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The former Justin Norris Swim Centre in Thornton has been listed for sale with a long-term lease in place.
Mr Norris sold his interest in the business at the start of last year but retained the building at 6 Sandringham Avenue. He has now decided to sell the property as well.
Steven Dick, director of Movable, said Jump 'N' Swim, as the swimming centre is known, has a 10-year lease in place with two five-year options.
"All of the outgoings are paid by the tenant and there are annual increases," Mr Dick said.
"Along with this the tenant has backed the lease with a six-month bank guarantee and personal guarantees providing the investor with growth, security and longevity.
"Where else can you get a rock-solid property on a long lease and end up with a seven per cent to eight per cent return on your money."
The property is for sale via Openn Negotiation on March 11.
A 168 square metre commercial office suite with four car spaces has been sold by Movable's Alan Tonks.
At a price of $680,000 the improved rate per square metre equated to $4047. The suite at 3/710 Hunter Street, Newcastle West comprised reception, lunchroom and five partitioned offices plus an open plan work area.
One of the Hunter Valley's premier motels has changed hands with a specialist regional accommodation investment fund adding the Hunter Gateway Motel to its national portfolio of properties for $8.5 million.
The freehold to the high-performing property was sold through ResortBrokers to the Trinity Accommodation Regional Hospitality Fund (TARHF), run by Mandala Asset Solutions, which has accumulated 18 properties in regional Australia with a total of $110 million in assets under management.
The Hunter Gateway Motel, located just off the New England Highway at 11 Denton Park Drive in Rutherford (pictured right bottom), has 63 rooms and conference facilities along with a development application for more units.
ResortBrokers managing director Trudy Crooks described the demand for quality accommodation assets in regional areas as "verging on overwhelming" with enquiries and offers coming from a range of buyers looking to build their portfolios.
Ms Crooks said that included purchasers who had not previously looked outside of major CBD locations.
"For the accommodation assets that traded well during coronavirus, prices have held up really well and that's a trend that should continue," Ms Crooks said.
"The Hunter region has done really well during COVID-19 and the local economy is buoyant."
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