89 Benjamin Lee Drive, Raymond Terrace NSW 2324

Auction Date: October 27, 2026

Triple Net Lease To 2031, Upcoming Rent Review, Potential Uplift

Auction Location: Yallamundi Rooms, Sydney Opera House

Commercial Collective are 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
+ Lakeside Creative Minds: long established operator, successfully trading from this purpose-built centre since November 2016
+ 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
+ Purpose-built 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