A fantastic opportunity has arisen to acquire a brand new, purpose-built swim school situated in the heart of the Sutherland Shire main commercial precinct.
The property, located at 19 Wurrook Circuit in Caringbah, is being sold through an Expressions of Interest campaign, which will end on Thursday 27th April, 2023 at 3pm (AEST). The sale is being handled by Colliers’ Trent Gallagher and Edward McFarland, on behalf of a private vendor.
The swim school boasts an impressive 820sqm building that spans two levels and offers excellent amenities such as new bathrooms, changing rooms, and an onsite kiosk. The facility also features a 25m heated pool with five lanes, as well as an 8 x 8 indoor children’s and rehabilitation pool, making it an ideal investment for anyone looking for an established thriving swim school or aquatic center.
Currently, the property is leased to the successful family-owned and operated business, Swimmerz Academy. The lease is set to expire in October 2028, with a 7+7 year option and 5 per cent annual increases, which guarantees a compounding rental growth for the buyer.
“This property is situated in the epicentre of the Sutherland Shire’s industrial and commercial precinct, surrounded by many renowned national and international occupiers” Mr McFarland said.
“It is a secure investment opportunity for buyers, representing excellent capital value that is well below replacement value, and flexible industrial, showroom, recreational and office development opportunities” Added Mr Gallagher.