Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration 80 Lincoln Street, Belfield, a robust, perfectly sized 54 place long day care childcare centre trading at 90% occupancy, recently extensively refurbished, boasting 33 lease years remaining.

Expression of Interest Closing Friday 27 September 2024.

• The asset is an exceptional 54-place long day care childcare leasehold opportunity located in the tighly held suburb of Belfield (16km west of Sydney CBD)
• 4-year weekly utilisation track record (July 2020 – August 2024) averaging 84%
• Current daily fees of $150 (0-2), $150 (2-3) and $145 (3-5) offering further upside potential
• Very sustainable and attractive rental with a passing base rent reflecting a 12.5% occupancy cost ratio
• Very attractive lease terms on offer with over 33 lease years remaining, offering exceptional terminal value and asset value protection
• Robust and stable defined catchment area Demand:Supply ratio of 3.4:1
• Meeting NQS in all 7 Quality Areas
• FY 2024 Actual Normalised EBITDA of $290,000
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $370,000 (adopting industry averages)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $485,000 (adopting industry averages)
• The centre offers a first-time operator the perfect opportunity given its currently trading at 90% occupancy, with a long history (4 year track record) of holding an average of 84% occupancy

“A rare opportunity to acquire an easy management, perfectly staffed, entry-level 54 place childcare centre, trading at 90% occupancy with 33 years left on the lease "