Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration 49-51 Orara Street, Waitara, Sydney,  a robust, entry level, 38 place long day care childcare centre trading at 92% occupancy, boasting a 28 year lease term remaining and $162 Average Daily Fee

Expression of Interest Closing Friday 8 November 2024.

• The asset is an exceptional 38-place long day care childcare leasehold opportunity located in the tightly held suburb of Waitara, within the epicentre of significant high density residential development
• Long term weekly utilisation track record averaging 96%
• Current daily fees of $165 (0-2), $165 (2-3) and $160 (3-5) offering further upside potential
• Sustainable rental with a passing base rent reflecting a 12.8% occupancy cost ratio
• Very attractive lease terms on offer with over 28 lease years remaining, offering exceptional terminal value and asset value protection
• Stable defined catchment area Demand:Supply ratio of 2.3:1
• Meeting NQS in all 7 Quality Areas
• FY 2024 Actual Normalised EBITDA of $217,000
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $250,000 (adopting industry averages)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $300,000 (adopting industry averages)
• The centre offers a first-time operator the perfect opportunity given its currently trading at 92% occupancy, with a long history of holding an average of 96% occupancy with a very affordable rent

“A rare opportunity to acquire an easy management, perfectly staffed, entry-level 38 place childcare centre, trading at 92% occupancy with 28 years left on the lease "