STUDIO LAGOON Apartment Features

* Large Studio and Living Area
* Family size bathroom
* Kitchenette
* Fully Furnished
* Veranda and deck area

- Current Body Corporate Fees – approx $10,000 per annum ($195 per week)
(These fees will drop to approx $7,500 per annum within the next 6 months, $145 per week)

- Current Council Rates etc – approx per $2,500 per annum ($45 per week)

INFRASTRUCTURE

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

Following are the Main Points that the Body Corporates are currently working on.

• Current Infrastructure – Sewerage Plant/Water Plant/Diesel Plant
* Alternative Off Grid Solutions – eg Solar, Battery, Spear pump, Etc
• Marina – To be opened to all watercrafts.
• Swimming pools to be cleaned / open and maintained.

Currently numerous owners have been setting up there property’s on the island off grid. Installing the following.

* Solar Panels and 10kw Battery
* Back up Generator
* Spear Pump and Water Filter
* Water Storage Tanks
* Sewerage – BC are investigating a cost effective solution regarding the sewerage.

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.

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 call Critton 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.