The transaction – which will see the Carlisle site rebranded as Kangaroo Self Storage Carlisle – was funded by equity from Kangaroo Self Storage and debt from its bank, HSBC.

Kangaroo Self Storage was advised by JLL, MBM Commercial LLP and Temple Bright LLP. Box Clever Cumbria Limited was advised by Baines Wilson LLP.

Chris Stevens, CEO of Kangaroo Self Storage, said: “I am really pleased to have found a like-minded business in Box Clever Cumbria Limited, and the addition of Carlisle as a location makes strategic sense to our existing portfolio of storage centres.

“The Carlisle store’s highly accessible situation off the M6 makes it immensely convenient for all customers and in particular our business customer base, supporting commerce between Scotland and the North of England.”

He added: “Together with my management team, I will look to continue our strategy of acquiring complementary businesses and adding new stores via organic growth to expand our capabilities. That, plus our ongoing commitment to provide value-for-money, high quality, secure storage rooms coupled with attentive service will enable us to continue to attract and retain customers – across the business, domestic, and student markets.”

Keith Graham, CEO of Box Clever Cumbria Limited, said: “We are delighted to have found such a knowledgeable and customer-focused buyer for the Carlisle business in Kangaroo. This transaction is good news for the people and businesses of Carlisle and the surrounding area.

“Customers will continue to benefit from the excellent and highly accessible storage facilities on their doorstep. Over the years, we have built an admirable team in Carlisle, and I am delighted to confirm that the team will support Kangaroo through the sale, with a member also joining the Kangaroo team full time as part of this deal.”