 Asset Class: | Industrial |
 Price: | $ 3950000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
<b>12 Bandaar Drive, Westdale (Tamworth)</b> is a <span style="font-weight:normal;">new, high-quality industrial facility offering secure rental income, long-term stability, and minimal management requirements—</span><b>making it a true set-and-forget investment.</b><br><br><span style="font-weight:normal;">Completed in 2024, this modern warehouse and office complex is situated within a new industrial corridor adjacent to Tamworth Airport, enhancing logistical convenience and tenant demand. </span><br><br><span style="font-weight:normal;">Strategically located next to Tamworth Intermodal Freight Hub.</span><br><br><span style="font-weight:normal;">The property is fully leased to Fox & Lillie Rural, a national agribusiness leader with 76 years of operational history, ensuring income certainty with a long-term lease and fixed rental increases.</span><br><br><span style="font-weight:normal;">With no immediate capital expenditure required, this asset provides effortless, hands-off cash flow—perfect for investors seeking a low-maintenance, high-yielding industrial property.</span>
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A Thriving Regional Economy with Major Infrastructure Investment<br><br>Tamworth is a <b>fast-growing</b> regional hub in New South Wales, positioned as a major <b>logistics, agribusiness, and manufacturing centre</b>. The city's <b>strong economic fundamentals, strategic location, and significant infrastructure investment</b> make it an ideal location for industrial property investment.<br><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Population & Growth:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The Greater Tamworth Region has a population exceeding 62,000, supporting business expansion and long-term rental demand.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Gross Regional Product (GRP):</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Tamworth’s economy is valued at over $3.4 billion, driven by agriculture, manufacturing, transport, and logistics.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Strategic Transport Links:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Located on the New England Highway, Tamworth provides direct access to Sydney and Brisbane, positioning it as a key logistics hub for regional and interstate freight movement.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>New Industrial Corridor:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The Westdale Industrial Precinct, where this property is located, is Tamworth’s fastest-growing industrial zone, attracting large-scale national tenants looking for strategic positioning and supply chain efficiency.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Infrastructure Boom:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$200m Global Gateway Park – A high-profile industrial precinct designed to attract major employers and logistics operators.$35mTamworth Intermodal Rail Hub – A state-of-the-art freight facility, enhancing rail freight efficiency and direct access to major ports.Tamworth Airport Expansion – Upgrades improving cargo and passenger capabilities, increasing business opportunities for logistics and transport operators.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Low Industrial Vacancy Rates:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> High tenant demand and limited industrial land supply are driving rental growth and long-term capital appreciation in the region.</span></p></li></ul>
Additional Location Information File<b>Fox & Lillie Rural</b><br><br>A Leading Agribusiness with Over 75 Years of History<br><br>Fox & Lillie Rural is a well-established Australian agribusiness specializing in <b>wool broking, buying, livestock, and rural services</b>. With more than 70 employees across Australia, the company plays a vital role in the country’s agricultural supply chain, offering end-to-end solutions for wool growers, livestock producers, and rural businesses.<br><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Established:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 1948</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>National Presence:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Operations across Australia, including Victoria, New South Wales, and South Australia, with multiple wool buying stores and testing locations.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Core Services:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"><br></span><span style="color:rgb(51, 51, 51);font-style:normal;"><b><br>Wool Trading & Export:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> One of Australia’s top three buyers and exporters of wool, supplying greasy and processed wool to markets worldwide.<br></span><span style="color:rgb(51, 51, 51);font-style:normal;"><b><br>Wool Marketing Services:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Works closely with Australian wool growers to provide tailored wool-marketing solutions, maximizing grower returns through direct marketing, auctions, and forward contracts.<br></span><span style="color:rgb(51, 51, 51);font-style:normal;"><b><br>Livestock Services:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Supports the agricultural sector with livestock trading and advisory services, helping farmers improve stock quality and profitability.<br></span><span style="color:rgb(51, 51, 51);font-style:normal;"><b><br>Aquaculture & Seafood Trading:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Diversified investments in aquaculture, including abalone farming, and international seafood trading.<br><br></span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Financial Stability:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> A well-capitalized, expanding business with strong revenue streams.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Expansion-Focused:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Continuing to grow its national presence through strategic acquisitions and investments in agricultural innovation.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Long-Term Commitment:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Secured lease with built-in rental escalations, ensuring financial security for investors.</span></p></li></ul><br><br>Fox & Lillie Rural’s deep industry expertise, diversified operations, and strong financial foundation make them an ideal long-term tenant, further enhancing the low-risk, set-and-forget nature of this investment.
