Peritus Childcare Sales; as exclusive leasing and marketing agents is pleased to present for your consideration Newton Village Childcare Centre. A best in-class, brand-new 100-place early learning centre which will be delivered to a successful tenant on a full turn-key basis. The current plans for a 100 place centre has received Council Development Approval.

Expression of Interest Closing 5pm Friday 1 September 2023

• Brand new 100-place centre located on the rooftop carpark of Newton Village Shopping centre
• Newton Village extends to a total Gross Lettable Area (GLA) of approximately 10,840 sqm and serves over 3.4m customers per annum
• 14,500 vehicles travel along Montacute Road each day, equating to approximately 5.29 million vehicles per year
• DA approval granted and construction completion estimated in Q4 2024
• Current average daily fees within the defined catchment area $142 (0-2), $141 (2-3) and $140 (3 5)
• Likely daily fees on completion are $153 (0-2), $151 (2-3) and $148 (3-5)
• Only 4 centres within the defined catchment area (x12 centres) have limited available vacant days. 8 centres out of the total of x12 centres have no vacancy available on any days
• Very Sustainable base rent of $4,250 per place ($425,000 per annum), reflecting a rental occupancy cost ratio of approximately 11%-12%
• 15-year lease term-certain period with an additional 15 years of further options extending the secured lease term to 30 years
• No demolition or relocation clause applies for the term certain period (15 years)
• High-quality improvements and fitout, provided to the successful tenant on a full turn-key basis guaranteeing a best-in-class service offering within the catchment area
• Defined catchment area resident population of 43,285
• 2,581 0-5 year old children reside within the defined catchment area offering significant market depth
• EBITDA (net profit) potential of $700,000 assuming a forecast utilisation of 85%
• EBITDA (net profit) potential of $800,000 assuming a forecast utilisation of 90%
• EBITDA (net profit) potential of $1,000,000 assuming a forecast utilisation of 95%
• EBITDA (net profit) potential of $1,200,000 assuming a forecast utilisation of 100%
• EBITDA margin potential (net profit margin) of 20%-25%
• 30 Years guaranteed lease term remaining (including secured option periods)

"A very high quality, strategically located centre with significant upside potential, a unique opportunity which wont be repeated"