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19 Lake Street Forster NSW 2428

  • Hotel / Leisure
  • 1 m²
  • For Sale, Contact Agent

Entry Level Motel Accomodation Prime Mid-Coast

Unique one-line opportunity to purchase 6 motel units (27% of total ownership)
10 year management agreement to 2023 + 10 year option to 2033
Fully leased operation with current manager at this address for 20+ years
Income stream with historically impressive occupancy levels
Forster: Mid North Coast population of 94,004 and forecast to grow to 113,147 by 2036
Current R4 High Density Residential Zoning may allow 10 level development, STCA and consolidation of other unit owners
Net Income: $32,036 pa + GST
For Sale by Expressions of Interest
Offers Closing 4pm AEDT Thursday 5 December

Property Highlights

Property ID2015864210
Floor Area1 m²
Land Area1 m²
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  11 Nov 2019
Map for 19 Lake Street Forster NSW 2428
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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