PRD Agnes Water Shop 20, Endeavour Plaza Cnr Captain Cook Drive & Roundhill Road Agnes Water, QLD, 4677 07 4974 9470
Request An Appraisal
· Join Up

2 Springs Road
agnes water
QLD, 4677

SOLD

Sold for $850,000

listing rooms 80
listing bathrooms 4
listing parking 10
Property: 800 sqm Land: 1825 sqm

SOLD BY GORDON CHRISTIAN

Freehold Opportunity with Long Term tenant in place
Freehold Beach Side Back Packers , great net return! 72k per year plus Outgoings
We are offering this free hold opportunity with high net return for Expression of interest.
Put your offer forward today.

Agnes Water is an increasingly popular tourist town located in Central Queensland, located approximately 120 kilometres north of Bundaberg. It is popular among backpackers as being similar to Byron Bay, Northern NSW, but still hidden from the general tourist route. (Source: Queensland Government)

Lots 1&8 FD1110 | Title Reference 50317356 & 50177434 County of Flinders | Parish of Uxbridge

The business has been operating since May 2002 when it took the bold move to open in uncharted waters where no backpacker presence was evident. The business opened with a license to operate 44 beds. This has since been increased to 80 beds. A licensed bar and Internet services have been added and contribute significantly to the overall income of the business.
The town and local area has become a favorite with the backpacker market with steady growth in numbers due to its quaint local Queensland feel. "Shop where locals shop and drink where locals drink" has been the town motto for many years and this interaction gives the tourists a real feel of what a Queensland coastal town is like
Currently the business lets approx. 20,000 bed nights per year (77% occupancy) and equates to around one third of the total yearly beds available in town.
Over the years, many micro businesses have formed to take advantage of the surge of new tourists coming to town. These businesses did not exist previously.

The town is serviced by the Greyhound Bus network with 4 buses coming to town daily. Two of these run northbound and two run southbound. To date the more popular northbound service has used the town.
Domestic airlines fly to both Gladstone and Bundaberg, both 120kms away, with local airstrip also available with connecting buses.

Inspections are strictly by appointment only.
Please ensure that you pre-arrange your inspection time on these days with the agent prior to arrival to avoid disappointment.
Please contact the agents to arrange a mutually convenient time for inspections to ensure access to the assets are available.

Agents

Nearby Schools

About agnes water

median house price

745000

suburb growth

0.7%

median house rent

640

suburb rental yield

4.5%

Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

Listing Enquiry

Listing Enquiry

1
2
3

Your Details

1
2
3

Your Enquiry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

There was an error sending your enquiry. Please fill all required fields or try again later.

1
2
3

Thank you for your enquiry!

We look forward to assisting you.

Explore

PRD

 Connect with us