2 Fogarty Street, WILLIAMS LANDING, VIC, 3027

+ 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

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