Raine and Horne Commercial

NSW - Tamworth The Tamworth region is benefitting from increased business and government spending according to Bryan Bolitho of Commercial Tamworth. He says, “The market has been strong in all sectors, and stock is in very short supply. Yields are in the order of 4.5% for retail property, 7.6% for industrial assets and 6.2% for office space. Bryan says the post-COVID economic recovery has led to a significant increase in the volume of sales and leasing activity, rising by up to 60% for industrial property compared to 2020. As a guide to buyer demand, 522 Peel St, Tamworth was recently sold for $1.5 million. The property features 1,808sqm of commercial land with a large 909sqm office complex. With two solid tenants including the NSW State Government, the property is returning a net of $137,000pa. 19 - Bob Newlan bob.newlan@tamworth.rhc.com.au