CBRE is pleased to present Goodstart New Lambton located at 199 Lambton Road, New Lambton (Newcastle) NSW to the market for sale via our Investment Portfolio Auction 187.

The property has the following key highlights:

+ Long 20 year triple net lease to 2040 plus two (2) further ten (10) year options to 2060
+ Goodstart Early Learning: Australia’s largest early education provider with 670+ centres nationally, employing 16,500 staff and generating a revenue of $1.67 billion¹
+ Triple net lease – tenant pays 100% of outgoings including land tax, all repairs & maintenance and structural capital expenditure
+ Strategic 1,106sqm* landholding with well-presented 44 LDC place centre in close proximity to John Hunter Hospital
+ Compounding fixed 3% increases and attractive market review every five years ensuring long term rental growth.
+ Current rental well below market ($2,212 / place) offering significant potential future rental upside
+ Land tax-free commercial investment (NSW childcare centres are exempt from land tax)
+ Centrally located moments away from key local amenities Broadmeadow Train Station, Broadmeadow Medical Centre and the McDonald Jones Stadium with excellent exposure to Lambton Road
+ Education rich catchment with 32 schools and 14,313 + school aged enrolments within 3km³
+ Broadmeadow Place Strategy: a $3 billion+ urban renewal precinct forecast to deliver 20,000+ new homes⁴
+ New Lambton: tightly held inner-Newcastle suburb 5km* from the Newcastle CBD with 11.6% median house price increase in the past 12 months
+ Net Income: $97,316 pa + GST⁵

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 stability⁶.

To be sold via Investment Portfolio Auction 187
10:30am AEST Tuesday 15 September 2026
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx
1 Goodstart Annual Report 2025
2 ACECQA
3 Gapmaps
4 Newcastle Herald
5 As at Nov 2026
6 Australian Government Productivity Commission website