18 Dec 2024
Words AccomProperties

Prestige Residential adds to premium portfolio with Number One in Hastings Street through ResortBrokers

ResortBrokers Sunshine Coast agent Chenoa Daniel has sold the management and letting rights for Number One in Hastings Street, widely regarded as Noosa’s most prestigious privately-owned resort.

Prestige Residential acquired the rights in an off-market deal following an expressions of interest campaign. The rights, which had been held by the resort’s original developers, were sold for the first time since the five-star property opened its doors 30 years ago.

The acquisition marks the latest in a series of premium management rights purchases by Prestige Residential, which includes Oceans Mooloolaba Beach and Mirvac’s luxury high-rises Quay and Isle in Brisbane’s Waterfront Newstead precinct.

The 26-apartment Number One in Hastings Street occupies the coveted ‘Paris end’ of Noosa’s premier boulevard. It offers a collection of self-contained one-, two-, three-, and four-bedroom apartments, including penthouses, with panoramic views of Noosa Main Beach, Laguna Bay and Hastings Street itself.

“This landmark transaction was two years in the making due to the de-coupling of the manager’s unit and other unique complexities,” says Ms Daniel, who has settled 13 management rights transactions this financial year with a combined asset value exceeding $35 million.

“The vendor hands over a truly exceptional resort whose timeless design remains remarkably on trend, despite its 30-year history. I’m thrilled Number One in Hastings Street will now be managed by Prestige Residential, a company with the expertise and pedigree to oversee luxury properties of this calibre.”

“Acquiring the management rights for Number One in Hastings Street represents a significant milestone for Prestige Residential,” says Ben Orton, Managing Director, Prestige Residential.

“This iconic resort, with its timeless design and unparalleled location, perfectly aligns with our commitment to managing and enhancing Australia’s most prestigious luxury properties. We look forward to delivering an exceptional guest experience and ensuring Number One in Hastings Street remains the benchmark for luxury in Noosa.”

Prestige Residential has announced plans to temporarily close Number One in Hastings Street in March 2025 to facilitate an external repaint and general refurbishment, with the resort scheduled to reopen in December 2025.