91-95 MacIntosh Street, Forster

Block of Units

91-95 Macintosh Street, Forster NSW 2428 Incredible, High Yielding Investment Opportunity
Pacific Coast Property Network are delighted to present For Sale 91-95 Macintosh Street, Forster NSW.
• Commanding landholding of 3,038sqm* with combined street frontage of 70m*
• Modern, two-storey strata complex consisting of 23, 1, 2 & 3 bedroom apartments providing secure income from current long term rental leases in place.
• Proven track record of high occupancy levels. Currently 100% leased.
• Current rental income of $250,000 per annum.
• Potential to increase rental income to $370,000 with the end of the National Rental Affordability Scheme (NRAS) in April 2024 (based on market rents currently achieved).
• Rare opportunity for passive holding, refurbishment, development (STCA) taking advantage of Forsters strong rental growth forecast.
• Flexible Medium Density Residential Zone (R3), providing scope for a substantial residential project or alternative use (STCA)
• Strategically located close to the Stockland and Forster CBD retail strips, restaurants, Hospital, and essential community amenities.
• For Sale by Expressions of Interest closing Wednesday 15 March 2024 at 5pm.
Private inspections by appointment only.
*Approx
Contact the Pacific Coast Property Network team today:
Tony McGinley | 0439 490 440
Emma Jenkins | 0499 338 389
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