The Courier-Mail - Home - - BEACHFRONT - EMILY BLACK

Con­struc­tion on a Coolum Beach res­i­den­tial de­vel­op­ment has started, and two pen­t­house apart­ments are all that re­mains to be sold.

Mo­saic Prop­erty Group’s Drift de­vel­op­ment is due to be com­pleted in Au­gust 2019 and is the third project the com­pany has car­ried out on the Sun­shine Coast. Mo­saic Prop­erty Group man­ag­ing di­rec­tor Brook Mon­a­han said in­ter­est had been strong and 70 per cent of buy­ers were locals.

“It has been 11 years since the last qual­ity apart­ment project was de­liv­ered in Coolum,” Mr Mon­a­han said. “There were 17 sales in the first two weeks the project was on the mar­ket and it was 65 per cent sold within a month.

“These buy­ers are well aware of how spe­cial Coolum is, and they’ve been wait­ing pa­tiently for a de­vel­op­ment of this cal­i­bre for a long time.”

He said the de­vel­op­ment had at­tracted in­ter­est from a range of buy­ers, in­clud­ing

85 per cent owner oc­cu­piers, 15 per cent of whom were down­siz­ing.

Mr Mon­a­han said the re­main­ing three­bed­room pent­houses, which are priced at $2.3 mil­lion and $2.45 mil­lion, have three car spa­ces each, plus ad­di­tional stor­age.

“They fea­ture oak tim­ber floors, high-end cus­tom join­ery and large pri­vate bal­conies, while the de­signer kitchens in­clude stun­ning de­signer tap­ware, two-pac cab­i­netry, ex­clu­sive range SMEG ap­pli­ances and fully in­te­grated french-door fridge/freez­ers.

“Hand se­lected nat­u­ral stone has been used in the bench­tops, is­land benches and splash­backs.”

Ac­cord­ing to CoreLogic, pen­t­house apart­ments in Coolum Beach are hard to find and tightly held.

The lat­est sale was in Fe­bru­ary 2018, when a three-bed­room pen­t­house, on the 13th floor in the Coolum Caprice build­ing sold for $1.57 mil­lion.

A search of realestate.com.au on June 21 re­vealed just four es­tab­lished pent­houses for sale in the beach­side sub­urb rang­ing in price from $725,000 to $1.8 mil­lion.

Mr Mon­a­han said a fourth Sun­shine Coast project at 100 Du­port Ave, Ma­roochy­dore, would be launched soon, and was set to be Mo­saic’s most lux­u­ri­ous de­vel­op­ment yet.

Mo­saic Prop­erty Group’s Drift is due to be com­pleted in Au­gust next year and all but two pent­houses have sold. It is the com­pany’s third Sun­shine Coast project.

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