Lakeside Creative Minds Early Learning and Preschool, 89 Benjamin Lee Drive, Raymond Terrace, NSW 2324

CBRE is pleased to offer to the market 89 Benjamin Lee Drive, Raymond Terrace (Newcastle) NSW, a purpose-built long day care centre occupied by Lakeside Creative Minds Early Learning and Preschool, for sale by Auction.

The property has the following key investment highlights:

+ Secured by a 15 year lease to November 2031, plus two further 5 year options to 2041
+ Purpose-built centre operating as a childcare since 2008, currently trading with high occupancy
+ Rare triple net lease, with the tenant paying 100% of outgoings including capital works and structural repairs
+ Minimum 3% annual increases, plus an upward only market review in November 2026 offering potential rental uplift
+ Current rent of $2,153* per licensed place, potentially below market value
+ 39 place long day care centre on an expansive 977.5sqm*¹ corner landholding with dual frontage to Benjamin Lee Drive and Clarke Close
+ Positioned 250m* from Grahamstown Public School, close to Irrawang Public and High Schools and moments to Lakeside Village shopping centre
+ Undersupplied 2km catchment with 4.14 children per licensed place*, 50%* above the NSW average of 2.77²
+ Land tax-free commercial investment (NSW childcare centres are exempt from land tax)
+Approximately 26km* to Newcastle CBD via the newly opened $2.24B* M1 Pacific Motorway extension
+ Raymond Terrace: is forecast to add 5,400 residents by 2041 as a growth precinct, with 597 dwellings approved across Port Stephens in FY24-25.
+ Port Stephens: growing Hunter LGA of more than 80,000 residents*, forecast to grow by almost 18% to 88,721 by 2041, driving sustained demand for childcare
+ Net Income: $83,962 pa* + GST

Government-Underpinned Investment:
Childcare is an essential service asset class that enjoys bipartisan Federal and State Government support. The sector is underpinned by over $16 billion in Federal funding (FY25/26) to ensure that every child has access to at least 3 days per week of subsidised early education and care. The Government has also allocated a further $3.6 billion for educator wage increases - strengthening the tenant's operational stability³.

To be sold via Investment Portfolio Auction
10:30am (AEDT) Tuesday 27 October 2026
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approximate

1 NSW Valuer General 
2 Gapmaps 
3 Australian Government Productivity Commission website