Agnes Water, Queensland
Beachfront Agnes Water
$2,395,000
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: $2,395,000
Net Profit: $523,857 Remuneration / Body Corp Salary: $143,893
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: NoComplex 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
Key Investment Insights
1. Insight: Prime beachfront location in central Agnes Water on the main road to 1770, with direct access to the most northern surf beach on the east coast.
2. Insight: Long-established, diversified resort product offering from budget one-night motel rooms to luxury 2, 3 and 4 bedroom Beach Homes, catering to multiple market segments.
3. Insight: Large scale accommodation mix, comprising 66 total units, including a 9-room motel, studios, Garden Villas and twenty-four gated Beach Homes, seven with private plunge pools.
4. Insight: Strong financials for a tourism business, listed price $2,395,000, reported net profit $523,857, and owner remuneration/body corporate salary $143,893.
5. Insight: Office/reception is on title and included in sale, valued at $350,000, providing ownership of the management lot and operational control.
6. Insight: Manager’s 2-bedroom, 2-bathroom apartment included in the sale, with no requirement to live on site, offering flexibility for owner-operators.
7. Insight: Significant operational assets included, with a large inventory of equipment such as a housekeeping van, trailer, golf bugg
