Phone Enquiry ID: 26923
ATTENTION INVESTORS
5.8% net return in the CBD with upside major Blue Chip tenant. Ideal super fund investment
This outstanding investment property has a prime location in the heart of Brisbanes 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 $23,109 net (after body corporate fees) this year paid monthly. Features include:
- Newly renovated
- Ducted air-conditioning
- Immaculate presentation
- Generous owner use terms
- In Rydges Southbank Hotel rental pool with professional on-site management by Rydges Hotel
This unique hands free investment opportunity is priced for an immediate sale by the current owner. Current income of $1,925.75 per month after body corporate fees (statement available). Council rates of $1,402.72 per year gross plus water rates approx $1,100 per year. A recent $11 million dollar refurbishment (including addition of a pool and new banquet area) will uphold its high occupancy and strong returns and creates potential for greater returns.
An ideal self-managed super fund investment in the middle of Brisbanes premier dining, entertainment and conference precinct.