An expansive, leafy block that was the focus of a disputed development application has drawn strong buyer interest after it was put on the market.
No.27 Attunga Heights, one of the largest vacant landholdings in the area, occupies a prime position above Noosa’s Main Beach and comes with scaled-back approval for six dwellings at one end of the site.
Will Carman, director of CBRE Brisbane, described the land as “incredibly rare” and said there was significant interest from prospective buyers.
“It’s an irreplaceable 1.8 hectares of land within immediate walking distance to Hastings Street,” he said.
“It was put on the market and has been very hotly contested.
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Mr Carman said the land could suit a range of buyers including “high-net-worth individuals for their house, residential developers (or) potentially short-term accommodation (providers)”.
The property information memorandum stated that it was the “last remaining premium development site of scale within Noosa Heads” and offered “exceptional potential to deliver a luxury enclave in a highly constrained and tightly held coastal market”.
The land was previously the subject of much contention.
David Neate’s development application for two detached houses and 12 units was refused by Noosa Council and criticised by several locals, including conservation group Friends of Noosa Hill.
Mr Neate appealed the decision in 2020 before an agreement was reached, including approval for six dwellings within a 3842sqm total construction footprint.
The property information memorandum stated that the approved dwellings “were positioned to maximise privacy and elevation”.
“These dwellings are designed to take advantage of the site’s natural topography, each featuring a private garage, spacious internal living areas and outdoor spaces such as balconies or decks, with gross floor areas ranging from approximately 295sqm to 417sqm,” it said.
“With limited undeveloped land remaining in Noosa Heads and continued upward pressure on property values, this development-approved offering presents both immediate development upside and a secure long-term land banking opportunity.”
A price point was unavailable but it’s expected to sell for more than $10 million.
Expressions of interest close on October 16.
