22 Helen St, Forster, NSW, 2428

Block of 6 tenanted units with DA approval

Block Of Units
Type
9
Bedrooms
6
Bathrooms
6
Parkings

Last updated on Saturday, March 21, 2026 ( See property details for 22 Helen St, Forster, NSW, 2428)

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A rare freehold DA-approved site in Forster offering immediate rental income and exciting development potential in a highly sought-after coastal location.

🏡 Property Highlights

  • Fully leased block of six residential units with 100% occupancy
  • Development approval for 14 premium apartments on a 1,005m² site
  • Prime beachside location close to beaches, dining, and retail amenities
  • Strategic zoning (R3 Residential) allowing for multiple development outcomes
  • Strong market demand driven by tourism and regional growth
  • Secure income stream with immediate rental returns

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Garage
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly

Forster is a vibrant coastal town renowned for its pristine beaches, relaxed lifestyle, and strong tourism appeal. It offers excellent amenities, a growing population, and a thriving property market. The area is ideal for both holidaymakers and residents seeking a relaxed coastal lifestyle. Its strategic location provides easy access to retail, dining, and outdoor activities, making it a highly desirable destination. Continuous growth and demand ensure a secure investment environment for buyers seeking long-term value.

What is the current rental income generated by the existing units?
The property currently achieves a 100% occupancy rate, providing a secure and immediate income stream from the fully leased six residential units.
What are the future development plans for the site?
The site has development approval for 14 premium apartments, offering significant potential for long-term value creation.
Is the property suitable for holiday accommodation or permanent residency?
Yes, the zoning (R3 Residential) allows for multiple outcomes including holiday accommodation and permanent occupancy, making it versatile for various uses.
What amenities are nearby the property?
The property is positioned close to beaches, dining options, retail outlets, and other lifestyle amenities, providing a highly desirable coastal living environment.
Are there any planning or zoning restrictions I should be aware of?
The property is zoned R3 Residential, which permits multiple development options, including holiday and permanent accommodation, subject to council approval.
Are there any hidden costs associated with the development approval process or future construction? Has the property been surveyed recently to confirm boundary lines and land size? Are there any existing easements, covenants, or restrictions affecting the property? What are the potential costs for connecting utilities and services for future development? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or infrastructure projects nearby that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any noise or nuisance issues from neighboring properties? Has the property been inspected for structural issues or other defects? Are there any zoning or compliance issues that could affect the redevelopment plans?

22 Helen St, Forster, NSW, 2428 - More Details

Block of 6 tenanted units with DA approval

Australian Prime Realtor is pleased to present this rare opportunity to acquire a rare freehold DA Approved site of approx. 1000m2 of prime land, in the highly sought-after coastal destination of Forster, renowned for its relaxed lifestyle, pristine beaches, and strong appeal to both holidaymakers and permanent residents. Positioned within close proximity to the town centre, local amenities, and the lake, the property benefits from its prime beachside location in one of the Mid North Coast's most desirable lifestyle markets. Forster continues to experience consistent demand driven by tourism, population growth, and increasing interest in regional coastal living. The property currently comprises a fully leased block of six residential units, achieving a 100% occupancy rate and providing a secure and immediate income stream. This strong holding income offers investors the benefit of an attractive return from day one, while planning and executing the approved redevelopment. Key Highlights • Expansive 1,005m² site with prime exposure on Helen Street • Development Approval for 14 premium apartments • Zoning: R3 Residential - allowing for multiple outcomes including holiday accommodation and permanent occupancy • Strategic location just moments to pristine beaches, dining, retail and lifestyle amenities • High-demand market with sustained population growth with strong investor and owner-occupier appeal The combination of stable in-place revenue and DA-approved future potential positions the asset as a highly compelling investment, delivering both short-term income security and long-term value creation. For further information or to arrange an inspection, please contact agent. Principal Interest. Hannah Aria 0406 217 777 Australian Prime Realtor
Type
Block Of Units
Bedrooms
9
Bathrooms
6
Parkings
6

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