20 Heaths Court, Mill Park

A HIGHLY POWERED COLD STORAGE INVESTMENT WITH SHORT 1.5 YEAR WALE TO ASX LISTED ‘SPC GLOBAL LIMITED’!

Jones Real Estate is privileged to present this exceptional cold storage and high-powered industrial investment, underpinned by a secure lease to ASX listed ‘SPC Global’.

With anticipations of positive rental reversion, this low site coverage, short WALE industrial investment presents significant potential for value creation for the incoming purchaser.

20 Heaths Ct, Milll Park is being offered For Sale via International Expressions of Interest, closing 7th May 2025 at 12:00 PM (AEST).

Key features of this investment opportunity include:

– 1.5-year WALE presents an ideal opportunity for value-add investors or owner-occupiers seeking to reposition or redevelop.

– Securely leased to ASX-listed ‘SPC Global Limited’ providing a strong income stream backed by a nationally recognized tenant.

– Generating $1,541,700 per annum (net)**, underpinned by a well-established and long-standing tenant with fixed 3% annual rental increases to ensure steady income growth, with a market review on optional terms (if exercised).

– High-capex cold storage facility with significant tenant investment (2018/19), ensuring state-of-the-art infrastructure and turnkey potential upon lease expiry.

– Exceptional power capacity with two on-site substations (1x 1MVA + 1x 2MVA), catering to high-energy users and specialized operations.

– 11,420 sqm* gross building area with only 45% site coverage, allowing for operational flexibility and future expansion opportunities.

– Strategically positioned on a 2.4ha* landholding just 3km* from the Metropolitan Ring Road, set to benefit from the North East Link project, enhancing connectivity between key industrial hubs.

– Commercial 2 zoning (C2Z) provides flexibility for a diverse range of future uses and long-term development potential.

– Prime logistics and distribution location with direct access to Melbourne CBD, Port of Melbourne, and Melbourne International Airport. Surrounded by major retail amenities, including Woolworths-anchored Rivergum Shopping Centre and Westfield Plenty Valley just 1.2km* away, offering unmatched convenience for employees and future users.

*Approx.
**Plus GST & Outgoings

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.