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.
The size of Forster is approximately 32.6 square kilometres. There are 44 parks, covering nearly 44.3% of the total area. The population of Forster in 2016 was 13740 people. By 2021 the population was 14187 showing a population growth of 3.2% in the area during that time. The predominant age group in Forster is 70-79 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 2021, 68.20% of the homes in Forster were owner-occupied compared with 66.80% in 2016.
Forster has 10,479 properties. Over the last 5 years, Houses in Forster have seen a 38.30% increase in median value, while Units have seen a 37.84% increase. As at 31 May 2026:
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