Peritus Childcare Sales as exclusive Sales and Marketing Agents is pleased to present for your consideration 242-252 Pitt Street, Merrylands, directly opposite Stockland Merrylands and Merrylands Railway Station.

Expression of Interest Closing 5pm Friday 10 April 2026

• 111 place centre
• Delivered full turn-key (internally) to a very high standard with a landlord contribution of $275,000 towards the external play area
• Incoming tenant is required to fund the external playscape above in excess of the Landlord’s $275,000 contribution
• Strategically located in the heart of the commercial and retail high density activity centre of Merrylands, directly opposite Stockland Merrylands and Merrylands Railway Station and Bus Interchange
• Part of the Central Quarter Mixed use development comprising 3 levels of retail and commercial space plus 194 luxury apartments over levels
• Approaching Completion
• Lease Commencement is 90 days post Practical Completion
• Current daily fees of $160 per day, likely fees on completion $170+ per day
• 32 Year secured lease tenure 12 year term plus (10+10) option periods underpinning and securing the asset value and for the future
• 4.5 months’ rent as lease security
• Very sustainable and affordable annual rental of only $5,000 per place, reflecting an occupancy cost ratio of only 12%
• Pro forma EBITDA potential (adopting industry averages at 90% average annual utilisation) of approximately $990,000
• Pro forma EBITDA potential (adopting industry averages at 95% average annual utilisation) of approximately $1,000,000
• Pro forma EBITDA potential (adopting industry averages at 100% average annual utilisation) of approximately $1,200,000
• Very strong defined catchment area depth of 0-5 year old children, with 13,178 0-5 year old children (within 3km) which is x3 times (+200% higher than the NSW average)
• Current Demand:Supply Ratio of 2.9:1
• 771 Childcare workers reside within 3km of the centre, more than double the NSW average
• Population growth rate from 2025 to 2041 of 1.6% per annum (16 year CAGR)