SOLD
Peritus Childcare Sales, as exclusive sales and marketing agents are proud to present Rhodes Central Preschool Kindergarten, a best-in- class , super-premium 52 place early learning centre rated Exceeding NQS and trading at a consistent 99.6% occupancy for the past 5 consecutive years.
Expression of Interest Closing 5pm Friday 11 November 2022
- The asset is an exceptional 52 place long day care childcare leasehold opportunity
- located in the epicentre of the new Rhodes Precinct Rezoning (4,200 new homes,1,100 new jobs, new schools and infrastructure)
- Last 5 years average weekly utilisation (July 2017 – June 2022) of 99.6%
- FY22 average weekly utilisation 99.5%
- FY21 average weekly utilisation 99.6%
- FY20 average weekly utilisation 99.3%
- Rated Exceeding National Quality Standards (NQS)
- 502 families on the current waiting-list
- January 2023 occupancy confirmed at 100% (booked and paid in advance)
- Current daily fees of $160.50 (0–2-year olds), $155.50 (2-3 year olds) and $145.50 (3-5 year olds)
- Very sustainable market rent of $4,700 per place reflecting a rental occupancy cost ratio of only 12.38%
- 15-year lease term-certain period plus an additional 15 years of further option periods (a total of 30 years of secured lease tenure)
- 450 metres from Rhodes Railway Station
- 800 metres from Rhodes Waterside Shopping Centre
- Very strong defined catchment area demand:supply ratio of 4.2:1 (35% stronger than the national average)
- Very strong defined catchment area 0-5 year old population growth of 4% per annum for the next 10 years (CAGR) , 3 times stronger than the national average)
- Located in the economic powerhouse Canada Bay Council area with $7.4 Billion GRP p.a.
- Very high-quality improvements, fitout and resources offering the most dominant and best-in-class service offering within the catchment area
- EBITDA margin (net profit margin) of 33%
Rarely is a premium, dominant and highly profitable centre such as this offered to market - a once in a generation opportunity which will not be repeated.
Offered in conjunction with Hornsby Central or separately
Current Daily Fees
$160.50 (0-2 year olds)
$155.50 (2-3 year olds)
$145.50 (3-5 year olds)
Current Demand: Supply Ratio
4.2:1 (# kids for every # existing places within the defined catchment area) which is 35% stronger than the national average
Average Household Income
$121,317
Estimated Resident Population
26,578 (Resident Population - Defined Catchment Area) 2,167 (0-5 year old children - Defined Catchment Area)
