91-95 MacIntosh Street, Forster NSW 2428

Accommodation - Motel:   Land Size Icon 3184m2

Sold for $1,200,000

Mortgagee Sale

91-95 Macintosh Street Forster provides an excellent opportunity for an owner occupier or developer alike to purchase a property with substantial improvements and substantial income potential. The existing improvements have been maintained in good condition and the income stream from the established business provides holding income for a developer or a solid base to commence business growth for an owner occupier.

* Superb Mid North Coast Location – Popular tourist destination with exceptional seasonal trade
* Substantial Improvements – 3 x studio units, 12 x 1 bedroom units, 8 x 2bedroom units and 1 x self contained 3 bedroom managers residence; inground swimming pool
* Development Potential – flexible zone permits multitude of commercial uses; existing improvements strata titled into 24 lots
* Generous Land Holding – Site area 3,184sqm (approx.); 70 metre frontage to high profile Macintosh Street
* Holding Income – Established income from existing motel business
* Compatible uses within the zone include, but not limited to, backpackers accommodation, boarding houses, child care centres, clubs, dwelling houses, home businesses, medical centres, multiple dwellings, places of worship, residential flat buildings, service stations and tourist facilities. Subject to (STCA)

Public Tender closing 18 December 2012
Contact: Janet Knott- 0402 467 918 or Matt Kearney 0427 921 206 – Knight Frank Newcastle

Property ID: 609995

Contact Agents
Janet Knott
Janet Knott

Licensed Real Estate Agent Class 2

Office: 02 6555 6555
Mobile: 0402 467 918

Forster & Tuncurry
1/7-9 Beach Street, Forster NSW 2428 | Phone 02 6555 6555