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Beachfront apartment sale smashes records in Noosa

first_imgA beachfront unit on Hastings Street in Noosa has sold for close to $11m.THE highest price ever paid for an apartment in Noosa has been eclipsed by the sale of a beachfront unit for just shy of $10 million.Records are tumbling in the seaside town following a resurgence in beachfront property sales, according to Tom Offermann of Tom Offermann Real Estate. This apartment at 6/55 Hastings St, Noosa Heads, has broken the record for an apartment sale in Noosa Heads.The property at 6/55 Hastings Street was listed with a price guide of $11 million and has sold for just under $10 million cash unconditional, although the exact sale price has not been revealed.The buyer is a middle-aged couple from Brisbane looking for a lifestyle change who plan to use it as a ‘lock and leave’ investment.The sale smashes that of the previous record for an apartment in Noosa, which was set in September when another beachfront unit at 2/23 Hastings Street sold for $8.25 million. The view from the apartment at 6/55 Hastings St, Noosa Heads.Marketing agent Roark Walsh of Tom Offermann Real Estate, who negotiated the sale with Nic Hunter, said the sale price equated to around $40,000 a square metre, which was the highest price per square metre ever achieved for an apartment in Queensland.Mr Walsh said the property attracted interest from expats and potential buyers from Sydney and Melbourne.“Hastings Street is probably one of the premier streets in Australia,” Mr Walsh said. “There’s only so much of it. We can’t redevelop it anymore.” Inside the apartment at 6/55 Hastings Street, Noosa Heads.The huge apartment spans about 240 sqm with an 8m beachfront terrace, and has three bedrooms and three bathrooms.It is one of only six apartments in the boutique Noosa Court building fronting Noosa’s Main Beach. Records show the property last sold in 1996 for $2 million. More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThe view from 6/55 Hastings Street, Noosa Heads.Earlier this year, another beachfront apartment in the La Mer building at 5/37 Hastings Street sold for $6.1 million. Tom Offermann of Tom Offermann Real Estate said recent interest rate cuts and looser lending criteria had bolstered market confidence.“Noosa Main Beach is one of a very few true, north-facing beaches on the east coast of Australia,” Mr Offermann said. “Noosa has an amenable subtropical climate and a town brimful with natural assets, which turns holiday-makers into property buyers — something I have experienced over 30 years.” One of the bedrooms in the apartment at 6/55 Hastings St, Noosa Heads.Mr Offermann said Noosa’s apartment market had topped the country for capital growth over the past year at a rate of 24.8 per cent. “The investment potential speaks only of enviable financial success for those who are fortunate to acquire their piece of Noosa Heads’ hottest real estate,” he said.last_img

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