2 Fogarty Street,
Williams Landing, VIC 3027
Medical & Consulting • Shops & Retail • Other
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
2 Fogarty Street
Williams Landing, VIC 3027
Map of 2 Fogarty Street
Strong Trading Childcare Investment
- 15 year Net Lease + options to 2064
- Fixed 3% annual rent increases
- Consistent occupancy of over 95%
+ 15 year net lease to Explorers Early Learning to 2034
+ Three further terms of ten years to 2064
+ Explorers Early Learning: high-end provider with 15 centres across Melbourne
+ Tenant pays all usual outgoings
+ Fixed 3% annual rent increases with market reviews at the commencement of each further term
+ As new child care facility, licensed for 168 LDC places
+ Consistent occupancy of over 90%
+ Strategic 2,900 sqm corner site with favourable “Priority Development” zoning, 420 metres from Palmers road / Princes Freeway intersection, 600 metres from Safeway anchored Williams Landing Shopping Centre and only 20km from the Melbourne CBD
+ Significant depreciation benefits
+ Wyndham City: one of Australia’s largest growth areas, with forecast population of 512,591 residents by 2041 (70% increase)
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $521,683pa (as at June 2021)
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne
+ Three further terms of ten years to 2064
+ Explorers Early Learning: high-end provider with 15 centres across Melbourne
+ Tenant pays all usual outgoings
+ Fixed 3% annual rent increases with market reviews at the commencement of each further term
+ As new child care facility, licensed for 168 LDC places
+ Consistent occupancy of over 90%
+ Strategic 2,900 sqm corner site with favourable “Priority Development” zoning, 420 metres from Palmers road / Princes Freeway intersection, 600 metres from Safeway anchored Williams Landing Shopping Centre and only 20km from the Melbourne CBD
+ Significant depreciation benefits
+ Wyndham City: one of Australia’s largest growth areas, with forecast population of 512,591 residents by 2041 (70% increase)
+ Childcare/Early Education is an essential service and one of Australia’s most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $521,683pa (as at June 2021)
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne
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Property ID: 503805270Last Updated: 14 Jul 2021
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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