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Overview
INVESTMENT ONLY 6.1 % Return - 80 Year Lease Hold
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, making it an attractive location for investors.
The offering is a 38 square meter studio apartment, ideal for astute investors seeking a secure and hassle-free income stream, including suitability for SMSF investment. Positioned on the eighth floor, the apartment boasts an east-facing aspect with stunning city views. It is river-facing and overlooks South Bank, providing an iconic and highly sought-after location.
The apartment is in pristine condition and has been meticulously maintained. It features modern finishes throughout, a private balcony, and ducted air-conditioning, ensuring comfort and style. This property represents a true 'set-and-forget' investment, as it is managed entirely by Rydges Hotel under a long-term hotel lease, guaranteeing consistent returns.
Owners benefit from an exclusive perk of 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 $19,307.21 for 2024 and $18,570.32 for 2025, reflecting a strong yield.
Outgoings include Brisbane City Council rates of $3,200 yearly, Urban Utilities at $1,228 yearly, and a sinking fund balance of over $4.2 million. The body corporate fees are paid by the hotel, amounting to $2,468. The hotel offers extensive facilities including a pool, gym, sauna, bar, conference facilities, and more, enhancing the lifestyle and appeal of the property.
This investment is supported by a reputable team specializing in inner-city Brisbane real estate, ensuring professional management and support for investors. The property is ideal for those seeking a secure, well-located investment with strong income potential and minimal management responsibilities.
Disclaimer: The information provided is believed to be accurate but is not guaranteed. Interested parties should conduct their own inquiries to verify details before making any decisions.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
South Brisbane QLD 4101
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 38 m² |
Market Insights for South Brisbane QLD 4101
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