Land at Tamworth's new industrial precinct getting snapped up

The old Federation Park soccer fields are being redeveloped after being sold by Tamworth Regional Council in 2017.

Burke and Smyth director and commercial real estate agent Gavin Knee said the new industrial precinct had been specifically designed to cater for the needs of its new tenants, which include a international steel manufacturer, trucking companies and construction supply businesses.

"They'll be a large service station along the main drag [Jewry Street], which is carrying about 12,500 vehicles movements a day," he said.

"The international steel manufacturer plans to build a 6000-square-metre shed, an acre-and-a-half under roof, on a four-acre site."

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Only a handful of the 13 sites are still available in the new precinct, which Mr Knee said was a rare opportunity to get land in the traditional industrial hub of Taminda.

"It's a good mix of businesses who are either new to town, or are already here and they're expanding," Mr Knee said.

"That's great for jobs. They'll all be putting on extra staff."

Mr Knee said despite the tough economic circumstances the region was facing due to the ongoing drought, the land was in high demand.

"The fact that businesses are still willing to expand or open up, I think that speaks volume about Tamworth and it's a really good sign going forward," Mr Knee said.

"Because Tamworth is such a big area and it services a large demographic outside of Tamworth, they can manufacture here and truck stuff all over the place."

All the civil work is expected to be completed by mid-May, with the land handed over four to six weeks later.

"Some of the businesses won't build straight away, they might build next year, but there will be three or four businesses that are going to move pretty quickly," Mr Knee said.

"Going in to winter there will be a hive of construction activity through the last half of 2019."

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