This 27 acre site has development approval for an eco resort comprising 55 villas with 94 keys, restaurant and community facilities.  The site slopes upwards to a height of 73 metres, offering magnificent views of the coast and hinterland.  It is approximately 3.5 kilometres from the beach.

This is a very profitable development in a prime tourist area of Queensland.  The vendor estimates profits in excess of $12M, based on the sale of the villas to investors.  Revenue from the central facilities should exceed $700,000 in the first year.  Additional profits will flow from the sale of the central facilities and the management rights.

Villa prices range from $500,000 to $1,500,000.

Agnes Water, population 1,613, is 527 kilometres north of Brisbane and is half way between Gladstone and Bundaberg.  Together with the town of Seventeen Seventy, it is tipped to become the next Noosa of the Queensland coast.

Between 2001 and 2006 the population of Agnes Water grew by 36%.

House prices have escalated over the past three years, rising by 5.2% in 2006, 28.8% in 2007 and 8.2% in 2008.  Houses in Seventeen Seventy just to the north of the resort site sell for in excess of $1M.

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