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

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