Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration, 1 Patricia Street, Mays Hill (Parramatta), NSW, a rare opportunity to acquire near-new, recently opened (May 2023), 111 place childcare centre strategically located within a R4 - High Density Zoned residential area.

Supported by 13,542 children aged 0–5 within 3km and a Demand:Supply ratio of 2.5:1 (3km), the centre benefits from strong population growth fundamentals and a 30-year secured lease structure. Having commenced trading in mid-2023 and currently operating at ~50% occupancy and growing, this represents a rare opportunistic acquisition within the Parramatta growth precinct.

• The asset is an exceptional 111-place long day care childcare leasehold opportunity located in the tightly held suburb of Mays Hill (Parramatta),  (20 km South-West of Sydney CBD)
• Super-premium $11m replacement cost building recently completed in May 2023, dominating the catchment area with respect to quality
• Current Spot Occupancy of approximately 50% and growing
• Sustainable base rent of only $5,305 per place
• Only 4 months base rent bank guarantee (lease security)
• $149 (0-3), $142 (3-5) daily fee
• $146 weighted average daily fee
• 13,542 0-5 Year old children within (3km)
• 1.60% 0-5 Year old population compound annual growth rate
• Demand:Supply Ratio of 2.5:1 (3km) and 2.6:1 (7-minute drive-time)
• 88,068 local workforce
• 16,020 feamales aged 30-39 (3km)
• 12 months pro-forma EBITDA potential of approximately $300,000 adopting current fees and stable occupancy at 70% (adopting industry standards)
• 12 months pro-forma EBITDA potential of approximately $550,000 adopting current fees and stable occupancy at 80% (adopting industry standards)
• 12 months pro-forma EBITDA potential of approximately $800,000 adopting current fees and stable occupancy at 80% (adopting industry standards)
• 12 months pro-forma EBITDA potential of approximately $1,000,000 adopting current fees and stable occupancy at 100% (adopting industry standards
• Secured lease term until May 2053 (27 Years remaining)