Positioned directly opposite the sands of One Mile Beach, 1113 Underwood Road, Forster presents a rare coastal holding combining immediate income, lifestyle appeal and future potential in one of the area's most tightly held beachfront pockets.
Set across two titles and comprising four refurbished apartments, the property is currently 100% leased, delivering a strong and reliable income stream from day one. Each apartment enjoys an elevated north-easterly aspect, capturing excellent natural light, cooling sea breezes and ocean outlooks.
Three of the apartments offer two bedrooms, open-plan kitchen and living areas, ceiling fans throughout, private sunny decks with ocean views, and single lock-up garages, with access to shared gardens and laundry facilities. The fourth apartment features three bedrooms, a well-appointed kitchen with dishwasher and breakfast bar, a living area with dedicated office zone, internal laundry, private enclosed garden, and balcony with ocean views.
All apartments are fully furnished and STRA compliant, with Wi-Fi in place and the option for pet-friendly accommodation in two units with enclosed yards. This flexibility allows the property to continue as a long-term investment, transition to short-term holiday letting, or be held for future redevelopment (STCA).
Located opposite Collendina Reserve and just moments from patrolled beaches, Forster Golf Course, cafés and the town centre, this is a position that continues to perform-both as an investment and as a lifestyle destination.
Opportunities of this scale, flexibility and beachfront position are increasingly rare along the Forster coastline.
For further information or to arrange an inspection, contact Emma Jenkins at Pacific Coast Property Network.
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