There are places in Australia where location does more than frame a business. It defines it. Hastings Street is one of them. Defined by sunshine, tropical coastal ease and quiet sophistication, it remains one of the country’s most tightly held tourism strips, where ownership is long term and opportunities to step in are few and far between.

That scarcity carries real weight within the accommodation and management rights sector. When an opportunity does surface, timing becomes critical and attention follows quickly. It is in this context that Two on Hastings Street emerges as a notable management rights business opportunity, reflecting the enduring appeal of Noosa’s most recognisable address.

Image Supplied - Calvin Bailey Management Rights

Set directly opposite Noosa Main Beach and moments from the Noosa River, Two on Hastings Street sits at the intersection of lifestyle, longevity and performance. It is an address that continues to underpin demand season after season, driven by Noosa’s ability to balance laid-back coastal charm with consistent, high-value tourism.

From early morning swims and coastal walks through Noosa National Park, to long lunches along the river and evenings spent strolling Hastings Street itself, Noosa offers a rhythm that keeps guests returning year after year. That repeat visitation remains a cornerstone of the local management rights market and one of the reasons Noosa continues to attract experienced and discerning operators.

“Two on Hastings management rights alongside its boutique local rent roll represent the perfect business in the perfect location,” says agent Alex Barker-Ré, L.R.E.A and Resort Sales Specialist at Calvin Bailey Management Rights. “With an exceptional manager’s apartment and office situated seconds from Noosa Main Beach and the Noosa River, this business and associated real estate would rank among Australia’s finest.”

The business comprises a Hastings Street management rights operation supported by a boutique external rent roll across the wider Noosa area. The complex includes 18 apartments, with 11 in the onsite letting pool, complemented by nine external letting appointments. It is a structure that delivers scale without complexity, appealing to buyers who value operational efficiency as much as income.

The building itself reflects the understated confidence of its location. A low-rise, two-level walk-up, it sits comfortably within the Hastings Street streetscape. Apartments are positioned on the Noosa Woods park side and feature private balconies, river frontage and access to a private pontoon, offering guests a quieter alternative while remaining only steps from Noosa’s cafés, restaurants and retail precinct.

A defining feature of the offering is the associated real estate. The manager’s residence is an expansive two-bedroom, two-bathroom apartment on Hastings Street, complete with a separate on-title office. It stands out in a market where quality manager accommodation is increasingly recognised as a critical component of long-term value.

From an industry perspective, opportunities like this highlight why management rights continue to attract buyers seeking stability alongside lifestyle. Long-term agreements established income streams and exposure to premium locations allow savvy operators to build sustainable businesses that perform through market cycles.

Financially, the total opportunity is priced at $4.2 million, including a $2.3 million management rights business generating net profit of $580,000 per annum, together with associated Hastings Street real estate valued at $1.9 million. The agreements are held under the Accommodation Module, with approximately 21 years remaining, providing the tenure that underpins confidence in blue-chip markets. Nightly tariffs range from approximately $310 to $770, reflecting the property’s ability to capture both premium short-stay and extended-stay demand.

More broadly, Two on Hastings Street is a reminder of what sets Noosa apart within the management rights sector. Limited development, enduring lifestyle appeal and consistent tourism fundamentals have created an environment where well-located businesses are not only resilient, but increasingly scarce.

For buyers stepping into the upper end of the market, it represents a rare chance to secure a foothold on one of Australia’s most recognisable streets. It also underscores how management rights can deliver more than income alone, offering long-term security, asset quality and a lifestyle few locations can match.