Peritus Childcare Sales, as exclusive Sales and marketing agents is pleased to present for your consideration 7-9 Gorman Street, North Tamworth, a best-in-class, 2,539 sqm Development Approved (DA Approved) 100-place childcare centre development site with 25 on-grade parking (no basement).

Expression of Interest Closing Friday 16 May 2025.

• 100-place Development Approved childcare site
• Expansive 2,539 square metre rectangular shaped land holding comprising 1,856 sqm childcare site + 683 sqm future medical centre / surplus land (medical concept plans available)
• 65m frontage to Gorman Street offering exceptional exposure and construction efficiencies
• Strategically located approximately 500 metres from Tamworth Rural Referral Hospital within the medical precinct of North Tamworth
• Net Market rental potential of $400,000 - $420,000 per annum
• No basement parking (on-grade)
• Architecturally designed, simple two level build
• Strategically located on Gorman Street which connects directly to Johnson and Piper Streets, two major service roads providing exceptional connectivity
• Tamworth is an economic powerhouse region, generating over $4bn in GRP p.a.
• Average daily fees within the catchment area of approximately $140- $160 per day
• 3,382 0-5 year old children reside within the defined catchment area (7km radius)
• 44,083 residents reside within the defined catchment area
• There is approximately 2,919 females aged 30-39 within the catchment area
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 90% utilisation rate of approximately $570,000 (forecast)
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 95% utilisation rate of approximately $725,000 (forecast)
• Tenant Pro forma EBITDA (net profit) potential assuming an annual average 100% utilisation rate of $920,000 (forecast)
• Total childcare centre construction cost estimate of $3,466,000 (Quantity Surveyor Report)