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Saving The Best For Last: Mon Komo Releases Final Penthouse

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The final luxury penthouse has been released for sale at the $150 million Mon Komo mixed-use development in Redcliffe, as the residential tower approaches sell-out with just 17 apartments remaining for sale.

Kyko Group’s Mon Komo development incorporates:

  • A residential apartment tower,
  • A 4.5 star investment apartment tower,
  • Resort style recreational facilities including gymnasiums and swimming pools,
  • Boutique retail, such as the beautiful and atmospheric studio of renowned Artist Jo St Baker
  • The Mon Komo Hotel, with function rooms for corporate or social events, restaurant and bars.

The final luxurious three bedroom plus multi-purpose room penthouse at Mon Komo is priced at $1,305,000 and offers 247 square metres of spacious living, two large private balconies and floor to ceiling glass allowing the resident to enjoy expansive ocean views from the moment they wake up.

The penthouse consists of a master suite with ensuite, large private balcony with an additional two bedrooms, a main bathroom plus guest powder room, a multi-purpose room, three car spaces plus storage in the secure basement area and an expansive entertainer’s balcony.

Mon Komo Marketing Manager and TOTAL Property Group Managing Director Adrian Parsons said from both a financial and lifestyle viewpoint the release of this final penthouse offers the perfect opportunity for a discerning buyer who is seeking a penthouse lifestyle.

“The latest penthouse and apartment sales signifies a shift in the prestige market, with strong demand for unique oceanfront lifestyle properties close to Brisbane.

Mr Parsons said Mon Komo caters for buyers seeking the best and most luxurious waterfront living options.

“The Mon Komo residential tower offers the ultimate in apartment living, with the remaining 17 apartments including a selection of layouts from up to three bedrooms plus study (247m2) configurations,” he said.

“Our remaining apartment stock consists of three-bedroom two-bathroom apartments priced from $595,000, two-bedroom two-bathroom apartments priced from $695,000 and one-bedroom one-bathroom apartments priced from $355,000.”

yko Group Director Bill Jenkings said the location and design of Mon Komo were carefully selected to deliver the greatest potential for strong capital gains over time.

“There has been a positive shift in the prestige market and as a result we have decided to release the final penthouse and begin wrapping up this development,” he said.

“Mon Komo offers some of the only new prestige oceanfront residential and investment apartments in the idyllic location of Redcliffe, situated far enough away from the city to feel like you are on a permanent holiday but close enough to allow an easy daily commute.

“The penthouse and residential apartments offer a great opportunity to make a lifestyle investment in this seaside haven, with a variety of restaurants, cafes and shops all within walking distance of Mon Komo and an award-winning hotel located on site.

“Australians love coastal living and the Redcliffe esplanade presented the perfect location for us to build an oceanfront two-tower mixed-use development incorporating a hotel in a lifestyle destination close to the Brisbane CBD plus Brisbane’s domestic and international airports.

“Our vision was to create luxury lifestyle apartments with the highest quality of design and building principles to attract investors and sea-changers looking for prestige oceanfront properties and Mon Komo has been very well accepted in the market place, with initial strong buyer interest intensifying as the residential tower approaches sell-out.”

Situated at 99 Marine Parade, Redcliffe, Mon Komo is easily accessible to major urban environments being just 35 minutes’ drive to Brisbane’s CBD and 25 minutes from Brisbane’s domestic and international airport, with the new $1.15 billion dual-track rail link connecting the Redcliffe Peninsula to the Brisbane CBD currently under construction.

Original article published at www..theurbandeveloper.com  by Staff Writer 23/9/16

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Developments

Developer Proposes Moreton Bay Marina Hotel and Apartment Project

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Brisbane-based developer Kindred has lodged plans with the Moreton Bay Regional Council for two 10-storey buildings along Newport’s picturesque marina.

The 11,133sq m site is owned by local business owner Joshua Kindred, who is the CEO of Kindred Group.

The proposal, to create a “world-class marina” has been lodged on behalf of Kindred by planning group Urbis.

The first of the two proposed towers will comprise a 120-room hotel and 24-serviced apartments.

The second building will be entirely residential, with 93 apartments.

Designed by Rothelowman, the Griffith Road development will deliver a 555sq m conference facility, 980sq m of retail, as well as restaurants, bars, and office and marine facilities.

“We need more places like this. We have great festivals around here yet no where for people to stay,” Ryan Elson of the Redcliffe Peninsula Chamber of Commerce said.

“We have a lot of people coming in a 10 and leaving at 4, what we would love is for them to be able to stay the night to be able to experience the Peninsula for what it is and the short term accommodation will be amazing for that.”

 

moreton development

Artistic impressions of what the Newport Marina development at 156 Griffith Road.Image: Rothelowman

The project is a record investment for a private development in Redcliffe Peninsula.

“We have more than 4 million visitors expected in the Moreton Bay region in this financial year,” Attorney General of Queensland the honorable Yvette D’Ath said.

“We don’t have enough short term accommodation or function centre space and that is what a development like this will provide.”

The development plans to create a leading education and science facility onsite, that also provides education to locals and tourist on the wonders of the bay and its inhabitants.

A 90,000L outdoor aquarium has also been proposed for the site which will double as an acoustic barrier, treating sound from the ground floor area.

