Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration, Oz Education Glendale, a rare opportunity to acquire a 90-place, perfectly sized centre.

SOLD

• 90 place brand new, super-premium childcare centre completed May 2024
• Fully fitted out and resourced with high quality equipment
• Commenced trading May 2025 / current occupancy approximately 35%
• Lease expiry date (inclusive of options) 28/5/2059
• Current daily fees of $158 (0-3) and $153 (3-5)
• Current base rent of $334,744 per annum reflecting only $3,700 per place (9% of revenue)
• Exceptional long term 40 year brand new lease at a very sustainable rental
• 10% cap and collar at the market rent review (commencement of each 10 year option period which provides certainty and locks in the low rental for 40 years
• Demand:Supply Ratio of 2.2:1 (3km) and 2.8:1 (7-minute Drive-time)
• Female workforce participation rate of 75.1% which is significantly above the NSW and National average
• Low unemployment rate of only 5%
• Proportion of dual parents with dependant 0-5 year old children is of 68% which is significantly above the NSW and National average
• Total resident population within 3km of 30,792 with 2,361 0-5 year old residents
• Average household income of $97,108 p.a.
• X5 schools located within 1km of the centre
• 900m from Glendale City Centre Shopping Centre ($370m MAT / 52,500sqm /1,500 staff)
• Pro forma EBITDA potential / forecast adopting 80% annual average hold occupancy, approximately $900,000
• Pro forma EBITDA potential / forecast adopting 90% annual average hold occupancy, approximately $1,100,000
• Pro forma EBITDA potential / forecast adopting 95% annual average hold occupancy, approximately $1,200,000
• Pro forma EBITDA potential / forecast adopting 100% annual average hold occupancy, approximately $1,300,000