Peritus Childcare Sales; as exclusive leasing and marketing agents is pleased to present For Lease 2-4 Lago Street, Mount Sheridan (Cairns) QLD. The rare opportunity comprises a best-inclass, brand-new, super-premium 104-place early learning centre, supported by a robust demand:supply ratio of 2.1:1 (3km radius), current average daily fee potential of $168 being offered for lease on a full turn-key basis which simply requires resources and Service Approval.

Expression of Interest Open.

• 104 places
• High-quality improvements and fit-out, provided to the successful tenant on a full turnkey basis with the incoming tenant only needing to provide furnishings and resources.
• Sustainable asking base rent of $4,200 per place, reflecting an occupancy cost ratio of only 9%
• 15-year lease term-certain period with an additional 20 years of further options extending the secured lease term to 35 years
• Pro forma EBITDA (net profit) potential assuming an annual average 50% utilisation rate of approximately $180,000
• Pro forma EBITDA (net profit) potential assuming an annual average 70% utilisation rate of $740,000
• Pro forma EBITDA (net profit) potential assuming an annual average 90% utilisation rate of $1,300,000
• EBITDA margin potential (net profit margin) of 25%+