12/52 Captain Cook Drive, Agnes Water QLD 4677

Property Details: • Type: Block of Units

• Bedrooms: 7 • Bathrooms: 7

Description: The Phone Code for this property is: 56278. Please quote this number when phoning or texting. Agnes Palms Motel represents a rare opportunity to acquire a fully renovated, "low touch" hospitality asset in one of Queensland's most iconic coastal growth hubs. Situated just 200m from the Agnes Water surf beach, this property combines modern automation with diversified income streams, including secured caretaking and letting rights. The asset is perfectly positioned for either a lifestyle owner-operator or a savvy investor looking to capitalize on the region's critical housing shortage through a possible high-yield permanent rental conversion. Owner-operator Motel income potential of approximately $140,000 per annum @ 62 % occupancy . Agnes Palm Estate consists of 10 units/Motel & backpackers/Thai restaurant. MOTEL Revenue (YTD) $226,000 @ 62% occupancy Net profit (YTD) $96,000 Prime Location 200m walk to Agnes Water beach Automation Modern remote guest check-in system-minimal on-site Labour required Secure Income Caretaking and Letting agreements secured until 31 December 2032 Upside Untapped letting rights for the wider community and high-yield rental conversion potential Additional land for expansion Motel Inventory: 5 Modernized Rooms + 1 Cabin with a private fenced courtyard. Caretaker's Unit: On-site residence. Amenities: In-ground swimming pool, undercover parking. Renovations: Recently updated bathrooms and interiors (tv, fridges, chairs and tables); no immediate CAPEX required. Surplus land offers possible future development potential for motel expansion, residence or additional rental units (STCA). Caretaking Income $22,500 / pa (with CPI increases) Expiry date of Caretaking agreement 31 December 2032 - CPI increase annually Letting agreement 31 December 2032 - Not currently in use/offered to complex Fully furnished one-bedroom units and studio-style accommodation in Agnes Water typically achieve $400-$580 per week in the long-term rental market, reflecting strong demand and limited supply. The Model: Convert the 5 motel rooms and 1 cabin into 6 permanent rental units. Projected Rent: $400 per week / per unit. Potential Annual Gross Income: $124,800 + Caretakers income + Caretakers unit Feasibility: Create shared laundry. Conversion requires minor kitchenette installs, providing a "set and forget" investment with significantly lower overheads than short-term stays . Body corp Annual Administrative Fund: $10,240.00 Annual Sinking Fund: $1 684.48 Total: $11 924.48 Council Rates: Gladstone Regional Council $8100.00 $1.35M 7 units beachside. Free hold in Cts Existing business Agnes Palms Motel Caretaking +letting agreements Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.