42-46 Hi-Tech DriveToormina NSW 2452
Property Details for 42-46 Hi-Tech Dr, Toormina
Last Listing description (February 2016)
This modern high clearance industrial warehouse is subject to a renewed lease to Bidvest, a global food giant with an annual turnover of $10 billion.
The lease expires 2020 with an option of renewal for a further five years.
The building was purpose built for the food storage business which has been in occupation since 2003.
Bidvest Australia Limited is a public company that is ranked 132 out of the top 2,000 companies.
The NAR is $246,020 plus GST and the tenant pays 100% of the property's outgoings.
The building has an approximate gross leasable area of 2,884m2 and accommodates dry food storage, freezer and bulk freezer areas, loading docks, plus ancillary air conditioned offices and retail sales.
The approximate total site area is 6,781m2.
The property is zoned IN1 and is situated within a tightly held industrial precinct some 5 kilometres from Coffs Harbour's burgeoning CBD.
Adjoining the property is a gravel sealed vacant property at 46 Hi Tech Drive, with a site area of 2,316m2, which can be also be acquired.
Features of this outstanding investment are as follows:
* Long term lease to a global food giant
* High quality public company tenant
* Purpose built modern building with substantial tenant owned fitout
* Located in a tightly held major regional growth centre
* Valuable depreciation benefits
* Lessee pays 100% of the property's outgoings
If you've been looking for a secure high quality industrial investment then CALL NOW !!!
For a copy of the Property Information Memorandum please contact the Exclusive Marketing Agents:
Troy Mitchell 0417 695 915 tmitchell@ljhcoffs.com
Conjunction agent - Michael Gilbert - Burgess Rawson 0430 024 790
Property History for 42-46 Hi-Tech Dr, Toormina, NSW 2452
- 28 Nov 2025Sold for $4,400,000
- 01 Jul 2018Sold
- 20 Nov 2015Sold for $3,360,000
Recent sales nearby
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0About Toormina 2452
The size of Toormina is approximately 5.4 square kilometres. There are 11 parks, covering nearly 16.1% of the total area. The population of Toormina in 2016 was 6192 people. By 2021 the population was 6171 showing a population decline of 0.3% in the area during that time. The predominant age group in Toormina is 60-69 years. Households in Toormina are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Toormina work in a community and personal service occupation.In 2021, 57.50% of the homes in Toormina were owner-occupied compared with 55.10% in 2016.
Toormina has 3,358 properties. Over the last 5 years, Houses in Toormina have seen a 37.38% increase in median value, while Units have seen a 28.76% increase. As at 31 July 2026:
- The median value for Houses in Toormina is $844,665 while the median value for Units is $548,464.
- Houses have a median rent of $680 while Units have a median rent of $490.
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