By JONATHON HOWARD
GANGBUSTER apartment sales at Veridian, a luxury resort listing on Hastings Street and several Witta Circle house sales are helping build confidence in Noosa’s high-end property market.
The Sheraton Noosa Spa and Resort has been listed on the market for sale this month, following a previous attempt to sell the luxury resort in 2011.
The 176-room Sheraton, which covers 9946 square metres, was listed by owners Valad Property Group Ltd, with an anticipated price expected to exceed $100 million, however a price has not been listed.
The Valad Group had purchased Sheraton Noosa Resort and Spa in 2007 for $93.6 million from the Starwood Hotel and Resorts Group – Starwood continues to manage the resort.
A multi-million dollar refurbishment has also just been completed at the Sheraton Noosa and includes improvements to the porte cochere (entrance facade), rooms, bathrooms, corridors, restaurant and bar plus key services such as air conditioning and lifts.
Veridian Noosa residential sales have reached 75 per cent capacity, with only two luxury villas remaining.
Belle Property Projects sales manager Mat Cassidy, who manages the Veridian portfolio, said the company had made about 100 sales since early 2013.
He attributed the sales turnaround to greater interest from buyers and the attractive Noosa lifestyle.
“There’s renewed interest in the Veridian apartments for the amazing location and lifestyle it offers, but also for competitive prices,” Mr Cassidy said.
Mr Cassidy said there were now two villas remaining and one two-bedroom apartment, plus about 30 one-bedroom apartments priced as low at $295,000.
“There’s a range of price options for people looking from $2.1 million to $295,000,” he said.
In further property news, a waterfront home at Witta Circle, which belonged to Bob Biddle (founder of Origin Healthcare) and his wife Renee, has sold for $6.5 million.
The Noosa Sound home, 25 Witta Circle, is a 600 square metre property with four bedrooms, three bathrooms and a 20-metre lap pool.
The home was believed to be purchased by a couple from New Zealand who work in the insulation industry.
The Biddles sold their Melbourne penthouse in St Kilda Road for $15.4 million in 2009 having purchased 25 Witta Circle for $8.25 million in 2008 from Graeme Cutler.
They Biddles also reportedly spent about $2 million on rebuilding parts of the house.
Meanwhile, the Biddles’ former neighbour and current chairman of the Essendon Football Club Paul Little, has listed his Witta Circle property as “under contract”.
Mr Little, who is also the former boss of Toll Holdings, reportedly placed the property on the market in 2011 for $7.2 million, having paid $7.6 million in 2007 prior to the global financial crisis.
