|Hunter Gateway is a well located property servicing businesses in the Rutherford / Maitland commercial area of Newcastle. Newcastle region continues to be one of the growth corridors for Sydney expansion and a significant regional area in its own right.
Rutherford is a key and distinct market in the Newcastle region. With a strong commercial and industrial activities, the town attracts a wide range of business travellers. Located on the Hunter Valley side of Newcastle and located within 2 hours of Sydney, the property also attracts overflow from the very “in demand” Hunter Valley.
As one of the newer properties in the area, the Hunter Gateway is popular with its guests and is professionally managed by the tenant. It is newly renovated and is closely located to a tavern which provides guests with quality food and beverage without the hassle of managing a restaurant in house.
TARHF purchased the Freehold (passive) interest in the property in February 2021 as the first property for Fund III. With a great yield and a quality tenant, it is expected to provide stable and targeted yields for TARHF investors. Upside is available through value added services, possibly acquisition of the operations and further expected yield compression.