Seneca Partners already manage more than £33m in the Seneca EIS Portfolio Service and are now adding to that by providing investors with the opportunity to invest in the managed storage sector, whilst also benefiting from the tax reliefs afforded by the Enterprise Investment Scheme.
Seneca Partners have been invested in the storage sector since 2014, working alongside the first class management team who are responsible for managing our current portfolio of storage assets. This team have identified the opportunity to acquire a number of attractive freehold and/or long leasehold storage facilities to further expand the estate of storage assets that they manage.
The Seneca Managed Storage EIS Fund provides investors with the ability to invest in this expansion whilst benefiting from both the tax reliefs available under EIS and the underlying asset value represented by the freehold or long leasehold managed storage facilities.
We believe that the underlying fundamentals of the managed storage sector combined with the inherent asset backing of the storage sites has significant appeal. The sector benefits from low fixed operating costs, recurring revenues, low customer concentration and has also enjoyed increasing demand and yields in recent years.
With our management team having already reached heads of terms in relation to the first three target sites in which the Fund is looking to invest, we have targeted an initial fundraise of £10m.
Based on the interest we have received so far, we believe this offer will have strong appeal. If you would like any further information, please contact our EIS Team on 01942 271 746.
EIS investment is not suitable for everyone; your capital will be at risk and invested in unquoted stocks that are by their nature illiquid. If you are in anyway unsure as to whether EIS investment is suitable for you, please ask your financial and tax advisers for advice.