Peritus Childcare Sales; as exclusive leasing and marketing agents is pleased to present for your consideration the rare opportunity to lease 311 Bobbin Head Road, North Turramurra, a best-in-class, award-winning architecturally designed fully fitted out and resourced, 49-place early learning centre.

Expression of Interest Now Open.

• Fully fitted out and resourced 49-place centre delivered on a full turn-key basis
• Very Sustainable asking base rent of $5,250 per place reflecting a rental occupancy cost ratio of approximately 10.5%
• Conservative average daily fees adopted of $195 (current average of comparable competitor fees)
• Current daily fees within the catchment area of range from $186-$206
• 15-year lease term-certain period with an additional 10 + 10 years of further options extending the secured lease term to 35 years
• High-quality improvements and fit-out, provided to the successful tenant on a full turn-key basis guaranteeing a best-in-class service offering within the catchment area
• Current Demand:Supply ratio of 1.8:1 (3km)
• Current Demand:Supply ratio of 1.8:1 (7-min Drive-time)
• 39,016 residents reside within the defined catchment area
• Pro forma EBITDA (net profit) potential assuming an annual average 80% utilisation rate of $470,000
• Pro forma EBITDA (net profit) potential assuming an annual average 90% utilisation rate of $650,000
• Pro forma EBITDA (net profit) potential assuming an annual average 100% utilisation rate of $750,000
• EBITDA margin potential (net profit margin) of 24%+