2703 + 2704 Marine Studio and Marine 1 Bed Waterfront Apartments, Couran Cove Resort, South Stradbroke QLD 4216

FIRST TIME EVER ON THE MARKET
BOTH WATERFRONT MARINA APARTMENTS FULLY OFF GRID.

These apartments (side by side) are ready to move in for permanent use for an owner occupier or simply as an investment. These are the only apartments that are for sale on the Island, that are totally off grid and self sufficient.

CURRENT RENTAL INCOME (BOTH with 12 Month Leases in place)

Studio approx. $400 per week (12 Month lease in place till end of 2025)
1 Bed approx. $550 per week. (12 Month lease in place till end of 2025)

BC Fees Approx. - $72 per week x 2
Council Rates Approx. - $40 per week x 2
Water & Power - NO COST

Investment in both Apartments - $300,000

Approx. Gross Income - $49,400 per annum ($950 per week)
Less Approx. Costs - $5,824 per annum ($112 per week)

NETT INCOME - $43,576,160 ($838 per week) = Close to 15% return on your Investment

OFF GRID CONSISTS OF THE FOLLOWING (EACH APARTMENT)

SOLAR POWER
* 10 KW Battery
* 17 Solar Panels
* 6 KW Inverter

WATER SYSTEM
* Filtration water system with ultra violet (kills bacteria)

GAS
* Gas Bottles for gas stove.

SECURITY
* Smart Locks with Camera System - Wireless

SEWERAGE
* Currently every 2 weeks the Sewerage Pitts are maintained manually by the BC.
The Body Corporates are working on a trialing an updated sewerage system.

FULLY FURNISHED
* Each Apartment comes fully furnished
* Brand NEW Smart TVs

UPDATE ON COURAN COVE IN GENERAL

INFRASTRUCTURE

Please Note : Currently all power, water and gas has been disconnected on Couran Cove Resort and the resort and resort pool is closed.

LEGAL DISPUTES

There are still on going legal disputes between the resort owners and the numerous Body Corporates.

MAIN POINTS FOR PROPERTY CONTRACTS on Couran Cove.

Please see following special conditions that will be in all property contract.

1. The Buyer confirms that prior to executing this Contract, it has made its own enquiries in relation to the Body Corporate(s) pertaining to the Lot and is aware of the pending court proceedings in relation to the Body Corporate(s), meetings held by the Body Corporate(s), ongoing litigation, and the current status of same.

2. The Buyer is aware that it is possible that such litigation and/or meetings of the Body Corporate(s) could result in the issuance of notices after the Contract date requiring the owner of the Lot to pay special levies or other levies ("Post Contract Levies").

3. The Buyer and Seller agree that the Seller is liable for all payment of all Body Corporate Levies (including those that are not issued yet) for any period up to and including settlement date and that an adjustment will be made in the settlement statement in this regard as per clause 2.6(2) of the terms of contract.

4. The Buyer indemnifies the Seller and Agent and will keep the Seller and Agent indemnified against any and all liability arising after the settlement.

5. The Buyer waives the cooling off period.

6. The property is Sold "Where is, as is"

7. 10% Deposit with a 14 Day Settlement.

DOG APPROVAL

The Body Corporate Bi Laws state that only comfort/assistant dogs are allowed on the Island and you would have to apply to the Body Corporates for approval.

FINANCE

Unfortunately No Banks or financial institutions are currently lending on the island.
(Only if a mainland property is given as security)

THE ISLAND

Nestled among the trees on this tropical island, only minutes from the hustle and bustle, glitz and glamour of the Gold Coast, these apartments present an exciting future investment or personal lifestyle holiday home opportunity.

Please contact Couran Cove Specialist - Critton Astras on 0412 074447 for more information.

Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Astras and Bond Estate Agents and its employees cannot be held responsible for any inaccurate details supplied here. Buyer/s must do their own due diligence regarding infrastructure, drawings, floor plans, council approval, boundary lines on photos and measurements etc. these have not been verified by Astras and Bond Estate Agents.