About Cooloola Waters Retirement Resort
Cooloola Waters Retirement Resort is situated in the heart of Tin Can Bay across the road from the foreshore and bay that are replete with picnic areas, walking trail, bird watching walk and boat ramp. It is only a short walk to the shopping centre.
Your choice of title
Title to the land on which Cooloola Waters stands is freehold. Homes in Stage 1 are purchased by way of a 99-year Lease registered in your name with the Queensland Department of Natural Resources and Water. Homes in Stage 2 have individual freehold titles as part of a community titles scheme, which is governed by a Body Corporate.
Staged Development
This is a staged development. Stage 1 which comprises only Leasehold homes is completed and sold. We are currently constructing new homes in cluster 2B with the infrastructure of cluster 2C about to commence. These are all freehold homes with 1 available for immediate occupancy and a duplex under construction. The rest have been sold. Stage 3 will complete the Resort. Stage 3 is anticipated to be Leasehold title. The Resort is comprised of 1, 2, and 3 bedroom homes with a range of finishes from the very affordable through to the more luxurious with water views. So no matter what your situation, you should be able to find a home to suit you.
Capital Gain
You will share in the capital appreciation of your home and because we are selling our homes at a very reasonable price, you can be assured of capital gain in the years to come.
Community Facilities
The Resort’s community facilities have all been completed and are regularly used by all residents. They consist of a large clubhouse with a well stocked library, pool table, auditorium, indoor bowls, lounge area, commercial kitchen, manager’s office, exercise area and dance floor plus a heated indoor pool, outdoor pool and spa with entertainment area, children’s playground, large workshop, bocce court and croquet lawn.
Apart from that the Resort has well-established gardens with attractive landscaping. This Resort is one of the first Greenstreet style developments in Queensland. This style of development maximises security, privacy and optimum use of the Common Areas and Common Facilities helping to provide an attractive lifestyle for retirees.
Maintenance
Village management carries out maintenance of the Common Facilities, Common Areas, Resident’s lawns and gardens and the exterior of resident’s homes. Please refer to the current Public Information Document for the Resort for more specific details.
The cost of performing the maintenance is covered by the general service fee and body corporate fees (for freehold homes).
Fees
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Entry Fee
This fee is paid when a home is purchased and is 2 ½% of the purchase price. This fee is paid to the Capital Replacement Fund for the Resort and covers costs of major repairs and replacement of any part of the Common Facilities. - Exit Fee
The seller pays the Exit Fee at the time of resale of the home. The amount payable is set out in the Public Information Document current at the time the home was purchased by the seller. The development of a Retirement Village involves considerable capital expenditure on common facilities, a cost that is not recoverable within the price structure of the homes. The Exit Fee therefore meets these costs without involving a drain on the weekly income of residents. - General Service Charge
As is the case in all retirement villages, residents contribute to the overall costs of maintaining and operating the Resort. At Cooloola Waters these costs are apportioned to each residence on an equal share basis by way of a charge known as the General Services Fee.
More Questions
If you have any other questions not addressed here, contact us so we can discuss your specific queries.
