Sunday, July 17, 2011

Viridian Noosa - Receiver's Sales

Viridian Noosa, an Outrigger managed short stay development, went into receivership. The receivers are now trying to off-load the substantial amount of unsold apartments and villas. One bedrooms are listed as being for sale from $339,000 including furniture; two bedrooms from $680,000. The one bedrooms were initially marketed at over $500,000 each. The property is not in the greatest location, a long walk up the hill from the beach and Hastings Street. Most apartments have no outlook or an unattractive outlook.

1 comment:

Annette Higgins said...

Looking at the real ad, $360k is a high asking price for a 1 bedroom apartment with 52m2 internal space. Recent sales of 1 bedroom apartments in Caloundra (in good locations) suggest the 1 bedders in Noosa will struggle to get much more than $250k. If the developers look at the recent auction sales at Rumba resort (47% below original advertised prices) thet may receive a reality check.