Erle Levey
It’s a landmark site that is being regarded as an opportunity of a lifetime.
The auction this month of 7 Noosa Parade, Noosa Heads, marks the first time the site has been offered for sale since the original development of Noosa Sound in the 1970s.
Marketed by Chris Miller of Tom Offermann Real Estate, the 1120sq m property enjoys 20.2-metre frontage to both the water and to Noosa Parade. Included are three two-bedroom, one-bathroom, one-car apartments, a commercial office and jetty.
It has complete parkland frontage to the east and at the waterfront to the west.
Agency principal Tom Offermann said 7 Noosa Parade was one of those sites that won’t be fully appreciated by most people until it is redeveloped into the most luxurious apartments or a stunning home.
With parkland on both sides at the waterfront, and Noosa’s Main Beach just two minutes across the road, it is regarded as an opportunity in a lifetime.
“To obtain a waterfront site like this on Noosa Sound would normally require buying two adjoining properties which is virtually impossible, making this a one-off opportunity which cannot be repeated.
“The holding income from the existing three properties on the site is a bonus.’’
With Noosa Sound having been developed in the 1970s on the former Hays Island, the site has more than 40 years of history.
It was the original sales office of Noosa Sound.
Chris Miller said it was an honour to be marketing the property, especially with the multiple opportunities it provided.
“What sets it apart is the size, and that it has street frontage and river frontage,’’ he said.
“It is an exciting opportunity for a waterfront development site with such close proximity to Hastings Street.
“Given the size of the site, the proportions of a residence you could build is substantial.
“Otherwise, with medium density residential zoning it could be developed as two, three or four apartments of a size and finish to capitalise on the investment.’’
There has been a very strong level of inquiry from all of those options, Mr Miller said.
International interest as well as a substantial portion from interstate.
Yet there has been a really strong contingent of locals who have looked at that site for decades.
“It’s interesting when you see what has been happening in Noosaville with high-end apartments.
“That has not been tested so close to Hastings Street without being on the beachfront.
“It’s one of a kind.
“The owners have progressively secured the four lots over a period of time.’’
Noosa Sound waterfront sites were marketed from $14,000 in the 1970s. What they are worth now will be tested on September 18 at 11am.
FACTS:
Land Stats: 1120sq m total area, 20.2m Noosa Parade frontage, 55m site length, 20.2m waterfront.
Building Stats: commercial office 117sqm; apartment one – 108sq m; apartments two and three – 126sqm; all apartments are two-bedroom and have balconies/terrace; rooftop terrace – 7.2m by 6m; jetty 3mx5m; carports: four.
