Positioned within the Lagoon Lodges precinct at Couran Cove Island Resort, this marina-front Lodge presents a unique opportunity to secure a well-located holiday home on South Stradbroke Island. Just a short boat ride from Surfers Paradise, the property offers a peaceful waterfront setting with direct outlooks over the Couran Cove Marina. Lodge 12 features a functional layout with generous living spaces and a sun-drenched front deck, ideal for enjoying the coastal surroundings. Previously part of the resort letting pool and popular with families, the property is offered with existing furnishings and presents potential for those seeking an island retreat in a prime position.
Body Corporate fees are approximately $18,000 per annum currently (historically circa $22,000 per annum), noting there have been no power or water services available since April 2023. The Vendor makes no representation as to future Body Corporate fees once infrastructure services are reinstated. Council rates are approximately $2,400 per annum.
The property is being sold on an "as is, where is" basis and requires repairs throughout, including replacement of stolen air conditioning units.
All power, water and gas services to Couran Cove Resort are currently disconnected and the resort remains closed. Some owners have converted properties to off-grid systems, this lodge has not been converted.
There are ongoing legal disputes involving the Body Corporates and also between CBC and the service providers, including recent judgements which will most likely result in future special levies. Buyers must undertake their own enquiries in relation to these matters.
The Contract of Sale will include specific conditions, including that the buyer must make their own enquiries regarding Body Corporate matters and ongoing litigation, is responsible for levies from the contract date, and indemnifies the seller post-settlement.
The property will be sold under auction conditions, with a 10% deposit, 14-day settlement, no cooling-off period, and no finance clause permitted.
Disclaimer: The above information has not been verified. Buyers should conduct their own due diligence and confirm all details prior to entering into a contract. Highland Property and its employees cannot be held responsible for any inaccuracies.
