An amazing opportunity awaits for investment only purposes in the Rydges Hotel South Bank. If you are looking for a low maintenance, high cash return investment to throw in the bottom draw and forget about, then this is the one. Investing in this building will see the highest Net % returns available in Brisbane, in arguably Brisbane’s best location.
The 6th floor apartment has great suburban vistas from Highgate Hill, across West End to Mt Coot-Tha. It has access to the complex facilities such as spa, gym, sauna and an array of restaurants and bars.
The apartment is located in the middle of all that South Bank parklands has to offer and will continue to increase in popularity as the years go on.
Income is paid monthly in advance with a bonus paid in September for all occupancy over a pre-budgeted amount. None of this is your concern as the 4.5 star Rydges Hotel management will handle all issues relating to the apartment, including body corporates, breakages, management fees etc. You do not pay a cent to the hotel from the money paid, with the ONLY EXPENSE being council rates of around $330/qtr. There are rent reviews conducted each year, and 2006-2007 increased by over $1600 on the previous years return. Currently awaiting the most recent tax year’s statement.
Owner needs this property sold very early this tax year. Do not miss a wonderful opportunity to secure such a great cash-cow property!
Auction 10.30am Friday 25th July In Rooms – Riverside Centre 123 Eagle St Brisbane