An innovative bike share program for the Redcliffe Peninsula has also been sounded out as part of the development, to be set up through government agencies or a privately funded initiative.

Plans have also been sounded out for an innovative ‘shared solar car’ program within its residential offering.

Residents on site will also be able to book a shared solar car to use at their leisure.

The building heights surpass the Moreton Bay Planning Scheme where the Marine Industry precinct and surrounding buildings have a height limitation of 15 metres.

This has drawn pushback from local action groups who have voiced their concerns.

The development will now be subject to council approval.

Source:theurbandeveloper.com

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Property Group Buys Land Plots for Development in Brisbane’s North

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Property Group Buys Land Plots for Development in Brisbane’s North
Brisbane-based property group, CFMG capital has acquired two land parcels in Brisbane’s growing northern corridor to develop a 130-lot residential project.

The land parcels total 6.72-hectares at Graham Road, Morayfield, and each lot will provide a new house ranging from 300 to 687sq m. The acquisition will take CFMG’s pipeline to more than 1,000 lots across Queensland and Victoria.

CFMG managing director Scott Watson said pre-release marketing had generated strong sales enquiry from both owner -occupiers and local volume builders looking to secure land for their clients.

“The momentum of the project is expected to continue with official data indicating the demand for quality affordable projects in strong growth corridors forecast to continue,” he said.

Since 2009 Morayfield has experienced an average of 2.5 per cent population growth, higher than the state average of 1.8 per cent.

The project also benefits from close proximity parkland facilities, schools, childcare, shopping centres, specialty retailers and public transport networks.

CFMG Capital operates two core divisions: a residential communities’ development business and residential funds management business which has raised more than $90 million in third party equity.

According to the company, sales in Morayfield have already been strong with 40 pre-sales already in place and current contract exchanges totaling a sales value of $7.2 million.

In the first half of the 2017-18 financial year CFMG secured more than 200 sales across six separate projects in Queensland and Victoria.

“Through most of calendar year 2017 we saw significant spikes in both enquiry and ultimately sales, and as a result we were able to achieve incremental price growth across multiple projects without noticeable impact on sales rates,” he said.

“Particularly in the back half of 2017, there was a strong appetite for land registering in early 2018 which could attract a premium price.

CFMG recently secured a 6.8-hectare land parcel in Bridgeman Downs, 12 kilometres north of the Brisbane CBD.

Originally Published: theurbandeveloper.com

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$250 million mixed-use development a boon for north Brisbane suburb

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$250 million mixed-use development a boon for north Brisbane suburb

Richards and Spence has incorporated elements such as the corner clock tower to make the development feel more like a “village” and less like a shopping centre. Image: Richards and Spence

Moreton Bay Regional Council has given the green light to a 1.7-hectare mixed-use development which will transform one of Queensland’s fastest growing areas.

With Brisbane-based practice Richards and Spence as lead architects, the Laguna development will be built in the heart of the suburban area of North Lakes, 26 km north of Brisbane.

It will feature 5,000 square metres of fashion, food and beverage retail space; a 140-room hotel; 2,000 square metres of health and wellness facilities; a 1,500-square-metre “resort-style” restaurant and bar; a convention and events centre and a publicly accessible aquatic centre with a lagoon-style pool.

Laguna by Richards and Spence features a publicly accessible aquatic centre with a lagoon-style pool. Image:  Richards and Spence.

Moreton Bay mayor Allan Sutherland said at the time of approval that the project would add to the 7,700 jobs in the North Lakes area, provide public green space and bolster the suburb’s reputation.

Originally part of Mango Hill, North Lakes was gazetted as a separate suburb in 2006, with its name derived from the masterplanned estate developed by property group Stockland. The suburb’s population has since grown exponentially, with the 2011 census recording a population of 15,046 and the 2016 census recording 21,671 people living in the area.

Richard and Spence director Ingrid Richards said “middle-ring” or “fringe” suburbs such as North Lakes often lack the cultural and social amenity associated with living close to the city. She said that as Australian cities grow outwards, developers, retailers and councils alike have “not just an opportunity but an obligation to help alleviate this shortcoming.”

“It’s critically important to provide quality retail and mixed-use amenity for the population that will call these areas home,” she said.

The Laguna development is intended to deliver this amenity all in one go. Richards said, “It’s got a complexity, and it’s got a depth to it as a suburb, as a fully functioning place.”

The precinct will be centred on a tree-lined, pedestrian-orientated high street, to be known as Laguna Drive, which will feature retail, cafe and outdoor dining space.

“We’re trying to raise the bar of what is good public space, of what is a good, exciting, engaging retail environment,” Richards said.

The two office buildings, designed by Nettleton Tribe. Image:  Nettleton Tribe

In addition to the retail and hospitality offerings, the project will also feature 10,500 square metres of office space across two buildings designed by Nettleton Tribe.

Richards said it was vital that jobs were created through the development.

“As a complete, masterplanned development…you can actually work there,” she said. “Everyone’s not necessarily driving to Brisbane for work, because there is business there. So, it’s not just a housing development, and that’s an important distinction to make.”

The project is being developed by the George Group in conjunction with Pointcorp.

Construction of the project is planned to commence in early 2018, with completion slated for late 2020.

Originally Published: architectureau.com

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