Unit 3304 Island Street, South Stradbroke, Qld, 4216

25%​ ​SHARE​ ​for​ ​SALE​ ​​ ​(39,000​ ​units​ ​at​ ​$1​ ​each)

What​ ​a​ ​great​ ​way​ ​to​ ​own​ ​on​ ​Couran​ ​Cove​ ​without​ ​taking​ ​on​ ​all​ ​the​ ​risk.​ ​

Own​ ​a​ ​share​ ​of​ ​a​ ​gorgeous​ ​holiday​ ​apartment​ ​on​ ​a​ ​private​ ​beach.

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:​ ​
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.