FOR SALE
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64-68 Wharf Street
Forster NSW 2428

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 446.3m2
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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.

Property Details for 64-68 Wharf St, Forster

Building Type
Commercial
Land Size
446.3m2

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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 10,329 properties. Over the last 5 years, Houses in Forster have seen a 47.93% increase in median value, while Units have seen a 53.05% increase. As at 31 October 2024:

  • The median value for Houses in Forster is $849,805 while the median value for Units is $581,476.
  • Houses have a median rent of $620 while Units have a median rent of $445.
There are currently 164 properties listed for sale, and 17 properties listed for rent in Forster on OnTheHouse. According to CoreLogic's data, 437 properties were sold in the past 12 months in Forster.

Suburb Insights for Forster 2428

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Amanda Tate
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LJ Hooker Taree
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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.