Little Zak's Academy 36-44 Underwood Street, Corrimal, NSW 2518

Medical | Retail | Showrooms

For Sale Contact Agent

  • Property ID: 442522
  • Floor Area: 1440m²
  • Land Area: 1763m²
  • Occupancy: Vacant
Strong Performing Childcare Investment - Long 15 Year Net Lease to 2035

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


‘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

Corrimal Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $338 ---
Offices --- $350 ---
Retail --- $350 ---
This is the average advertised price, rent and yield for Corrimal, NSW 2518*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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