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DESCRIPTION:Triple Net Lease To 2031\, Upcoming Rent Review\, Potential Upl
 ift\nCBRE is pleased to offer to the market 89 Benjamin Lee Drive\, Raymon
 d Terrace (Newcastle) NSW\, a purpose-built long day care centre occupied 
 by Lakeside Creative Minds Early Learning and Preschool\, for sale by Auct
 ion.\n\nThe property has the following key investment highlights:\n\n+ Sec
 ured by a 15 year lease to November 2031\, plus two further 5 year options
  to 2041\n+ Lakeside Creative Minds: long established operator\, successfu
 lly trading from this purpose-built centre since November 2016\n+ Rare tri
 ple net lease\, with the tenant paying 100% of outgoings including capital
  works and structural repairs\n+ Minimum 3% annual increases\, plus an upw
 ard only market review in November 2026 offering potential rental uplift\n
 + Current rent of $2\,153* per licensed place\, potentially below market v
 alue\n+ Purpose-built 39 place long day care centre on an expansive 977.5s
 qm*¹ corner landholding with dual frontage to Benjamin Lee Drive and Clar
 ke Close\n+ Positioned 250m* from Grahamstown Public School\, close to Irr
 awang Public and High Schools and moments to Lakeside Village shopping cen
 tre\n+ Undersupplied 2km catchment with 4.14 children per licensed place*\
 , 50%* above the NSW average of 2.77²\n+ Land tax-free commercial investm
 ent (NSW childcare centres are exempt from land tax)\n+Approximately 26km*
  to Newcastle CBD via the newly opened $2.24B* M1 Pacific Motorway extensi
 on\n+ Raymond Terrace: is forecast to add 5\,400 residents by 2041 as a gr
 owth precinct\, with 597 dwellings approved across Port Stephens in FY24-2
 5.\n+ Port Stephens: growing Hunter LGA of more than 80\,000 residents*\, 
 forecast to grow by almost 18% to 88\,721 by 2041\, driving sustained dema
 nd for childcare\n+ Net Income: $83\,962 pa* + GST\n\nGovernment-Underpinn
 ed Investment:\nChildcare 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 chi
 ld has access to at least 3 days per week of subsidised early education an
 d care. The Government has also allocated a further $3.6 billion for educa
 tor wage increases - strengthening the tenant's operational stability³.\n
 \nTo be sold via Investment Portfolio Auction\n10:30am (AEDT) Tuesday 27 O
 ctober 2026\nYallamundi Rooms\, Sydney Opera House\n\nPlease contact the e
 xclusively appointed sales team for more information.\n\n*Approximate\n\n1
  NSW Valuer General \n2 Gapmaps \n3 Australian Government Productivity Com
 mission website
DTEND:20261027T113000
DTSTAMP:20261001T034632Z
DTSTART:20261027T103000
LOCATION:Yallamundi Rooms\, Sydney Opera House
SEQUENCE:0
SUMMARY:Auction: 89 Benjamin Lee Drive\, Raymond Terrace NSW
UID:CRE-2021201574-Auction
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>Triple Net Lease To 2031\, Upcoming R
 ent Review\, Potential Uplift <br/> 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 a
 nd Preschool\, for sale by Auction. <br/>  <br/> The property has the foll
 owing key investment highlights: <br/>  <br/> + Secured by a 15 year lease
  to November 2031\, plus two further 5 year options to 2041 <br/> + Lakesi
 de Creative Minds: long established operator\, successfully trading from t
 his purpose-built centre since November 2016 <br/> + Rare triple net lease
 \, with the tenant paying 100% of outgoings including capital works and st
 ructural repairs <br/> + Minimum 3% annual increases\, plus an upward only
  market review in November 2026 offering potential rental uplift <br/> + C
 urrent rent of $2\,153* per licensed place\, potentially below market valu
 e <br/> + Purpose-built 39 place long day care centre on an expansive 977.
 5sqm*¹ corner landholding with dual frontage to Benjamin Lee Drive and Cl
 arke Close <br/> + Positioned 250m* from Grahamstown Public School\, close
  to Irrawang Public and High Schools and moments to Lakeside Village shopp
 ing centre <br/> + Undersupplied 2km catchment with 4.14 children per lice
 nsed place*\, 50%* above the NSW average of 2.77² <br/> + Land tax-free c
 ommercial investment (NSW childcare centres are exempt from land tax) <br/
 > +Approximately 26km* to Newcastle CBD via the newly opened $2.24B* M1 Pa
 cific Motorway extension <br/> + Raymond Terrace: is forecast to add 5\,40
 0 residents by 2041 as a growth precinct\, with 597 dwellings approved acr
 oss Port Stephens in FY24-25. <br/> + 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 <br/> + Net Income: $83\,
 962 pa* + GST <br/>  <br/> Government-Underpinned Investment: <br/> Childc
 are is an essential service asset class that enjoys bipartisan Federal and
  State Government support. The sector is underpinned by over $16 billion i
 n Federal funding (FY25/26) to ensure that every child has access to at le
 ast 3 days per week of subsidised early education and care. The Government
  has also allocated a further $3.6 billion for educator wage increases - s
 trengthening the tenant's operational stability³. <br/>  <br/> To be sold
  via Investment Portfolio Auction <br/> 10:30am (AEDT) Tuesday 27 October 
 2026 <br/> Yallamundi Rooms\, Sydney Opera House <br/>  <br/> Please conta
 ct the exclusively appointed sales team for more information. <br/>  <br/>
  *Approximate <br/>  <br/> 1 NSW Valuer General  <br/> 2 Gapmaps  <br/> 3 
 Australian Government Productivity Commission website</P></body></html>
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