Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Cove Children’s Centre – Blue Cove (Cove Blue Cove), a best-in-class 43 place early learning centre located in a very strong and affluent catchment area, offering a rare walk-in -walk-out premium opportunity.

• Currently generating $232,600 FY21 EBITDA (net profit) trading at 64.4% (FY21 Average) occupancy with significant value upside remaining

• Located directly opposite Shell Cove Public School, with Blue Cove sharing the same pedestrian crossing with the school offering exceptional convenience to the local families enrolled at the primary school. Shell Cove Public School comprises 519 full time students and is located 20 metres directly opposite the childcare centre on Stradbroke Avenue.

• Current daily fees of $122 (3-5 year olds).

• Very affordable rental of only $3,000 per place ($129,000)

• 35 years of guaranteed lease tenure remaining comprising 15 years of locked in term certain period plus two 10-year option periods.

• The defined catchment area 0-5 year old compound annual population growth rate is 1.8% per annum over the next 10 years to 2031 which is 29% stronger than the NSW average and 38% stronger than the national average over the same period

• High proportion of dual working parents with dependent children

• Given the current occupancy of 73% which if held for the next 12 months would reflect a forecast EBITDA (net profit) of approximately $332,000

• For Sale individually or together with Cove Children's Centre Flinders (38 Places / 90.5% occupancy)