Jones Real Estate Presents Prime Cold Storage and High-Powered Industrial Investment Opportunity

Jones Real Estate has this week brought to market an exceptional industrial investment opportunity at 20 Heaths Court, Mill Park. This high-capex cold storage facility is securely leased to ASX-listed ‘SPC Global Limited’ and offers investors a rare chance to acquire a high-performing asset with strong rental returns and future value-add potential.

The property is being offered for sale via International Expressions of Interest, closing on 7 May 2025 at 12:00 PM (AEST).

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

The asset is securely leased to ASX-listed ‘SPC Global Limited,’ providing a strong and reliable income stream backed by a nationally recognised tenant. Generating a net rental income of $1,541,700 per annum, the 1.4 year lease is underpinned by a well-established and long-standing tenant with fixed 3% annual rental increases, ensuring steady income growth. Additionally, there is a market review on optional lease terms if exercised.

This high-capex cold storage facility has undergone significant tenant investment in 2018/19, ensuring state-of-the-art infrastructure and offering turnkey potential upon lease expiry. The site also features exceptional power capacity, with two on-site substations providing a total of 3MVA (1x 1MVA + 1x 2MVA), making it suitable for high-energy users and specialized industrial operations. With a gross building area of 11,420 sqm* and only 45% site coverage, the property allows for operational flexibility and future expansion opportunities.

Paul Jones, Managing Director of Jones Real Estate, emphasised the strength of this investment and the high level of interest it is expected to generate.

“20 Heaths Court represents an outstanding opportunity in Melbourne’s tightly held industrial market,” Jones said.

“The combination of low site coverage and significant future rental reversion potential makes this a rare and highly sought-after offering. We are aware of many private investors and larger funds who are seeking assets just like this,” he concluded.

For further information or to arrange an inspection, please contact Jones Real Estate.

For more information visit: https://www.jonesrealestate.com.au/properties/20-heaths-court-mill-park-2/