Managed Storage EIS Fund No. 3

Closed for new investment

Fundraise of over £6.6 million completed in March 2018: Following a successful fundraise of £6.6 million, the investee companies have been in the acquisition and establishment phase for two larger managed storage sites.

Storage (Pennines) Ltd

As previously advised, the Company purchased a site near Old Trafford football ground, Manchester. Obtaining planning permission became protracted and was eventually granted on appeal which delayed commencement of the build.

We are pleased to report that the construction is progressing very well with the main contractor expected to achieve practical completion in early May 2021. Thereafter, it will take approximately two months to complete the internal storage fit out before the facility is fully operational.

Please visit www.surestore.co.uk for further information.

Ongoing costs and charges

Investors do not pay an annual management charge. Instead, the investee companies pay the Fund Manager 2% p.a.

Investors pay an annual custodial fee to the Fund’s Custodian. This is deducted form the amount set aside when they originally invested.

Up until April 2021, the Custodian was The Share Centre who charged £55 p.a. per holding on a quarterly basis (with the last payment made in April 2021). 

From April 2021, the Custodian is Woodside Corporate Services who charge £35 p.a. per investor plus VAT.

Download a copy of the Investment Management Agreement

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.