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Stonebridge Property Group - Sydney

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

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

Medical & Consulting • Shops & Retail • Showrooms & Large Format Retail

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Stonebridge Property Group - Sydney
Tom Moreland
Michael Collins

Stonebridge Property Group - Sydney

Level 7, 14 Martin Place
Stonebridge Property Group - Sydney
Little Zak's Academy 36-44 Underwood Street
Corrimal, NSW 2518



Strong Performing Childcare Investment - Long 15 Year Net Lease to 2035

  • 15 Year Net Lease to 2035 + Opts to 2055
  • 122 Place Facility with 31 Carparks
  • Fixed 3.5% Annual Increases
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

Property ID: 504549252Last Updated: 17 May 2024

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