Agnes Water, Queensland
MLR For Sale - Busy Holiday Resort In Booming Coastal Town
$2,434,000
Business Description
1770 & Agnes Water have been put on the map due to the recent international border closures. There's a reason why this town is now considered the 'Byron Bay of the North' - business is booming. Get in quick before prices sky-rocket.
Well-heeled tourists from Brisbane, Gold Coast and Sunshine Coast are flocking by car to this Idyllic, beach-side paradise
1770 is the closest access point from the mainland to stunning Lady Musgrave Island and the Resort benefits strongly from inbound and outbound tourists to the Island.
Local amenity is improving including:-
*Foodworks anchor in neighbourhood shopping centre
* New IGA supermarket development underway
* New high school/ Christian College construction completion soon
Key features of the opportunity as follows:-
* $446,000 p.a.* Net Operating Profit (NOP)
* $112,000* p.a.* Salary is with CPI annual increases
* 23 years* left on caretaker and letting agreements
* 250 metres* walk to the stunning beach
* 30 units in the letting pool out 57 total units in complex
* 19 years complex age
* Current onsite manger has run for the last 9.5 years
* Huge manager's unit is one of the best in complex - 3 beds, 3 baths
* 4 pools (2 are heated)
* 3 x BBQs
* Tropical low maintenance landscaping with sprinkler system
* All units are air conditioned
* Private pathway direct from Resort straight to beach
Centrally located between major regional centres - 1.5 hours* from Gladstone and 1.5 hours* from Bundaberg
An Ideal opportunity for:-
* A husband and wife operation with plenty of room for a couple of kids
* Investor can keep the current Onsite Manager in place
A hidden gem that won't stay hidden for long. Don't regret not getting in sooner.
*approx
Please contact the listing agent for more details by clicking on the link above.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Business Summary
Business Snapshot
Price: $2,434,000
Body corp salary review: CPI Annually
Managers Unit
Car Spaces: 2Complex Information
Complex Type: n/aPool: Yes
Key Investment Insights
1. The business for sale is a holiday resort located in the coastal towns of 1770 and Agnes Water.
2. These towns have recently gained popularity due to international border closures, making it a desirable destination for tourists.
3. The area is often referred to as the "Byron Bay of the North" and is experiencing a boom in business.
4. The resort benefits from its proximity to Lady Musgrave Island, a popular tourist destination.
5. Local amenities are improving, including a new supermarket and high school.
6. The business has a strong financial performance, with a net operating profit of $446,000 per year.
7. The current onsite manager has been running the resort for 9.5 years.
8. The complex has 57 units, with 30 units in the letting pool.
9. The manager's unit is spacious and well-equipped, with 3 bedrooms and 3 bathrooms.
10. The resort has 4 pools, 3 BBQs, and low maintenance landscaping.
11. All units are air-conditioned and there is a private pathway to the beach.
12. The resort is centrally located between major regional centers, making it easily accessible.
13. The business is an ideal opportunity for a husband and wife team or an investor.
14. The price for the business is $2,434,000 and the body corp salary is reviewed annually.
15. The managers unit has 2 car spaces.
16. The complex has a pool and is of an unknown type.
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