28 Jones Road, Brooklyn, VIC Brooklyn VIC 3012

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)