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Apartment

1a Glenelg Street SOUTH BRISBANE, QLD 4101

Sold on 2 Mar 2013
  • 1 Bed
  • 1 Bath
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1a Glenelg Street, SOUTH BRISBANE, QLD 4101

Apartment in SOUTH BRISBANE

8.8% net return in the CBD. Major tenant. Ideal super fund investment

  • 1 Bed
  • 1 Bath

Set 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, the Rydges Hotel is Southbank's pre-eminent Corporate Hotel

This sophisticated 4.5 star one bedroom hotel suite is located on the front of the Rydges South Bank Hotel and returned $22,581.24 net (after Body Corporate Fees) last year. Features include:

  • Generous 38 sqm suite with balcony
  • Ducted air-conditioning
  • 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
  • Walkway through to the Convention Centre

This Blue Chip hands free investment is available for the first time since new. 2011/12 Financial Year income of $22,581.24 after Body Corporate Fees (Statement Available). Council Rates of $1,020 per year approx and Urban Utilities of approx $672. 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.

Bedrooms:

1

Bathrooms:

1