The subject Property is located on the northern side of School Drive, approximately 200m west of the intersection with Tomago Road, in the Tomago industrial precinct. The site benefits from having easy access to the Pacific Highway, New England Highway, Newcastle Port facilities and Newcastle Airport.
The Property comprises of three main buildings used for workshop space, storage and administration. These buildings are located on the southern portion of the site, with the northern portion comprising heavily timbered undeveloped land.
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:
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