2 Fogarty StreetWilliams Landing VIC 3027
Property Details for 2 Fogarty St, Williams Landing
Last Listing description (May 2021)
+ 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
+ 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 History for 2 Fogarty St, Williams Landing, VIC 3027
- 12 May 2021Sold for $10,980,000
- 12 Dec 2019Listed for Rent - Price not available
- 05 Oct 2019Listed for Sale Not Disclosed
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0About Williams Landing 3027
The size of Williams Landing is approximately 3.8 square kilometres. There are 16 parks, covering nearly 33.0% of the total area. The population of Williams Landing in 2016 was 6646 people. By 2021 the population was 9448 showing a population growth of 42.2% in the area during that time. The predominant age group in Williams Landing is 30-39 years. Households in Williams Landing are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Williams Landing work in a professional occupation.In 2021, 58.20% of the homes in Williams Landing were owner-occupied compared with 66.30% in 2016.
Williams Landing has 4,227 properties. Over the last 5 years, Houses in Williams Landing have seen a 10.78% increase in median value, while Units have seen a 8.47% increase. As at 31 July 2026:
- The median value for Houses in Williams Landing is $789,145 while the median value for Units is $505,724.
- Houses have a median rent of $600 while Units have a median rent of $510.
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