64-68 Wharf Street, Forster NSW 2428
$2,600,000-$2,860,000

Forster, NSW, Mid North Coast
Waterfront trophy development opportunity
Rarely does a commercial development opportunity of this calibre enter the market and as such, this is an opportunity not to be missed. With its outstanding waterfront location in the heart of Forster’s vibrant commercial and retail precinct, the level 446.3sqm block currently houses a substantial brick double storey commercial building with three currently tenanted areas and further opportunity for additional tenants after modest restorations. Additionally, the property’s B2 Zoning allows for commercial premises including shops and offices, medical centre, hospitality premises and with a DA in place for conversion to underground parking beneath a ground floor retail offering and above, six luxury apartments beneath a spectacular rooftop penthouse, the development opportunities are outstanding. Beautiful water and marina views from ground level, while the upper levels will boast enviable waterfront, marina and Main Beach views, further enhancing this property’s aesthetics and overall development appeal.
With current rental income at $57,200pa and outgoings of $11,700pa Council Rates and $3,819pa Water Rates, the current ROI is substantial.
The twin towns of Forster/Tuncurry are the fastest growing tourist and residential coastal communities in NSW. With their proximity to Newcastle 164kms and Sydney (306kms), their appeal as both a short-stay and permanent living destination ensures the viability of the towns on a year-round basis. Additionally, the Council’s planning and development strategies are delivering a community where aesthetics and functionality are indivisible. Consequently, astute developers will recognise this enviable property as an opportunity too good to miss. Offered for sale via Expressions of Interest.
DISCLAIMER: R & R Property makes no representations as to the accuracy of the information provided by our vendors. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative and for marketing purposes only.

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  • Property Type: Offices

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Nicola Stockdale

R & R Property

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64-68 Wharf Street Forster, NSW, 2428
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