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An extraordinary opportunity to secure a long-term waterfront leasehold in one of Forster's most prominent positions, with substantial infrastructure already completed and approvals in place for a landmark two-level hospitality and tourism development.
Positioned directly over the water at the edge of Wallis Lake, this unique holding has been associated with boating and waterfront activity for generations. The current owner has held the NSW Crown Lands lease for approximately 50 years and is now offering the opportunity to the market as part of his retirement plans.
The Crown Lands lease has recently been renewed for a further 30 years, with the owner advising that it is renewable, providing a long-term foundation for the next owner to complete and realise the approved development vision.
A substantial new wharf structure has already been constructed, including piers, bearers and joists, with decking required to complete the platform. An approved concrete retaining wall is also in place, together with underground water and power infrastructure.
Importantly, the property benefits from approved plans and development documentation for a substantial two-level commercial development designed to take full advantage of its exceptional waterfront position.
Approved Development Concept
Level One
- Approx. 80-seat café
- Bar and function use
- Dive centre
- Commercial boat mooring
- Waterfront and alfresco dining areas
Level Two
- Approx. 140-seat restaurant
- Bar
- Functions and events space
- Extensive waterfront outlook
- Covered and open-air dining areas
The architectural concept incorporates expansive glazing, decks and direct waterfront interaction, creating the potential for a highly distinctive hospitality destination in the heart of Forster.
The development has been designed to capitalise on uninterrupted water views and the location's close connection to Forster's established dining, tourism and waterfront precinct.
The site is also positioned at the end of the newly completed waterfront boardwalk extending from Main Beach, beneath the Forster-Tuncurry Bridge and along the Forster foreshore, helping connect the property directly with pedestrian activity through the town centre and waterfront.
Key Features
- Exceptional over-water position on Wallis Lake
- Long-term NSW Crown Lands leasehold
- Recently renewed 30-year lease
- Current owner has held the lease for approximately 50 years
- Substantial new wharf structure already constructed
- Piers, bearers and joists completed
- Approved retaining wall
- Underground water and power infrastructure installed
- Approved two-level hospitality development
- Café, restaurant, bar and function uses
- Dive centre component
- Commercial boat mooring
- Extensive alfresco and waterfront dining potential
- Direct connection to Forster's waterfront precinct
- Opportunity to complete a landmark tourism and hospitality destination
This is a genuinely unusual opportunity for a hospitality operator, tourism business, developer, investor or entrepreneur seeking a high-profile waterfront project with substantial groundwork already completed.
With its long lease tenure, approved development concept, established infrastructure and exceptional waterfront setting, The Wharf Forster offers the potential to create one of the Mid North Coast's most distinctive hospitality destinations.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