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Comparable Rents: Address | Total GLA | Rent $/m2 12 Bandaar drive, Westdale | 1930m2 | 157/m2 143-145 Bridge Street, Tamworth | 1614m2 | $159/m2 75-81 Plain Street, Tamworth | 898m2 | $140/m2 36 Barnes Street, Tamworth | 670m2 | $130/m2 Recent Sales: Address | Total GLA | Price $/m2 12 Bandaar drive, Westdale | 1930m2 | $2072/m2 32-40 Goddard Lane, Westdale | 1505m2 | $2448/m2 23 - 27 Dampier Street, Tamworth | 1650m2 | $2152/m2 143-145 Bridge Street, Tamworth | 1614m2 | $2764/m2
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<b>Investment Highlights</b><br><br><span style="color:rgb(51, 51, 51);font-weight:normal;">✅ True Set-and-Forget Investment – Secure long-term income with minimal management</span><br><br><span style="font-weight:normal;">✅ Brand New Facility – Completed in 2024, offering excellent depreciation benefits</span><br><br><span style="font-weight:normal;">✅ Strategic Location – New industrial corridor adjacent to Tamworth Airport</span><br><br><span style="font-weight:normal;">✅ Secure Long-Term Lease – 5 years + option, with 3.5% annual rent increases</span><br><br><span style="font-weight:normal;">✅ Surplus Land for Expansion – 2,525 sqm available for future development</span><br><br><span style="font-weight:normal;">✅ Strong Regional Market – Tamworth’s economy is strong</span><br><br><b>Property Highlights:</b><br><br><span style="color:rgb(51, 51, 51);font-weight:normal;">Total Site Area:</span><span style="color:rgb(51, 51, 51);"><b> </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;">8,115 sqm</span><br><span style="font-weight:normal;">Total Building Area:</span> <span style="font-weight:normal;">1,930 sqm</span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High-clearance warehouse: 1,780 sqm</span></p></li><li style="list-style-image:none;font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Corporate office & amenities: 150 sqm</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rear canopy: 710 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Surplus Land: 2,525 sqm (</span><span style="color:rgb(51, 51, 51);font-weight:normal;"><i>potential for expansion/development</i></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">)</span></p></li></ul><br><span style="font-weight:normal;">Zoning:</span> <span style="font-weight:normal;">Industrial</span><br><br><span style="font-weight:normal;">Site Position:</span> <span style="font-weight:normal;">Prominent corner site with multiple access points</span><br><span style="font-weight:normal;">Security Features:</span> <span style="font-weight:normal;">Fenced with gated access</span><br><span style="font-weight:normal;">Additional Features:</span> <span style="font-weight:normal;">ESFR sprinkler system, solar panels, multiple on-grade roller doors</span><br><br><b>Financial Metrics:</b><br><br><span style="font-weight:normal;">Purchase Price:</span> <span style="font-weight:normal;">$3,950,000</span><br><span style="font-weight:normal;">Rent Net:</span> <span style="font-weight:normal;">$296,250</span><br><span style="font-weight:normal;">Yield Net:</span> <span style="font-weight:normal;">7.5%</span><br><br><span style="font-weight:normal;">Purchase Rate (on GLA):</span> <span style="font-weight:normal;">$2,072/sqm</span><br><span style="font-weight:normal;">Purchase Rate (on Land):</span> <span style="font-weight:normal;">$493/sqm</span><br><span style="font-weight:normal;">Rent / sqm (on GLA):</span> <span style="font-weight:normal;">$157/sqm</span>
