701 / 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 access to the Central Business District, art galleries, museums, performance centers, casinos, and other key attractions.

The offering is a highly sought-after massive corner suite, a spacious one-bedroom apartment measuring approximately 75 square meters. It is exclusively available to discerning investors seeking a secure and hassle-free income stream.

Located on the seventh floor, this suite boasts the hotel's most generous layout. It faces the river and overlooks the South Bank area, providing an enviable and iconic location that is hard to surpass. The apartment is in pristine condition and has been meticulously maintained, featuring modern finishes throughout.

The suite includes a separate bedroom, an ensuite bathroom with a standalone bath, an extra-large living area, a private balcony, and ducted air-conditioning for comfort. This property represents a true set-and-forget investment, as it is fully managed by Rydges under a long-term hotel lease, ensuring consistent rental returns.

Owners also benefit from an exclusive advantage: a 30% discount on hotel room rates for up to 10 days annually, enhancing the value of ownership.

Financial returns are attractive, with a net income return of $30,666.94 projected for 2024 and $29,360.37 for 2025. Outgoings include quarterly Brisbane City Council rates of $799.80 and Urban Utilities charges of $438.69. The sinking fund balance is substantial at $4,206,632.59, and the 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, providing a comprehensive lifestyle and amenity package for residents and guests.

This property is ideal for investors looking for a reliable income stream in a prime location with minimal management responsibilities. The suite's location within a reputable hotel and the long-term lease arrangement provide security and peace of mind.

Prospective buyers are encouraged to conduct their own inquiries to verify the accuracy and completeness of the information provided. This opportunity combines location, quality, and investment security in one of Brisbane's most dynamic precincts.