SOLD
Sold on 23 Nov 2023 for $2,450,000

11 Martin Drive
Tomago NSW 2322

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 1012m2
Land area: 2245m2
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Sold By
Steve Dick
MOVABLE - Commercial
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Property Details for 11 Martin Dr, Tomago

Building Type
Commercial
Floor Size
1012m2
Land Size
2245m2
Local Government
Port Stephens
Lot/Plan
5/DP874211

Last Listing description (November 2023)

CURRENT BID $2,050,000 - 4 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steve Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

Situated in the 24/7 work environment of Tomago this facility was designed and built for the manufacture of gantry and jib cranes. Yet it suits all forms of manufacturing with its:

* 5 tonne overhead crane

* Reticulated 400amp power supply
* 3-Phase power
* High clearance with (6.7) metres under hook
* Huge sliding front doors
* Amenities and offices located outside the workshop

The owner wants to retire from property ownership thus has issued instructions to sell before Christmas.

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Property History for 11 Martin Dr, Tomago, NSW 2322

A timeline of how this property has performed in the market
Last Sold
$2,450,000
23 Nov 2023
Listed for Rent
$814/w
22 Sep 2020
  • 23 Nov 2023
    Sold for $2,450,000
  • 26 Oct 2023
    Listed for Sale CURRENT BID $2,050,000
  • 02 Mar 2020
    Listed for Rent $85,000 / year
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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 2011 was 272 people. By 2016 the population was 282 showing a population growth of 3.7% 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 $600 - $799 per month on mortgage repayments. In general, people in Tomago work in a machinery operators and drivers occupation. In 2011, 50% of the homes in Tomago were owner-occupied compared with 58.5% in 2016..

Tomago has 538 properties. Over the last 5 years, Houses in Tomago have seen a 33.85% increase in median value. As at 31 October 2024:

  • The median value for Houses in Tomago is $833,221 while the median value for Units is $441,842.
There are currently 2 properties listed for sale, and 1 property listed for rent in Tomago on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Tomago.

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