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1a Glenelg Street
South Brisbane QLD 4101
(Under Offer)



1 of 15 photos

5% Net return in the CBD with upside major tenant. Ideal super fund investment

Prime location in the heart of Brisbane?s Arts and Entertainment precinct adjacent to the Brisbane Convention Centre and a stroll from restaurants, bars, cinemas, the Cultural Centre, Performing Arts Centre, GOMA, the Parklands and the river.

This sophisticated 4.5 star hotel suite is located on level 5 of the Rydges South Bank Hotel and is budgeted to return $9,041 net (after Body Corporate Fees) this year paid monthly. Features include:

- Newly renovated
- Ducted air-conditioning
- Immaculate presentation
- Generous owner use terms
- Professional on-site Management by Rydges Hotels

The hotel features 304 stylish rooms and suites plus:

- Restaurants
- Conference facilities
- Bar
- Pool, spa and sauna
- Gymnasium
- Business Centre
- 24 hour Room Service dining

This Blue Chip hands free investment is priced for an immediate sale. Current income of $753.43 per month after Body Corporate Fees (Statement Available). Council Rates of $1,402.72 per year gross plus water $600 per year approx. An ideal self-managed super fund investment in the middle of one of Brisbane?s hottest growth areas. For a personal inspection, contact Roy Schwenke 0408 485 085. Please note the property may not be removed from the Hotel Scheme. Suitable for purchase by Foreign as well as Domestic Investors.

Features include: Air Conditioning,Built-In Wardrobes,Close to Schools,Close to Shops,Close to Transport,Pool

* An acceptable offer has been made but contracts have not yet exchanged.

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Property Type: Apartment

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Past Sales & Property Information

Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they will always correspond with the listed property. Measurements are estimates only.

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Vital Statistics

Lot: 0
Plan Type: SBP
Plan: 107410
EER: 0.0
Stamp Duty: $1,925


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This listing was first displayed on 1/12/16, last updated on 13/1/17, and has been viewed 75 times. Please note the counter is not updated immediately.
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