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5 Middle Street
Forster NSW 2428
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Sold on 22 Dec 2021

5 Middle Street Forster NSW 2428

  • Development / Land
  • 5,058 m²
  • Sold, $4,110,000

Coastal NSW tourist accommodation park

  • $660,000 gross turnover per annum*
  • Positioned on a 5,058sqm* site
  • Potential for further development

The property operates as the Forster Holiday Village, offering a selection of fully self-contained accommodation.
This established business is currently generating a gross turnover in excess of $660,000 per annum*.

Ancillary improvements include a manager's residence, office, a two bedroom cottage, 8 x three bedroom cottages and 8 x two bedroom units.

The complex provides guests with parking as well as an abundance of on-site facilities including a heated pool, BBQ areas, kids playground and tennis court.

The site is situated on a 5,058sqm block, only 800m* from the retail strip of Forster (Wharf Street). The town centre is within easy walking distance and incorporates a diverse range of businesses including restaurants, cafes, banks and boutique retail stores.

With an R3 Medium Density Residential zoning, the property also lends itself to a value-add/development opportunity (STCA).

The property is being offered For Sale by Expression of Interest closing Thursday 09 September 2021 at 4pm (AEST).

*Approximate

EXPRESSION OF INTEREST

Closing date and time09/09/2021 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Date Sold22 Dec 2021
Sold Price$4,110,000
Floor Area5,058 m²
Land Area5,058 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017178623
Category
Last updated  12 Jan 2022
Map for 5 Middle Street Forster NSW 2428

Nearest transport* to 5 Middle Street Forster NSW 2428

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Property Highlights

Date Sold22 Dec 2021
Sold Price$4,110,000
Floor Area5,058 m²
Land Area5,058 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017178623
Category
Last updated  12 Jan 2022
Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300

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