Undoubtedly the most prestigious waterfront property that has been placed on the market on Couran Cove Resort, South Stradbroke Island since the resorts inception.

The renovation and refurbishment of this 4 Bedroom, 2 bath Villa can be only described as STUNNING. The Villa has two Loungerooms re Furbished and designed to a Hamptons holiday feel.

- Body Corporate Fees – approx. $14,000 per annum
- Council Rates etc – approx. $2,422 per annum
- Pontoon license – $4,000 per annum
- Contents Insurance and buggy rego and insurance

The Villa is fitted with
* Complete off grid Solar System
* 18 x 440 w Solar panels
* 2 x 8.5 KW Batteries
* 1 x One Inverter
* 1 x Backup Generator

PLEASE NOTE – This will run all of the house – air conditioners and Heaters

* 5,000 litre tank of water
* Water Pump
* A good quality filtration system
* 1 x 8.5 Power Master Generator with 160 litters fuel tank.
* Boxed in a sound proof container with proper ventilation installed.
* 1 x 100amp Charger

3 x areas of irrigation for watering all plants
2 x bottles of gas installed.
4 x TV’s installed – with a Star link internet system
1 x Golf buggy
8 x cameras installed and three camera alarms – both on phone apps
12 monthly Rental on Pontoon in front of Villa

Comparable homes in the vicinity and across the water are demanding 1.5 million dollars plus, which makes this home great value. All the work has been completed ready for you to enjoy the lifestyle that most people dream about. Please call Critton on 0412 074447 to arrange a one on one inspection. (Only serious buyers will be considered)

RENOVATION FEATURE POINTS

CUSTOM DESIGNED KITCHEN

- Custom cabinetry – Pantry with soft close doors and drawers.
- Stone benchtops
- New fridge, oven, microwave, gas stove SMEG range hood

BATHROOMS.

- Two Bathrooms
- Four New Taps
- New Exhaust
- New Towel Rails

BEDROOMS

- Four Bedrooms all repainted
- New underlay and carpet throughout Villa
- Air conditioning in all bedrooms (Hot/cold split systems)
- All furniture – Hamptons Style
- All new Ceiling Fans

LAUNDRY AREA
- 6 kg Washing machine

GENERAL AREAS

- Gas fireplace
- New Crimsafe security screens at all door entries to Villa.
- New smoke detectors throughout
- New LED downlights throughout
- New light switches and power points replaced
- Walls and ceilings painted throughout
- All timber floors sanded back and refinished
- New roller blinds throughout
- Two New air conditioners
- Two Bedrooms and Dining area have plantation shutters
- Two Large Domestic Fridges in storeroom.

EXTERIOR WORK

- All outside windows have wide architraves added
- Exterior shadow cladding panels replaced on all four sides
- New Walk around Merbau decking
- New Merbau entrance walk way
- New Merbau Decking off Buggy Shed
- New Merbau Steps off Buggy Shed
- Tiled entrance to Storage room and front door.
- Cladding prepped and entire Villa repainted.-New Colour – (Salt) Deluxe
- New downpipes
- New fly screens to all windows
- New plumbing and pipes installed under Villa
- Rear Top deck sanded back and re-stained
- Electric cooktop and Oven on top Deck
- Rear Bottom Deck built
- All Railings painted
- New Railings and Wire on both decks
- Pontoon with fenders at rear of Villa – Licensed
- New Walkway from pontoon to Villa
- 8 Security Cameras installed

PLEASE NOTE

- All Furniture is included.
- Buggy Shed with tools
- A licensed 4 seater golf buggy is included
- All Tools included
- Five Bikes included
- Two Kayaks

BACK UP POWER and WATER

- One 7.5 KVA Power Generator – Petrol
- One 5000 Litre Water Tank in Ground
- One Hot and Cold Water Pump
- One large Infiltration Motor
- 150 litre fuel Tank
- One Back up Gas
-120 Native Plants – Planted
- All plants serviced by Sprinklers

INFRASTRUCTURE
Please Note : Currently all power, water and gas has been disconnected on Couran Cove Resort and the resort is currently 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.
• Sewerage – BC are investigating a cost-effective solution regarding the sewerage.
* Proposed Judgements/Special Levies – Currently the Body Corporates are challenging these Judgements and special levies in the courts.

LEGAL DISPUTES

There are still several ongoing 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. Litigation and/or meetings of the Body Corporate(s) could result in the issuance of notices requiring the owner of the Lot after to pay special levies or other levies.

MAIN POINTS FOR PROPERTY CONTRACTS on Couran Cove.

Please see following special conditions that will be in all Couran Cove property contracts.

a) 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 possible court proceedings in relation to the Body Corporate(s), meetings held by the Body Corporate(s), ongoing litigation, body corporate levies and special levies payable, the supply or lack of supply of services including power, water, sewerage and operations of any common facilities (“the Dispute”).

b) The Buyer is aware that it is possible that the Dispute 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.

c) The Buyer indemnifies the Seller and Agent and will keep the Seller and Agent indemnified against all liability arising after Settlement.

d) The property is sold “where is, as is”

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

Negatives
• Currently the resort is closed (Included all swimming pools)
• ALL SERVICES – Power/Water/Gas and Sewerage have been cut off.
• There is no time frame set for when services would be restored.
• Currently the Marina has been blocked, (boats can enter through Z Arm or side of A Arm).
* Currently there are no Ferry’s that service the island.

Positives
• BC Fees have been reduced.
• Owners have taken control of ALL 5 Body Corporates (Eco, Marine, Lagoon, Villas and the CBC)
• A bout 40 properties on the island have set up their property off grid. ie. Generator, spear pump, water filtration system and Solar etc.
• Once the Infrastructure is back on property prices will increase.
• There has never been a better time {price wise) to buy a property in Couran Cove.
* Proposed Special Levies and Judgements are being challenged by the Body Corporates in the supreme court.

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

RESORT AMENITIES (WHEN OPENED)
* 25m pool
* Two Children’s pool
* Running tracks
* Half-court basketball
* Cycling (fees may apply)
* Kayaking
* Tennis
* Ping pong room
* Giant outdoor chess
• Lawn balls
* Mini golf course
* Shuffleboard
* Indoor cricket
* Beach volleyball
* Children’s playground

Disclaimer:
The above information has not been verified. We advise you to confirm the accuracy of details before entering 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.