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48/1A Glenelg Street

South Brisbane QLD 4101

1
1
Apartment
Currently for sale - view listing

Overview

Investors Delight - Great Rental Returns.

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

Features

1 bedroom
1 bathroom
Apartment

Property history for 48/1A Glenelg Street

2024
Sold
Undisclosed
25 Mar 2024 by Jessicca Gerretzen, of Place Purpose Group Stafford

Happy sellers in South Brisbane

89%
89% 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 52 reviews in South Brisbane over the last 12 months.

Local market activity for 1 bedroom apartments in South Brisbane

In the last 12 months, 124 one-bedroom apartments similar to 48/1A Glenelg Street, have been sold.

This represents a 33% increase in one-bedroom apartments sales when compared to the previous 12 months.

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