12 Martin DriveTomago NSW 2322
Property Details for 12 Martin Dr, Tomago
Last Listing description (July 2022)
For Sale by Expressions of Interest closing Thursday 31 March 2022 at 4pm
Commercial Collective is pleased to present 12, 13 and 14 Martin Drive, Tomago, a prime grade industrial investment opportunity. Leased to Cougar Mining Group, the property offers an outstanding net income of $920,000* per annum plus GST over two sites. Positioned on adjoining sites, the facilities will be sold in-one-line, and offer a collection of new and refurbished buildings totaling 7,265sqm*, five new overhead cranes, new hardstand and solar set over a combined site area of 14,805sqm*.
Positioned mid-way along Martin Drive, the property offers great exposure within Tomago's expanding industrial precinct. Located two minutes* from the Pacific Highway, seven minutes* from the New England Highway, 17 minutes* from Newcastle Airport and 30 minutes* from the Newcastle CBD, the property offers excellent connectivity and transport links.
- Total net income of $920,000* per annum plus GST
- New 10 year lease with two x five year options
- New buildings plus major upgrades
- To be sold in-one-line
- Excellent depreciation allowances
- Multi-functional facility with six overhead cranes
- New solar system
- Zoned IN1 General Industrial
*Approximately
Property History for 12 Martin Dr, Tomago, NSW 2322
- 03 Mar 2022Listed for Sale Expressions of Interest
- 24 Nov 1994Sold for $1,300,000
- 24 Nov 1994Sold for $1,300,000
Recent sales nearby
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About Tomago 2322
The size of Tomago is approximately 39.3 square kilometres. It has 6 parks covering nearly 47.2% of total area. The population of Tomago in 2016 was 277 people. By 2021 the population was 269 showing a population decline of 2.9% in the area during that time. The predominant age group in Tomago is 60-69 years. Households in Tomago are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Tomago work in a labourer occupation.In 2021, 65.40% of the homes in Tomago were owner-occupied compared with 58.50% in 2016.
Tomago has 562 properties. Over the last 5 years, Houses in Tomago have seen a 59.35% increase in median value. As at 31 March 2026:
- The median value for Houses in Tomago is $907,338 while the median value for Units is $443,461.
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