LOT 61 / APARTMENT 316 1A GLENELG STREET, SOUTH BRISBANE QLD 4101
STUDIO APARTMENT | PRIVATE BALCONY
An exceptional opportunity to secure a premium, high-yield investment within the established Rydges South Bank Brisbane, ideally positioned in one of Brisbane's most sought-after waterfront, cultural and entertainment precincts. Offering a spacious open-plan layout complemented by a generous private balcony, this beautifully appointed apartment delivers a sophisticated blend of contemporary style, comfort and luxury, reflecting the premium standards of the Rydges hotel brand. The hotel enjoys an enviable reputation, featuring impressive guest facilities, including the renowned Soleil Pool Bar, a stylish rooftop destination celebrated for its vibrant atmosphere, creative cocktails, poolside relaxation and entertainment. A popular venue for corporate functions, networking events and social gatherings, Soleil captures the essence of Queensland's relaxed yet sophisticated lifestyle.
An Unbeatable Southbank Location
Perfectly positioned in the heart of Brisbane's thriving South Bank precinct, the hotel enjoys exceptional proximity to major attractions and business destinations:
Approximately 100 metres from the Brisbane Convention & Exhibition Centre (BCEC), with convenient walkway access.
Just 300 metres from the Queensland Performing Arts Centre (QPAC).
Surrounded by acclaimed restaurants, cafés, entertainment venues and the vibrant South Bank Parklands.
Approximately 14 kilometres from Brisbane Airport.
Investment Details:
Annual Rental Income (20252026): $22,092
Asking Price: $238,000
Rental Yield Gross: 9.28%
Rental Yield Net 7.48%
Lease Term: Until 2031
Hotel Operator: Rydges Hotel Group
Refurbishments: Funded through pooled revenue, subject to the applicable agreements
LEASE & HOTEL MANAGEMENT
Leased to the established Rydges Hotel Group until 2031, this investment offers the security of an established hotel operator, professional management and attractive rental returns.
The hotel's experienced management team oversees daily accommodation operations, guest services and ongoing property maintenance, providing investors with a convenient, hands-off investment.
A key advantage is the hotel's rental pool arrangement, which provides for refurbishments and upgrades to be funded through pooled hotel revenue, reducing the need for costly out-of-pocket contributions by individual owners, subject to the applicable agreements.
An outstanding opportunity to secure a high-yield, low-maintenance investment in Brisbane's prestigious South Bank precinct.
OWNER OUTGOINGS
Council Rates: Approx. $3,200 p.a.
Urban Utilities: Approx. $1,200 p.a.
Owners Corporation Levies: Paid from rental income before distribution, as advised; confirm the treatment in the relevant rental statements.
Total of Council Rates and Urban Utilities: Approx. $4,400 p.a.
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
DISCLAIMER
The information contained herein has been provided by the owner or other sources and is believed to be accurate at the time of publication. It is subject to verification, change without notice and possible amendment without our knowledge. Rental income and calculated returns are based on the figures stated and should be independently verified against the relevant records and agreements.Prospective purchasers should conduct their own due diligence, review the contract of sale, lease, rental pool and Owners Corporation documents, and obtain independent legal, financial and taxation advice before making an investment decision. No representation or warranty is made as to the accuracy or completeness of the information, and all interested parties should rely on their own enquiries and assessment.
