JLL Capital Markets team, is pleased to offer 28 Jones Road, Brooklyn for sale, one of the only container parks of scale in Melbourne’s West.

This asset presents a unique opportunity to acquire a highly sought-after container park facility in the infill precinct of Brooklyn. Situated on a 7ha* landholding, the asset features over 5ha* of hardstand, modern office, high clearance warehouse & workshop.

Underpinned by proximity to the Port of Melbourne, the property offers exceptional arterial road access & is strategically positioned in the land constrained inner western industrial precinct. The container park use is future proofed by the ongoing investment in the Port of Melbourne & surrounding infrastructure projects that will continue to drive demand for container park facilities in the Melbourne industrial market.

The asset is 100% leased to Cosco Shipping offering a WALE (by Income) of 8.93 yrs (as at Apr-24) & net passing income of $1,739,411p.a, ($25/sqm site area).

Investment Highlights:
•   2018 purpose-built container park with 53,467sqm* of container-rated hardstand
•Total 100-tonne container hardstand of 2,745sqm*
•Total GLA of 4,431sqm*
•Total land area 70,032sqm*
•Container storage capacity of approximately 8,500 TEUs
•Ability to purchase below underlying land value
•Long-term lease to one of the world’s largest shipping companies

For Sale via Expressions of Interest closing Thursday 16 May 2024 at 3pm (AEST)
 
*approx.


AAA leased covenant – 100% occupied by COSCO Shipping with 8.9 year term certain (as at April 2024)
Prime inner west landholding of 7ha* with exceptional arterial road access
Significantly under rented with a passing income of $1,739,411p.a* ($25/sqm site area)