AU Island units go under hammer
Property Here - Saturday, June 08, 2013
Hollywood A-listers are not the target market for the 158 refurbished units going on sale at South Stradbroke's Ramada Couran Cove resort from today - and the $155,000 starting price makes that obvious / Supplied
DREAMS of an island hideaway are usually well out of reach for the average Queenslander.
But Hollywood A-listers are not the target market for the 158 refurbished units going on sale at South Stradbroke's Ramada Couran Cove resort from today - and the $155,000 starting price makes that obvious.
Resort owner Brisbane-businessman Craig Dowling has been pouring money into the property since he purchased Couran Cove in October last year from US billionaire philanthropist Chuck Feeney.
Each holiday unit has had between $15,000 and $18,000 spent on it in the past few months, while the resort facilities have also been revamped ready to welcome guests from July 1.
"I have done a lot of research and I can't find anything like this value anywhere else in the country,'' Mr Dowling said.
"Everyone dreams of owning their piece of island paradise, but unless you are Sir Richard Branson or Tom Cruise, it's not usually a possibility.''
The apartments, which were badly in need of refurbishment, now have a fresh and modern look and each one faces the lagoon or marina.
Owners of the units have the resort facilities on their doorstep and are free to use the restaurants, pool, walking tracks, gym and nearby beach.
Resort general manager Peter Nair was recently appointed, as was head chef Chris McIntyre, who was previously the sous chef at Palazzo Versace.
Mr Dowling said work on the resort was on track for the grand opening, planned for September.
"The resort has a great future,'' he said.
Read more: http://www.news.com.au/realestate/news/island-units-go-under-hammer/story-fncq3gat-1226660482291#ixzz2WI8D9fXc