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Back 427/1A Glenelg Street
Off Market

427/1A Glenelg Street

South Brisbane QLD 4101

1
34 m²
Studio
Last sold for $225,000
Antoine VelezAntoine Velez, last sold this property on 06 July 2026 after 137 days on market.

Overview

Investors ONLY SMSF 6.1% Net Return Annual - 80 Year Lease Hold

I am pleased to present an extremely rare investment opportunity within the Iconic Rydges Hotel South Bank Located in cultural precinct of Brisbane. Walking distance to the CBD, art galleries, museum, performance center, casino and more.. We are currently offering a 34 sqm Studio, exclusively available to astute investors seeking a secure and hassle-free income stream. SMSF Positioned on the 4 floor, this impressive room features east aspect with city views. The property is river-facing and overlooks South Bank, offering an iconic location that is difficult to beat. The apartment is in pristine condition and has been immaculately maintained, featuring modern finishes, private balcony, and ducted air-conditioning. This is a truly "set-and-forget" investment, as the suite is managed entirely by Rydges Hotel under a long-term hotel lease, ensuring consistent returns. Additionally, owners can take advantage of an exclusive perk: a 30% discount on hotel room rates for up to 10 days per year. 2025 Income Return $17,061.32 2024 Income Return $17,739.21 Outgoings Brisbane city council $2,026.80 Yearly Urban Utilities $1,183.91,Yearly Sinking Fund Balance $4,206,632.59 Body corporate is paid by the hotel. Hotel facilities, Pool Gym, Sauna, Bar, conference facilities and more. A trusted name for many years, The Antoine Velez Team specializes in the Inner city Brisbane area, having helped countless buyers and sellers achieve their lifestyle and investment goals. Antoine looks forward to meeting you soon to cater for all your real-estate needs. Disclaimer: Ideal Property Co has been furnished with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.

Features

1 bathroom
34 m² floor area
Studio

Estimated Value

We need at least 3 similar studios sold in South Brisbane over the last 12 months.

Property history for 427/1A Glenelg Street

2026
Sold
$225,000
Private Sale/Treaty on 06 Jul 2026 by Antoine Velez, of Ideal Property Co

Happy sellers in South Brisbane

91%
91% of sellers in South Brisbane reported that their sale price either exceeded or met their price expectations.

South Brisbane stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in South Brisbane over the last 12 months.

Local market activity for studios in South Brisbane

In the last 12 months, 1 studio similar to 427/1A Glenelg Street, have been sold.

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