Apartment for Sale
- About this property
- Explore South Brisbane
5% Net Return in the CBD with Upside Major Tenant. Ideal Super Fund InvestmentProperty ID 1578161Prime 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 hotel suite is located on level 5 of the Rydges South Bank Hotel and is budgeted to return $9,041 net (after Body Corporate Fees) this year paid monthly. Features include:
- Newly renovated
- Ducted air-conditioning
- Immaculate presentation
- Generous owner use terms
- Professional on-site Management by Rydges Hotels
The hotel features 304 stylish rooms and suites plus:
- Conference facilities
- Pool, spa and sauna
- Business Centre
- 24 hour Room Service dining
This Blue Chip hands free investment is priced for an immediate sale. Current income of $753.43 per month after Body Corporate Fees (Statement Available). Council Rates of $1,402.72 per year gross plus water $600 per year approx. 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. Please note the property may not be removed from the Hotel Scheme. Suitable for purchase by Foreign as well as Domestic Investors.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.