3304 Island Street

South Stradbroke QLD 4216

Overlooking the stunning lagoon at Couran Cove Island Resort on Queensland's South Stradbroke Island, this quiet and charming one-bedroom apartment is only a short 30-minute ferry ride from Surfers Paradise.

For just $39,000 plus fixed outgoings, you can own a Quarter share
of this freehold apartment for your personal use for 10 weeks of the year per owner.

RULES OF COURAN COVE UNIT TRUST

1/ At a meeting of the unitholders them majority that carries the vote is more than 50% of the unitholders.
2/ One vote per unit
3/ Sale of a units must be offered to other unitholders first and then to third parties.

SPECIAL CONDITIONS

- Unit holder can use the apartment to a maximum of 10 weeks a year.
- During Queensland and NSW school holidays the apartment will be let out on a holiday rental basis and revenue from this will be applied to expenses such as body corporate levies, management fees, repairs and Maintenace)
- Unit holders can us the apartment during Queensland and NSW school holidays but will be required to pay the set tariff for school holidays.
- Unit holders will be charged an annual levy of $3,600 per annum (charged $900 per quarter by direct debit - water, gas, electricity and sewage included in Body Corp). The levy will be determined by the unitholders.

If there is any profit after expenses that will be shared between the owners.

Disclaimer:
Advertising Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.