Peritus Childcare Sales is pleased to present 28 and 30 Railway Parade, Glenfield. The centre is strategically located 500 metres from Glenfield Railway Station, with a $417,000 landlord contribution towards the external playscape. The lease is extremely tenant favourable with 6 months gross rent free (nil rent or outgoings). The centre is located within a very strong catchment area with a Demand:Supply ratio of 3:1. The centre is located 280 metres from Glenfield Public School.

LEASED

• 139 place centre
• Approaching Occupancy Certificate
• Full turn-key with the landlord contributing $417,000 towards the external playscape
• 15-year lease term-certain period with an additional 10 + 10 + 10 years of further options extending the secured lease term to 45 years
• $5,200 per place
• Incentive: 6 months base rent and outgoings rent free
• 4 months base rent
• Daily Fees: $160 Weighted Average
• Pro forma EBITDA potential / forecast adopting current catchment fees and 80% annual average hold occupancy, approximately $800,000
• Pro forma EBITDA potential / forecast adopting current catchment fees and 90% annual average hold occupancy, approximately $1,000,000
• Pro forma EBITDA potential / forecast adopting current catchment fees and 95% annual average hold occupancy $1,300,000
• Pro forma EBITDA potential / forecast adopting current catchment fees and 100% annual average hold occupancy $1,500,000