Peritus Childcare Sales, as exclusive leasing and marketing agents is pleased to present for your consideration 160 Merrigal Street, Griffith, a best-in-class, brand-new 93-place early learning centre which will be delivered to a successful tenant on a full turn-key basis.

Expression of Interest Closing Friday 23 May 2025.

• Brand new 93-place centre delivered on a full turn-key basis
• DA approval pending and construction completion estimated in mid- 2026
• Very Sustainable asking base rent of $4,000- $4,200 per place reflecting a rental occupancy cost ratio of approximately 9.5% -10%
• Conservative average daily fees adopted of $161 (current older competitor fees increased by 4.4%, with significant scope of higher fees given the centre will be the only brand new centre in the catchment area
• Current daily fees within the catchment area of range from $148- $158 with likely fees of $155-$165 on construction completion
• 15-year lease term-certain period with an additional 15 years of further options extending the secured lease term to 30 years
• High-quality improvements and fit-out, provided to the successful tenant on a full turn-key basis guaranteeing a best-in-class service offering within the catchment area
• Current Demand:Supply ratio of 4.5:1 reflecting significant demand (7km)
• Current Demand:Supply ratio of 4.2:1 reflecting significant demand (10-min Drive-time)
• 23,246 residents reside within the defined catchment area
• There is approximately 1,635 females aged 30-39 within the catchment area
• Pro forma EBITDA (net profit) potential assuming an annual average 90% utilisation rate of $860,000
• Pro forma EBITDA (net profit) potential assuming an annual average 95% utilisation rate of $1,050,000
• Pro forma EBITDA (net profit) potential assuming an annual average 100% utilisation rate of $1,200,000
• EBITDA margin potential (net profit margin) of 25%+