Strong Trading Childcare Investment

2 Fogarty Street, Williams Landing VIC

Property Highlights

15 year Net Lease + options to 2064
Fixed 3% annual rent increases
Consistent occupancy of over 95%
Register to Bid

Description

+ 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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
2,900 SQM
Building Area
1,086 SQM

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