Agnes Water, Queensland

Beachfront Agnes Water

$2,200,000

Business Description

Outstanding return on investment
Located in central Agnes Water on the main road to 1770, and with direct beach access to the most northern surf beach on the east coast. This long-established resort is diversified to cater for the budget one-night traveller, through to families in luxurious 2, 3 and 4 bedroom Beach Homes, 7 with their own private plunge pools. The accommodation comprises of a 9-room motel, double occupancy studios and family studios. Studio, 1 bedroom and 2-bedroom Garden Villas, and in the gated Beach Homes section, twenty-four, 2, 3 and 4 bedroom Beach Homes.
The excellent licensed on-site restaurant is independently operated.
No requirement to live on site, however, a 2-bedroom managers apartment is included in price.
The office / reception is the management lot and is part of the sale. ($350k)
Large inventory of equipment including housekeeping van, trailer, golf buggies and gardening tools included ($70k+)
Large, leased swimming pool for motel, Studios and Garden Villa guest use.
Beach Homes pool, heated spa and BBQ pavilion.
Potential future management of houses under construction.
Annual occupancy 43%

Business Summary

Business Snapshot

Price: $2,200,000 Net Profit: $523,857 Remuneration / Body Corp Salary: $143,893

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: HolidayTotal Units in Complex: 66Total Units in Letting Pool: 43Owner Occupy Units: 13Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Adam Langer

0468317....

Resort Management Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established beachfront resort with reported net profit of $523,857 and annual occupancy of 43%.
2. Prime central Agnes Water location on the main road to 1770, with direct access to the northernmost surf beach on the east coast.
3. Diversified accommodation spans budget motel rooms, studios, Garden Villas and luxurious two, three and four bedroom Beach Homes.
4. Seven Beach Homes feature private plunge pools, complemented by a heated spa, BBQ pavilion and separate guest swimming pool.
5. Licensed on site restaurant is independently operated, supporting guest convenience without requiring purchaser operation.
6. No requirement to live onsite, with a two bedroom, two bathroom managers apartment included in the sale.
7. Office and reception management lot is on title and included, valued at $350,000.
8. Included equipment inventory exceeds $70,000, including housekeeping van, trailer, golf buggies and gardening tools.
9. Twenty year agreement term remains, providing extended operational tenure for the holiday complex.
10. Potential future management of houses under construction may provide an additional management opportunity.

Management Rights Multiplier: 3.53
ROI Estimate: 23.81%