Peritus Childcare Sales, as exclusive Sales and marketing agents is pleased to present for your consideration 16-18 Upper Street, North Tamworth, a best-in-class, 2,063 sqm Development Approved (DA Approved) 120-place childcare centre development site with 24 on-grade parking (no basement).

Expression of Interest Closing Friday 16 May 2025.

• 120-place Development Approved childcare site
• Expansive 2,063 square metre rectangular shaped land holding comprising
• 40m frontage to Upper Street offering exceptional exposure and construction efficiencies
• Net Market rental potential of $432,000 - $456,000 per annum ($3,600-$3,800 per place)
• Current daily fees within the catchment area of range from $148- $158 with likely fees of $155-$165 on construction completion
• No basement parking (on-grade)
• Architecturally designed, simple two level build
• 3,510 0-5 year old children reside within the defined catchment area (7km radius)
• 43,644 residents reside within the defined catchment area
• Approximately 2,920 females aged 30-39 within the catchment area
• 19,998 local worker population within the catchment area
• Population growth rate of 0.7% p.a. over the next 16 years, taking the resident population from 43,644 (2025) to approximately 48,684 in 2041
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 90% utilisation rate of approximately $800,000 (forecast)
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 95% utilisation rate of approximately $1,000,000 (forecast)
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 100% utilisation rate of $1,200,000 (forecast)
• Total childcare centre construction cost estimate of $3,500,0000 (12/2023 Quantity Surveyor Report)