OFF MARKET

5406/6 Island Street
South Stradbroke QLD 4216

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 5406/6 Island St, South Stradbroke

5406/6 Island St, South Stradbroke is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Gold Coast City

Last Listing description (August 2024)

Introducing the Pandanus Studio Eco Cabin, a fantastic real estate option perfect for young families.

This charming cabin features a spacious single room alongside a bathroom, complete with a variety of convenient annexes such as a bedroom, loft, and kitchen.

The unique design includes a curved roof and clerestory light system, ensuring ample natural light throughout the space and promoting a fresh and airy atmosphere, even on calm days.

Additionally, the cabins are built off the ground using steel posts to prevent termite intrusion and boast eco-friendly ply linings finished with all-natural paints both internally and externally.

FREQUENTLY ASKED QUESTIONS

Q -WHAT COMES WITH THE UNIT?
A - All of the furniture is including in most units: bed, bedside tables, lamps, coffee table, artwork, fridge, microwave, cutlery, plates, glassware, kitchen utensils, blanket box, TV, Outdoor Table & Chairs

Q - WHAT ARE THE BODY CORPORATE COSTS?
A -There are 5 Body Corporates on the Island. This unit is in the Eco Cabin Body Corporate
Eco Cabins - Approx $11,000 - $14,000 per annum
Marina Apartments - Approx $14,000 - $15,000 per annum
Lagoon Lodges -Approx $17,000 per annum
Broadwater Villas - Approx $30,000 per annum
CBC - overseeing Body Corporate

Q -CAN I HAVE A DOG / PET?
A- No, Service dogs may have different rules - please refer to By Laws.

Q -HOW OLD ARE THE UNITS?
A- Couran Cove opened in 1998

Q- ACKNOWLEDGEMENT OF BODY CORPORATE
Buyers MUST do their own due diligence and searches. There are multiple current court cases ongoing, and it is possible that such litigation could result in the issuance of a special levy.

As of the 17th of April, there is a planned disruption to services due to alleged monies owing to the service provider Normally all power, gas, water is included in the Body Corporate Levies, however no information is available at this time as to how everything will be moving forward or when it will be connected again. Some owners have installed spear pumps, rainwater tanks, generators, solar power. Any external changes must be approved by Body Corporate. THERE IS CURRENTLY NO POWER OR WATER and sewage is currently being pumped out by wastewater trucks.

Buyers MUST do their own due diligence and searches as we cannot give legal advice. Nor do we have any knowledge of what is happening with resort, litigation or the future of Couran Cove.

Q - ARE YOU PART OF THE RESORT?
A - The unit is privately owned the resort is currently closed including the Marina.

Q- HOW DO WE GET TO THE ISLAND
A- Water taxi, own boat, jet ski, Ferry to tipplers and then walk to Couran Cove. PLEASE NOTE, THE MARINA IS CLOSED AND NOT ACCESIBLE.

Q - HOW DO WE GET AROUND THE ISLAND?
A - There is no car access to Couran Cove. Bring your own bikes, or scooters. It is possible on under certain situations to obtain approval by the Body Corporate for a Golf Buggy.

Q- DO WE STILL HAVE TO PAY BODY CORPORATE FEES EVEN WITHOUT SERVICES PROVIDED?
A- Even without services, body corporate fees are still required to be paid as there are various expenses such as insurance, maintenance, legal expenses and body corporate management fees that need to be covered. The Body Corporate Managers are Pinnacle Strata.

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.

Property History for 5406/6 Island St, South Stradbroke, QLD 4216

A timeline of how this property has performed in the market
  • 13 Mar 2024
    Listed for Sale Not Disclosed

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About South Stradbroke 4216

The size of South Stradbroke is approximately 21.9 square kilometres. It has 2 parks covering nearly 74.8% of total area. The population of South Stradbroke in 2011 was 100 people. By 2016 the population was 25 showing a population decline of 75.0% in the area during that time. The predominant age group in South Stradbroke is 50-59 years. Households in South Stradbroke are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Stradbroke work in a managers occupation. In 2011, 78.7% of the homes in South Stradbroke were owner-occupied compared with 72.8% in 2016.

South Stradbroke has 517 properties. Over the last 5 years, Houses in South Stradbroke have seen a 118.33% increase in median value, while Units have seen a -17.40% decrease. As at 31 October 2024:

  • The median value for Houses in South Stradbroke is $1,564,853 while the median value for Units is $659,714.
There are currently 25 properties listed for sale, and no properties listed for rent in South stradbroke on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in South stradbroke.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.