CBRE is pleased to present Little Zak's Academy, Artarmon, a prime three level child care investment in a core employment hub within Sydney's North Shore.
6 Clarendon Street, Artarmon is currently leased to Affinity Education Group, who own and operate 167 childcare centres nationally. Trading as Little Zak's Academy Artarmon, the premium childcare provider offers a secure lease with options until 2052.
Little Zak's Artarmon benefits from the following key attributes:
Net Income: $1,260,000 p.a.
Brand new triple net 10-year lease to leading childcare provider Affinity Education Group with options to 2052
Fixed annual 3.5% rental increases
Childcare operating with approval for 210 places
Modern fit out with depreciation benefits
Well performing growth suburb with a thriving child care market
Total building NLA: 3,222sqm*
Located in the Artarmon employment hub within 1.1km* of the St Leonards Train Station and Artarmon Train Station
The property is to be offered by way of expressions of interest closing Wednesday, 06 December 2017 at 4 PM (AEST).
*Approximate