427 / 1A Glenelg Street
South Brisbane, QLD 4101

This exceptional investment opportunity is located within the iconic Rydges Hotel South Bank, situated in Brisbane's vibrant cultural precinct. The property offers convenient walking distance to the CBD, art galleries, museums, performance centers, casinos, and other key attractions.

The offering is a 34 square meter studio apartment, ideal for astute investors seeking a secure and hassle-free income stream, including those utilizing SMSF. Positioned on the fourth floor, the unit boasts an east-facing aspect with captivating city views. It overlooks the river and South Bank, providing a prestigious and highly sought-after location.

The apartment is in pristine condition, having been immaculately maintained. It features modern finishes, a private balcony, and ducted air-conditioning, enhancing comfort and appeal. This investment is truly a "set-and-forget" type, as the suite is fully managed by Rydges Hotel under a long-term hotel lease, ensuring consistent and reliable returns.

Owners also benefit from an exclusive advantage: a 30% discount on hotel room rates for up to 10 days per year, adding personal value to the investment. The projected income returns are $17,061.32 for 2025 and $17,739.21 for 2024, reflecting the strong earning potential of this property.

Outgoings include Brisbane City Council rates of $2,026.80 annually and Urban Utilities charges of $1,183.91 per year. The sinking fund balance is substantial at $4,206,632.59, and body corporate fees are covered by the hotel management.

The hotel offers a range of facilities including a pool, gym, sauna, bar, conference facilities, and more, enhancing the lifestyle and appeal for guests and owners alike.

This property represents a rare chance to invest in a well-established, reputable hotel-managed apartment in the heart of Brisbane's cultural and entertainment district, combining convenience, lifestyle, and financial security.