storage facilities, with staff permanently on site during all opening hours.  Your storage unit is ‘safe and secure’ at Lok’nStore: only you have a key to the lock on your storage unit.

How can Lok’nStore help ‘you’ set up your new business?

Lok’nStore can help any business find the right storage solution.  We have multiple types of business storage available including:

• Pallet – store a single pallet or thousands of pallets: whatever you need.

• Mini-warehousing – 500 sq ft to 10,000 sq ft.  Choose Lok’nStore and you’ll get warehousing space that’s tailored to suit your exact requirements. And you’ll get your palletised goods stored for you in steel units or open areas, from as little as £2 per pallet, per week with free handling!

• Archiving, records and document storage.   With our self service archives you get secure private document storage room – racked out – for your important paperwork.

• Individual storage rooms, with steel doors, ranging in sizes from 25 sq ft to 1,000 sq ft.

• National Accounts – Should your new business get so big that you need storage at multiple locations, Lok’nStore can set up a National Account for you, using any of our storage facilities at over 20 locations.

• Low cost office space to rent and let; from just £5 per day! Affordable, flexible office space that suits your business, and doesn’t break the bank.  You won’t need to pay rates or utilities on top, and with weekly, 4 weekly and annual terms available, you can easily change your office space as your business grows.

What next?

For more free, friendly advice on Lok’nStore storage and office rental services; that can help your new business get started – call our facilities 0800 587 3322 or visit us at loknstore.co.uk Regardless of whether your new business is big or small, we’ll help you to choose self storage that suits you, and most importantly; your budget.

Self Storage at Lok’nStore Portsmouth

Have you ever wondered what the large orange building is; that you can see from the M275 as you approach Portsmouth?  If you were to leave the motorway at the Rudmore Roundabout exit, you would find Lok’nStore’s self storage centre at Rudmore Square.  Lok’nStore have been providing self storage services in Portsmouth since 1999, and moved into this modern, purpose built facility in 2007.  Catering for both homeowners and businesses, Lok’nStore Portsmouth has rapidly filled with customers, providing them with low cost, secure storage solutions.

Customers both household, and business use Lok’nStore’s facilities for a wide range of reasons.  It maybe that a householder is having construction work completed on their property, and they need to store furniture whilst the builders are in.  Or they might be in-between renting, or buying a property that they can’t move into yet, and need somewhere to store all their household belongings. Many local and national businesses also use Lok’nStore for seasonal stock, filing, document archiving or even mini-warehousing and pallet storage.

If you think you need the help of Lok’nStore, for either household or business self storage; then please give us a call:  Lok’nStore has the most knowledgeable and friendly staff in the industry with 21 centres across the south east, and we will be able to help you!  If you would like to discuss self storage, please speak to the centre manager: Erica Gibson, or her staff at our Portsmouth facility by calling:  02392 876783 or drop in for a visit at any time during the centres 7 day opening hours.  Lok’nStore also has storage facilities just down the road in Fareham and Southampton, should they be more convenient for you.  For details on all Lok’nStore services and locations, please visit our website at www.loknstore.co.uk and we hope to see you soon.

Lok'nStore Portsmouth

The big orange building is: Lok'nStore Self Storage.


Solar Panels at Lok’nStore Poole

Following the news last month that the Lok’nStore facility in Poole, Dorset had installed solar panels on their roof, we thought we should go down and take a look for ourselves.

The panels have been fitted in line with Poole County Council’s Sustainability and Carbon Reduction objectives, the 210 solar panels will help further reduce Lok’nStore’s carbon footprint by generating over half of the store’s entire electricity needs over the course of the year. It is estimated that the initiative could save 20 tonnes of CO2 per year. Lok’nStore “The Big Friendly Storage Company” is fully committed to improving its impact on the environment and has engaged Trucost, the environmental consultancy, to monitor its performance over the last seven years with annual audits. Lok’nStore has successfully reduced the impact of greenhouse gases by over 60%, from a peak of 1227 tonnes CO2e in 2007 down to 485 tonnes CO2e in the year to July 2011.

Lok'nStore Poole

Solar panels on the roof at Lok'nStore Poole.

Lok’nStore Self Storage: Safe and secure

As some of you may have seen on Christmas Eve – we had a full page spread in the financial section of the Daily Mail.  The full article is attached for those of you who have not yet seen it.

Recession resilient is how chief executive Andrew Jacobs describes his business, the self-storage group Lok’nStore.

‘We have shown we can thrive and survive in an economy that grows at only half a per cent or doesn’t grow at all,’ he said.

Indeed the company has proved its mettle in coming through the economic maelstrom of late 2008 and 2009 in better shape than when it went in.

LoknStore: Safe and secure.

Resilient: Lok’nStore has proved itself by coming through the downturn in better shape than when it went in

Certainly, costs are significantly lower. And its ability to turn off the capital-expenditure taps when the worst of the financial crisis struck has turned Lok’nStore into a hugely cash generative business.

The latest set of results bear this out, as does the dividend payout which equates to an annualised yield of 2.9 per cent.

The company’s trademark orange-liveried stores – which make them easy to spot by customers and potential punters – began to sprout up in the mid 1990s.

In little over a decade the group built up its impressive portfolio. It runs 22 self storage depots, 21 of them owned, while one is managed on behalf of another investor. A total of 11 stores are freehold, which means the business is asset backed, while ten are leasehold.

