2-10 Bliss Court

JLL is pleased to exclusively present for sale 2-10 Bliss Court, Derrimut.

Positioned within one of Melbourne’s premium industrial and logistics precincts and benefiting from proximity to large residential catchments and servicing by unparalleled arterial connectivity via the Western Freeway (M8), Western Ring Road (M80), and Westgate Freeway (M1). 2-10 Bliss Court is perfectly situated to leverage the continued focus on last mile delivery and growth in e-commerce.

Key details of the opportunity include:

·       Offered with a WALE of 9.2 years providing investors with long-term income security and a strong running yield.

·       Passing annual net rental of $1,044,735 is considered approximately 16% below market.

·       The current improvements are in excellent condition throughout and are highly functional. The warehouse component provides an internal clearance of 7-9 metres and is fully (ESFR) sprinklered.

·       The underlying allotment provides investors with the opportunity to secure a land rich asset with future value creation upside.

·       The combination of occupier demand, coupled with limited current and future supply has seen rental growth across Melbourne precincts average 21%* over the past year.

2-10 Bliss Court, Derrimut is part of a two-asset portfolio that includes 91-97 Woodlands Drive, Braeside. The assets are available individually or in one line via an International Expression of Interest campaign closing Wednesday, 26 July at 3pm (AEST).

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.