4/834 Pittwater Road

Dee Why NSW 2099

??? 20 Parking spaces
??? Annual Net Rent $353,010 plus GST with 3% annual increases.
??? Lease Term: 10 years with 2 additional 5 year options.
??? Outgoings paid by the tenant of approx $67,119.63 per annum
??? Sinking fund payable by the owner $28,370 per annum
??? Price $4.5M
??? Net return of approx 7.2%
Explore and Develop are opening a Childcare Centre in Dee Why Grand Commercial. The DA is approved and fitout construction has commenced. Expected to be operational April 2014.
Explore and Develop is a privately owned franchised business model for the provision of high quality childcare. This franchised childcare business was formally launched in Sydney in June 2004, initially as Lollipops Childcare and rebranded in December 2008 to become Explore & Develop. There are currently eighteen centres open with more on the way.
The Childcare market throughout Australia and more specifically the Northern Beaches is in a period of high demand and steady development even though sites are in scarce supply.
Childcare has traditionally, and still is, dominated by single site owner operators trading under their own local brand name. Explore and Develop has successfully proven over the last 9 years, that the ???owner operator Franchisee??? model works very effectively. It has the benefit of years of experience from a team of specialists developing systems and programs and the local owner/operator with the drive to see the individual centre thrive. The franchisee/owner of each of the sites has made a large investment in the extensive fitout of the centre and is therefore committed to its ongoing commercial success.
Dee Why Grand is a landmark building located on the main arterial road of the Northern Beaches consisting of some 6500 m2 of commercial space. With the proximity and amenity of Dee Why and surrounding suburbs you have a sound investment opportunity.