SOLD

Peritus Childcare Sales, as exclusive sales and marketing agents are proud to present Hornsby Central Preschool Kindergarten, a best-in- class , super-premium 58 place early learning centre trading at a consistent 99.7% occupancy for the past 5 consecutive years.

Expression of Interest Closing 5pm Friday 11 November 2022

• The asset is an exceptional 58 place long day care childcare leasehold opportunity
• located in the epicentre of the new Hornsby Town Centre Masterplan Redevelopment (4,671 new homes, 11,445 new residents, 11,040 new jobs, new schools and infrastructure)
• Last 5 years average weekly utilisation (July 2017 – June 2022) of 99.7%
• FY22 average weekly utilisation 99.5%
• FY21 average weekly utilisation 99.4%
• FY20 average weekly utilisation 99.7%
• 138 families on the current waiting-list
• January 2023 occupancy confirmed at 100% (booked and paid in advance)
• Current daily fees of $142 (0–2-year olds), $140 (2-3 year olds) and $128 (3-5 year olds)
• Very sustainable market rent of $4,400 per place reflecting a rental occupancy cost ratio of only 12.54%
• 15-year lease term-certain period plus an additional 15 years of further option periods (a total of 30 years of secured lease tenure)
• 180 metres from Hornsby Railway Station
• 100 metres from Rhodes Westfield Hornsby Shopping Centre
• Very strong defined catchment area 0-5 year old population growth of 2% per annum for the next 10 years (CAGR) , 43% stronger than the NSW average)
• Located in the economic powerhouse Hornsby Shire Council area  with $7.7 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 Rhodes Central or separately