Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Cove Children’s Centre – Flinders (Cove Flinders), a best-in-class 38 place early learning centre located in a very strong catchment area, offering a rare walk-in -walk-out premium opportunity.

• Currently generating $108,700 FY21 EBITDA (net profit) trading at 76.7% (FY21 Average) occupancy with significant value upside remaining

• Current occupancy of 90.5% (October 2021)

• 800 metres from Flinders Primary School (565 full time students)

• Current daily fees of $134 (0-2 year olds) and $122 (3-5 year olds).

• Very affordable rental of only $3,250 per place ($123,500)

• 20 years of guaranteed lease tenure remaining, extending to 31 October 2041

• The defined catchment area 0-5 year old compound annual population growth rate is 1.5% per annum over the next 10 years to 2031 which is stronger than the NSW and the national average over the same period

• High proportion of dual working parents with dependent children

• Given the current occupancy of 90.5% which if held for the next 12 months would reflect a forecast EBITDA (net profit) of approximately $266,000

• 3.7:1 Demand:Supply Ratio at the suburb level

• For Sale individually or combined with Cove Children's Centre Blue Cove (43 Places)