Stonebridge is pleased to present Little Zak’s Academy Corrimal (Wollongong) for sale via Immediate Offers to Purchase.
The asset has the following key investment features:
- Long 15 year net lease to 2035 + options to 2055 with fixed 3.5% annual rent increases
- Little Zak’s Academy - Highly qualified NSW based childcare operator established in 1993, with a strong performing network of 50+ centres
- Expansive 122 place childcare facility with state-of-the-art rooftop playscape, plus dedicated access to 31 secure carparks
- Modern improvements featuring the latest corporate branding and striking fitout, newly opened in 2020 and offering excellent depreciation benefits
- Ideal childcare position situated within 1 km* of 2 major primary schools (597+ total students), plus 11 further schools in a 3 km* radius
- Seamlessly integrated into premium ‘Verge’ mixed use development, with strong-performing ALDI supermarket and 49 high-end residential units, plus 4 retail shops
- Highly connected location – 400 metres to key arterial Memorial Drive (28,308+ vehicles daily) and adjacent to Princes Highway, set to benefit from $15 billion* upgrade programme
- Corrimal – Booming residential and commercial hub with $155 million development pipeline and host to separate Woolworths and Coles anchored shopping centres
- Wollongong – Gateway location only 90 mins south of Sydney, with population forecast to increase 26% to 270,000 by 2041
- Net Lease – Tenant pays all usual outgoings including Management Fee’s, Rates, Insurance and General Repairs and Maintenance
- Attractive land tax free commercial investment
- Lease secured by Bank Guarantee equivalent to 3 months’ Rent and Outgoings + GST
- Net Income $443,487 pa* + GST
*Approximately
‘Little Zak’s Academy Corrimal (Wollongong)’ is for sale via Immediate Offers to Purchase.
Please contact the exclusively appointed Stonebridge property professionals for more information.
Property Code: 908