The asset is an exceptional 58 place fully refurbished long day care childcare leasehold opportunity currently operating at 77% occupancy.
- The centre offers prospective purchasers’ significant scope for value-add with downside risk protection given the existing operator has successfully “traded-up” the centre.
- The existing operator has spent $219,000 on the tenant’s fitout and resources, presenting to a best-in-class standard, offering prospective purchasers a true walk-in-walk-out opportunity.
- The centre is located in the historical Court House of Wyong, in the commercial and retail centre of Wyong, directly opposite Village Central Wyong, a Coles anchored neighbourhood shopping centre generating approximately $35m in moving annual turnover with 1.9m customer visits per annum.
- The subject childcare centre benefits from significant exposure from passing pedestrian and vehicular traffic and forms part of the core community town centre.
- The centre is located approximately 300 metres north of Wyong Railway station.
- Base rent of only $2,984 / place
- 17 years remaining on lease term (term certain) period expiring 2037
- 579 0-5 year old children reside within a 5 minutes drive time
- Potential EBITDA margin potential of 25%+
Current Daily Fees
$100
Current Demand: Supply Ratio
1.72: 1 (# kids for every # existing places)
Average Household Income
$64,101
Estimated Resident Population
7,133 (ERP)
153 (0-1)
177 (2-3)
187 (4-5)
517 (0-5-year-old children 5 Minute Drive-Time)
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Other opportunities
FOR SALE || Leasehold Interest (Business Sale) || Homebush || $147 Avg Daily Fee || 89 Place Centre || 13 Year Lease
FOR SALE || Leasehold Interest…