Short-stay apartments in the Kyko Group’s Mon Komo development on Queensland's Redcliffe Peninsula are still available for purchase. The group is highlighting investor success stories and the area’s outlook to stimulate interest.
Total Property Group, which has been tasked with selling apartments in the development, last week outlined the story of Ray and Debbie Bell, who have just bought their second investment property at Mon Komo.
The group explained that the Bells' latest acquisition – which brings their portfolio total to 14 – is an ocean-front two-bedroom apartment, secured for $620,000.
Drawn to the Redcliffe area following a visit to family, the Bells made the decision to purchase in Mon Komo after taking time to analyse the local market.
“The Mon Komo development takes advantage of the natural features of the peninsula and offers uninterrupted ocean views to Moreton Bay Island in the east and clear views to the Glasshouse Mountains in the west – you can’t find views like that anywhere else around Brisbane,” Mr Bell was quoted as saying.
He also predicted the Redcliffe market would experience positive growth in coming years.
“I expect to see great growth ... over the next few years and with the planned rail link to Brisbane going ahead, people can live at the seaside and have an easy commute to the city,” he said.
Mon Komo is a mixed-use development consisting of short-stay accommodation (operated by Oaks Hotels and Resorts), residential apartments, eateries and commercial offices.
The short-stay operations have been functional since 2012.
Mon Komo marketing manager and Total Property Group managing director Adrian Parsons explained that a variety of floor plans are available for sale in the short-stay section.
“Apartments in the Oaks Mon Komo short-stay tower are priced from $285,000 for a one-bedroom design and there is a selection of layouts up to three-bed dual-key plus study configurations,” Mr Parsons said.
Mon Komo, at 99 Marine Parade, has recreational facilities that include gymnasiums and internal and external swimming pools.