Lot 48/1A Glenelg St, South Brisbane QLD 4101

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 0 • Bathrooms: 1

Description: Unrivalled luxury in the heart of Southbank is now on offer, is this sleek and sophisticated studio hotel room. Under the management of the iconic Rydges Hotel, this is a high return, set and forget investment property. This property is NOT suitable for owner occupier. Located in Brisbane finest arts district and adjacent to the Brisbane Convention Centre coupled with some of the best entertainment options all within easy walking distance. The Rydges hotel is a luxury fully serviced hotel which was renovated throughout. Situated on 2nd floor the room provides easy ramp access to the Brisbane Convention & Exhibition Centre. Room features: - Luxurious studio room with Dual Queen bed, reading chair, TV, mini fridge and tea and coffee making facilities. - Contemporary bathroom. - Ducted air conditioning. - Room number: 203. Annual Income to Investor: - $13,347.23 (1/7/24-30/6/25) - $8,061.82 (11/7/25-23/12/25) ** Partial year ** - Rents are distributed by bank transfer monthly to investors. Hotel Features: - Conference facilities & Business Centre - Restaurants, cafe & bar - Gymnasium, pool, spa and sauna The Rydges hotel occupancy rates is high which means higher income! Property must be sold, don't miss your chance to secure this fine investment. Property Code: 1339