Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration 55-59 Burns Bay Rd, Lane Cove, a best-in-class 105-place early learning centre, currently trading at 62% occupancy with significant upside potential remaining, located within an enviable, unparalleled and irreplaceable location.

• The asset is an exceptional 105-place long day care childcare leasehold opportunity currently trading at 62% occupancy (first 10 months of trade)
• $1,400,000 has recently been spent on the centre, providing a best-in-class fitout offering with the centre dominating the catchment area
• Current daily fees of $170 (0–2-yearolds), $165 (2–3-year-olds) and $160 (3–5-year-olds)
• Pro forma full year normalised EBITDA potential adopting current fees and an annual occupancy hold of 80% is forecast at approximately $800,000
• Pro forma full year normalised EBITDA potential adopting current fees and an annual occupancy hold of 90% is forecast at approximately $1,050,000
• Pro forma full year normalised EBITDA potential adopting current fees and an annual occupancy hold of 95% is forecast at approximately $1,200,000
• Pro forma full year normalised EBITDA potential adopting current fees and an annual occupancy hold of 100% is forecast at approximately $1,400,000
• Current weekly utilisation of 62%
• FY24 normalised EBITDA projection (first year of trade) $300,000 (60% - 65% occupancy)
• The centre is a best-in-class example of a very efficient and profitable large sized centre securely leased until 13 September 2052 (28 years remaining)
• Passing rent of $672,000 per annum, reflecting an occupancy cost ratio of 15%
• Best-in-class building, fit-out and resources, a true premium walk-in walk-out opportunity

“A rare opportunity to acquire the most dominant, premium childcare centre within the retail and dining heart of Lane Cove, strategically located directly across the road from Lane Cove Market Square, The Canopy Lane Cove and the high street”