Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration 8 Prospect Street, Leichhardt, Sydney, a robust, entry level, 32 place long day care childcare centre, boasting a 12 year lease term remaining, $3,400 per place and $176 Average Daily Fee.

Expression of Interest Closing Wednesday 13 November 2024.

• The asset is an exceptional 32-place long day care childcare leasehold opportunity located in the tightly held suburb of Leichhardt, strategically located near the corner of Prospect and Hay Street, approximately 300 metres from Norton Plaza Shopping Centre and Norton Street, the world class retail and dinning powerhouse high street
• Current daily fees of $180 (0-2), $175 (2-3) and $175 (3-5) offering further upside potential
• Sustainable rental with a passing base rent reflecting a 7.5% occupancy cost ratio
• 12 lease years remaining, offering exceptional terminal value and asset value protection
• Stable defined catchment area Demand:Supply ratio of 1.9:1
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $320,000 (adopting industry averages)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $370,000 (adopting industry averages)
• The centre offers a first-time operator the perfect opportunity given its robust fundamentals, very affordable rent, full refurbishment and exceptional location attributes