* 4 x 1 bedroom unit + 1 x 2 bedroom unit + 1 x 2 bedroom house
* Large, level and accessible 1000.5m2* allotment
* Development opportunity - Zoned R3: Medium Density
* Walk to the lake, cafes, restaurants, medical and professional services
Offering an incredible chance to invest in the thriving town of Forster is this exceptional allotment spanning 1000.5m2*. Conveniently located within walking distance to both the town and lake, this prime position is highly sought after.
The property presents a diverse mix of dwellings including:
4 x 1 bedroom units
1 x 2 bedroom unit
1 x 2 bedroom house
The units and house share a communal laundry and off-street parking.
Delivering a possible 5% gross return on investment, there is further scope to increase your return by renovating or updating the onsite properties. Developers may also consider the easily accessible and level frontage as well as the attached Zoned R3 Medium Density' which offers the potential to redevelop (STCA).
Forster is a vibrant town which enjoys the best of both lakeside and beachside living! From this ultra-convenient location, tenants/holidaymakers alike can walk to the pristine waters of Wallis Lake and the amenities of Wharf Street, home to a lively food, dining and shopping precinct.
Medical facilities including the local hospital are close by, as are parks, playing fields and clubs. Further major retail outlets such as Kmart, Aldi, Bunnings, Woolworths and Coles can be found within a quick drive to Stockland Forster Shopping Centre. Anchored by popular amenities, this is a versatile and high-performing addition to any property portfolio. Call now to request further information or to arrange an inspection.
Silent Auction Ends on the 13th July 2021 - Offers can be submitted throughout this campaign.
