Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Queanbeyan Childcare Centre, aa high performing 84 place childcare centre, currently trading at 99% occupancy, generating $742,000 FY23 EBITDA, recently refurbished, offering significant upside potential

Expression of Interest Closing Wednesday 20 December 2023

• The asset is an exceptional 84-place long day care childcare leasehold opportunity generating $742,000 FY23 Normalised EBITDA
• Current daily fees of $155 (0–2), $155 (2–3) and $155 (3–5)
• FY24 Pro forma EBITDA potential adopting current fees at 85% hold utilisation $740,000
• FY24 Pro forma EBITDA potential adopting current fees at 95% hold utilisation $1,100,000
• Long term average weekly utilisation track record (December 2021 – October 2023) of 81%
• Very sustainable passing rent of $3,800 / place (9.4% of revenue)
• 30 years lease term remaining, expiring 2054
• High demand defined catchment area fundamentals reflecting 3.3:1 (Demand: Supply Ratio)
• Recently refurbished, offering a true walk-in-walk-out opportunity
• Easy management centre

"A very high quality, strategically located centre with significant upside potential, a unique opportunity which wont be repeated"