For Sale
Little Zak's Academy Corrimal (Wollongong)
36-44 Underwood Street, Corrimal (Wollongong) NSW

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.

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