12/52 Captain Cook drive
Agnes Water, QLD 4677

Overview

MOTEL WITH 7 BEACHSIDE UNITS. FREE HOLD

Agnes Palms Motel offers a unique opportunity to acquire a fully renovated hospitality asset in one of Queensland's most iconic coastal growth hubs. Located just 200 meters from the Agnes Water surf beach, this property combines modern automation with diversified income streams, including secured caretaking and letting rights.

The asset is ideally suited for either a lifestyle owner-operator or an astute investor looking to capitalize on the region's critical housing shortage through a potential high-yield permanent rental conversion. The motel has an income potential of approximately $140,000 per annum at 62% occupancy. The Agnes Palm Estate comprises 10 units, a motel, backpackers, and a Thai restaurant.

Year-to-date revenue for the motel stands at $226,000 at 62% occupancy, with a net profit of $96,000. The prime location allows for a short 200-meter walk to the beach, and the property features a modern remote guest check-in system that minimizes on-site labor requirements.

There are secured caretaking and letting agreements in place until December 31, 2032, providing a secure income stream. The property also offers untapped letting rights for the wider community and high-yield rental conversion potential, along with additional land for expansion.

The motel inventory includes 5 modernized rooms and 1 cabin with a private fenced courtyard, as well as an on-site caretaker's unit. Amenities include an in-ground swimming pool and undercover parking. Recent renovations have updated bathrooms and interiors, with no immediate capital expenditure required.

Surplus land presents possible future development potential for motel expansion, additional residences, or rental units (subject to council approval). Fully furnished one-bedroom units and studio-style accommodations in Agnes Water typically achieve rental rates of $400 to $580 per week, reflecting strong demand and limited supply.

The proposed model involves converting the 5 motel rooms and 1 cabin into 6 permanent rental units, with projected rent of $400 per week per unit. This could yield a potential annual gross income of $124,800, in addition to caretakers' income and the caretaker's unit.

Overall, this property represents a

Location