Sold
Apartment

1a Glenelg Street South Brisbane, QLD 4101

Sold for $162,000 on 28 Mar 2018
  • 1 Bed
  • 1 Bath
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Apartment in South Brisbane

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

  • 1 Bed
  • 1 Bath

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 10 of the Rydges South Bank Hotel

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 $10,613.89 per year (Approx.) after Body Corporate Fees (Statement Available). Council Rates of $1,498.52 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.

Bedrooms:

1

Bathrooms:

1

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Suburb

South Brisbane

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