Development Opportunity in Forster, NSW

Located in the busy precinct of Wharf Street, this circa 1950's building is nearing its end of life and needing a creative developer to consider reshaping the corner end of the street into a commercial/residential high rise to add dimension to the expanding skyline of Forster. Zoned E2 - Commercial Centre, your new development would take in the views of both the Pacific Ocean and Forster inlet as well as the surrounding Forster/Tuncurry township. The zoning allows commercial/retail with shop top housing. The views would support lavish penthouse apartments providing residents with beach city style living and easy access to the many cafes and restaurants Forster offers. Currently tenanted, the rental income will allow the sale as a going concern for GST purposes and provide cash flow to allow you time to create the perfect iconic building that the area deserves. For further information please contact Amanda Tate on 0427 539 991 or Cameron Tate on 0437 877 719.