Redcliffe is experiencing a limited availability of new oceanfront apartments, with the Mon Komo development offering the only new prestige beachside 4.5-star short-stay investment apartments on the market in the Brisbane region.
Kyko Group’s $150 million, award-winning, mixed use Mon Komo development is well positioned as strong activity continues to grow in the prestige property market.
Mon Komo offers uninterrupted sweeping ocean views, with a sought-after north-east aspect to make the most of the sun, within close proximity to Brisbane’s CBD and airport.
The Mon Komo development consists of a residents only apartment tower, a 4.5-star short-stay Oaks apartment tower, gymnasium and swimming pool facilities, professional suites, plus the vibrant Mon Komo Hotel, with function rooms suited to corporate or social events, restaurant, bars and a variety of entertainment.
Oaks Mon Komo has achieved a year to date occupancy rate of 83.77 per cent, surpassing Oaks Hotels and Resorts well performing Brisbane property portfolio by more than five per cent.
Mon Komo developer Kyko Group searched the east coast’s capital cities looking for the next lifestyle hotspot and Redcliffe showed outstanding potential, Kyko Group director Bill Jenkings said.
“Australians love coastal living and to be able to build a two-tower oceanfront development with a hotel in a lifestyle destination close to the Brisbane CBD and the domestic and international airport was a key criteria for Kyko Group,” Mr Jenkings said.
“We could see where Redcliffe was heading, being revitalised into a cosmopolitan seaside village offering a relaxed coastal lifestyle,” he said.
“After finding the prime location, we developed Mon Komo within walking distance of chic waterfront cafes and restaurants, and the strip boutique shopping precinct along the streetscaped esplanade with a swimming lagoon, amphitheatre, sports court and outdoor gym equipment.
“Our vision was to create luxury lifestyle apartments unlike any others on the Redcliffe esplanade to attract investors and seachangers looking for prestige oceanfront properties.
“We also looked at the trends in apartment living and designed expansive balconies capable of fitting lounge suites to create spacious indoor-outdoor living areas with uninterrupted ocean views.
“It was also important to include the added feature of excess storage space, as people are downsizing from family homes to apartment living.
“Research also shows there is a high level of demand for pet-friendly residential apartments, as people increasingly have small pets as part of their family, so we made Mon Komo’s residential tower pet-friendly.”
Mon Komo marketing manager and TOTAL Property Group director Adrian Parsons said while many new apartments are currently being constructed in the Brisbane CBD, buyers looking for unique oceanfront lifestyle properties close to Brisbane have a very limited choice.
“Mon Komo offers some of the only new prestige oceanfront residential and investment apartments in the prime location of Redcliffe, far enough away from the city to feel like you are on vacation but close enough for an easy daily commute,” Mr Parsons said.
“To have a luxury new oceanfront apartment so close to Brisbane is a privilege as the closest other options would be the Sunshine Coast or the Gold Coast,” he said.
“Another benefit of buying a new apartment at Mon Komo is the purchaser can move in straight away or rent it for an immediate investment return, they are not waiting for construction of the property.
“Apartments in Mon Komo’s residential tower are priced from $335,000 for a one bedroom design and there is a selection of layouts up to three bedrooms plus study configurations.
“The Mon Komo residential tower offers the ultimate in apartment living, with superbly designed one to three bedroom apartments featuring floor to ceiling glass maximising natural light and waterfront views, oversized balconies, spacious open plan layouts seamlessly integrating indoor and outdoor areas, timeless stone and timber finishes, entertainer kitchens equipped with European appliances, ample storage space throughout, and laundry facilities.
“Investment apartments in Oaks Mon Komo tower are priced from $285,000 and offer a return of 6.3 per cent plus room for capital growth – far better than the returns on offer from banks and financial institutions.
“There is also the additional security and peace of mind provided by Oaks Mon Komo’s performance undertaking agreement, guaranteeing a return of permanent tenancy rates for the first two years.
“Oaks Mon Komo short-stay tower investment apartments range from one bedroom starting at $285,000 to three bedroom dual key configurations and offer an immediate investment return starting at $345 per week, enviable occupancy rates with strong demand for accommodation year-round, and are sold fully furnished with a two year income guarantee.”
Situated at 99 Marine Parade, Redcliffe, Mon Komo is easily accessible to major urban environments, just a short drive to Brisbane’s CBD, with convenient access to Brisbane Domestic and International Airports.
Information supplied by Louise Carroll Marketing