Excess funds were always reinvested into the business as it expanded the estate of self-storage facilities, which tended to mask Lok’nStore’s underlying ability to generate substantial cashflow. The watershed in the strategy came in 2008 when it saw the first signs of recession.

In 2007 it had sold two stores for a large profit, which helped, and it was also able to ‘roll short’ the interest rates on its debt. This meant the group almost immediately felt the effects of the Bank of England’s cuts to borrowing costs as the financial crisis started to bite, saving further cash.

In the end, Lok’nStore seems to have sailed serenely through the recession to come out the other end in good financial shape. Turnover and profits fell 7 per cent and 10 per cent respectively in 2008/09, but have since recovered strongly.

Lok’nStore recently signed a new £40million revolving loan facility but has debts of about £25million, a modest 30 per cent loan-to-value ratio Of course, the economic climate has deteriorated once again with Europe in turmoil and the UK headed for what looks like a double-dip recession.

But Jacobs is confident that his company can cope. In fact, the warning signs just aren’t there this time around. ‘If I don’t read the papers, things are very comfortable at the moment,’ he added.

In June, the group acquired a document-storage business called Saracen for £4million, which is expected to be immediately earnings accretive. And the company is looking at other potential acquisitions, both in self-storage and document storage.

Organic growth, meanwhile, is also back on the agenda, although Lok’nStore is becoming very savvy financially in the way it is rolling out new stores. Two projects – one in Reading, the other down the road in Maidenhead – have the potential to be self-funding.

The site of the current Lok’nStore in Reading now has planning permission for a block of flats. This could be sold to fund the switch to brand new premises across the road.

In Maidenhead, the group is looking to incorporate a 15,000 square foot supermarket. This project is yet to gain the green light from planners. It is also working on ‘various ideas’ to help mitigate the costs of setting up shop in Southampton and Portsmouth, Jacobs revealed.

The shares, currently changing hands at 105p each, trade at a huge discount to net asset value, which was 229p at the end of July.

Panmure Gordon, the group’s broker, suggested that this gap should narrow as it set a price target of 126p a share.

‘We believe self-storage is a resilient business model in the current climate, and the ability for Lok’nStore to deliver price increases for its storage space and make material progress in profitability, despite unhelpful macro conditions, should not be underestimated,’ said analyst Paul Jones

De-clutter for the New Year!

Are you feeling a little squashed in, bloated and uncomfortable?

Did you over indulge a little during the holidays?

Have you found your home feeling slightly smaller after the Christmas festivities?

If the answer to any of these questions is yes; then you don’t need to join an expensive gym to lose weight: you need self storage at Lok’nStore!  It’s the start of the New Year and time to de-clutter your house or flat.  Over the Christmas period we end up with all these new gifts which take up valuable space in our already small homes, on top of the belongings that we already had before!  Surrounded by a sea of clutter; what can we do to make space?     

You can use your local Lok’nStore self storage facility to claim back that space.  We have local friendly storage centres at 22 locations across the south east including: Ashford, Staines, Farnborough and Harlow.

Putting some of the things that you don’t need all the time, but wish to keep, into a Lok’nStore self storage unit can provide you with a very cheap way of making some space at home.  De-cluttering your home has never been easier; call your local Lok’nStore for free help and advice on all things self storage

declutter your home with Lok'nStore

New Year: time to de-clutter your home. Lok'nStore can help you!

Happy Christmas!

Lok’nStore’s opening hours over the holiday season are:

Lok'nStore Self Storage

Lok’nStore would like to wish all their customers a Merry Christmas and a Happy New Year.

Book Or Reserve Self Storage Facilities

So…you have found a nice new house or flat, and are all ready to get in there as soon as possible; but you can’t quite move in yet, and need to store your belongings for a few weeks.  What can you do?  Your Uncle Jeff has offered you the use of his leaky garage for a couple of weeks, but do you really want to leave your valuable belongings and furniture in such a damp, unsecure place; even if it is free?  Can a Lok’nStore self storage facility help bridge the gap between your old – and new home?

Important questions for you to ask might be:

How long does my storage contract have to be?

You can store your household things at Lok’nStore for as long as you need, as there are no contracts or fixed dates. You can book a storage unit for one week, month, year or forever – it’s up to you! Lok’nStore do ask clients to give just 7-days notice that they are moving out beforehand, and this is easy to do. As far as moving into your storage space is concerned, in most cases you can come at any time during centre opening hours. If you plan to arrive at your self storage facility outside usual working hours:  we can do that for you too (just ask at your Lok’nStore).  You can also book and reserve self storage online, out of hours, with Lok’nStore.

How much storage space will I need? At Lok’nStore, our staff are self storage specialists, who can estimate the size needed for your belongings, so that they fit into one single storage unit. Should you book a self storage unit yourself, and later find that it can’t keep all your things, you can ask staff to change a larger or smaller storage unit. Such a change is made for free, and you’ll just pay the usual storage unit price. Also, as time goes on, you might want to store more, or less things. In this case, Lok’nStore will allow you to increase or decrease your storage space.

Is my stuff going to be safe if I leave it with you?

When using a Lok’nStore self storage unit or centre, you can be sure that no unauthorised people can access your self storage. ‘You’ have the only key to your storage unit, and even storage company staff can’t open the unit without you. When you visit your storage unit you will need to sign in at reception. Storage companies ask clients to do this for security reasons. You can come at any time during normal centre opening hours, as access is free and unlimited for customers.

OK… this all sounds good: how do I reserve a storage unit or room?

It’s easy!  Just reserve or book your storage unit online now or call us on 0800 587 332