FOR SALE
$1,100,000

26 Wallis Street
Forster NSW 2428

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 262m2
Land area: 446m2
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Prime Investment Opportunity in Forster CBD

Ray White Forster Tuncurry are delighted to showcase this magnificent landholding for the savvy investor or astute developer looking to start their next project in the heart of town. Having served as an upscale restaurant and cafe for many years, the internal space is fitted out with an industrial sized kitchen, multiple dining spaces and an abundance of internal storage.
Nestled on a corner lot spanning approximately 441sqm, this property offers a perfect canvas for so many exciting possibilities in a serene residential setting, with high end apartments and boutique shops within walking distance. Boasting a generous frontage along Wallis Street, this site provides ample space for architectural creativity, taking full advantage of the northerly aspect this allotment provides.
Features include:
• Blue chip located property on corner site within a block to the Forster Town Centre and Main Beach.
• Recently utilized as a boutique restaurant
• Land area size 441sqm with dual access street frontage.
• Public transport conveniently assessable right at your doorstep
• The existing setup is perfectly suited for a charming café or restaurant, complete with outdoor courtyard seating.
Call 6554 7666 to talk to our sales team or arrange an inspection today.
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Property Details for 26 Wallis St, Forster

Building Type
Commercial
Floor Size
262m2
Land Size
446m2

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About Forster 2428

The size of Forster is approximately 32.6 square kilometres. It has 44 parks covering nearly 44.3% of total area. The population of Forster in 2011 was 13,117 people. By 2016 the population was 13,749 showing a population growth of 4.8% in the area during that time. The predominant age group in Forster is 60-69 years. Households in Forster are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forster work in a professional occupation. In 2011, 67.1% of the homes in Forster were owner-occupied compared with 66.8% in 2016.

Forster has 10,325 properties. Over the last 5 years, Houses in Forster have seen a 64.74% increase in median value, while Units have seen a 63.16% increase. As at 30 September 2024:

  • The median value for Houses in Forster is $871,415 while the median value for Units is $611,144.
  • Houses have a median rent of $600 while Units have a median rent of $440.
There are currently 162 properties listed for sale, and 18 properties listed for rent in Forster on OnTheHouse. According to CoreLogic's data, 431 properties were sold in the past 12 months in Forster.

Suburb Insights for Forster 2428

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Grady O'Neill
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Ray White Forster Tuncurry
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.