Peritus Childcare Sales, as exclusive Leasing and marketing agents are proud to present 228-230 Gurwood Street , a best-in- class 132 place early learning centre located within the economic powerhouse region of Wagga Wagga, NSW.

A rare opportunity to lease on completion on a full turn-key basis an exceptionally designed brand new 132 place childcare centre

Expression of Interest To Lease Closing 5pm Tuesday 13 June 2023

• The centre will be delivered on a full turn-key basis (internal and external)
• DA approval pending with construction commencing shortly thereafter
• Estimated completion in mid-late 2024
• Competitor Analysis of the 19 centres within the catchment area shows No Vacancies, long waitlists and average daily fees of $129 (0-2),$125 (2-3) and $122 (3-5)
• Wagga Wagga is a highly diverse economic powerhouse region generating an annual gross regional product of approximately $4.8 Billion, supported by 38,400 local jobs and 6,000 local businesses
• Defined catchment area 0–5-year-old population of 3,537 (8.5% of the resident population)
• EBITDA (net profit) potential of $990,000 assuming a forecast utilisation of 80%
• EBITDA (net profit) potential of $1,450,000 assuming a forecast utilisation of 90%
• EBITDA (net profit) potential of $1,650,000 assuming a forecast utilisation of 95%
• EBITDA (net profit) potential of $1,900,000 assuming a forecast utilisation of 100%
• Conservative daily fees adopted of $135 per day and likely $140 per day on completion
• Demand: Supply Ratio of 2.8:1 (Defined Catchment
• Very sustainable market rental range around $3,600 - $4,000 per place (10.30% - 11.4% occupancy cost ratio)
• 15-year lease term-certain period plus an additional 15 years of further option periods (a total of 30 years of secured lease tenure)
• High-quality improvements, fitout and resources offering the most dominant and best-in-class service offering within the catchment area
• EBITDA margin potential (net profit margin) of 30%
• 17 Schools within 5km of the centre (5,763 students)
• 1 hour direct flight from Sydney and Melbourne