First Capricorn Coast development in five years nearing completion
The first significant apartment development to be built on the Capricorn Coast in five years is nearing completion, with finishing touches to wrap up by the end of the month.
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The $35 million Oshen development in Yeppoon will feature 61 one-, two- and three-bedroom apartments across five levels, including penthouses.
Developed by Concept Living Properties, Oshen is the first project to deliver one-bedroom apartments on the Capricorn Coast.
“The construction team has done a great job in overcoming the problems of wet weather to deliver this project on time,” says CLP director Sandy Murdoch
“It means buyers can look forward to taking ownership of their apartments in January,” says Murdoch.
Sales have totaled more than $27 million with 10 one- and two-bedroom apartments remaining priced from $339,000 and ranging in size from 55 square metres to 234 square metres.
Oshen will feature conference facilities, a swimming pool and a barbeque area.
“These new facilities position the Capricorn Coast well to tap into the corporate market as well as the leisure market,” says Capricorn Enterprise chief executive Mary Carroll.
“It will go some way in meeting the needs of our growing population and heralds the addition of a sophisticated new accommodation option for both leisure and business travellers,” says Capricorn Enterprise chairman Graham Scott.
Scott says the development is crucial for the Capricorn Coast tourism industry and it will be a catalyst for further tourism-oriented development in the area.
The median unit price in Yeppoon is $290,000, a 5.7% decrease in the past year, according to RP Data.