South Stradbroke
2703 + 2704 Marina Studio and Marina 1 Bed Waterfront Apartments, Couran Cove Resort
FOR BOTH, FULLY OFF GRID APARTMENTS - $275,000 ONO
2
2
COMPLETELY OFF GRID WATERFRONT MARINA APARTMENTS
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.
RENTAL INCOME POTENTIAL
Studio approx. $450 per week
1 Bed approx. $550 per week.
BC Fees Approx. - $175 per week x 2
Council Rates Approx. - $40 per week x 2
Water & Power - NO COST
Investment in both Apartments - $275,000
Approx. Gross Income - $52,000 per annum ($1,000 per week)
Less Approx. Costs - $22,360 per annum ($430 per week)
NETT INCOME - $29,640 ($570 per week) = OVER 10% Return on your Money
OFF GRID CONSISTS OF THE FOLLOWING
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. The Body Corporates (Owners of properties on the Island) are in the full control and are slowly but surely sorting out the situation. There is definitely light at the end of the tunnel and it is shining bright. We believe the Island will be back within the next 12 months.
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.
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