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403/1a Glenelg Street SOUTH BRISBANE, QLD 4101

Sold on 17 Nov 2012
  • 1 Bed
  • 1 Bath
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403/1a Glenelg Street, SOUTH BRISBANE, QLD 4101

Unit in SOUTH BRISBANE

8%+ net return in the CBD. National 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 one bedroom hotel suite is located on level 4 of the Rydges South Bank Hotel and returns $18,634.16 net (after Body Corporate Fees and Rates) per annum paid monthly. Features include:

- 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

This Blue Chip hands free investment is priced for an immediate sale. 2011/12 Financial Year income of $19,758.44 after Body Corporate Fees (Statement Available). Council Rates of $1,124.28 per year. 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