An extremely rare opportunity presents itself with this coveted “King Corner Suite” positioned within the prestigious Rydges South Bank Hotel!
Exclusively available to investors, this 82 sqm impressive one bedroom suite offers a secure income stream for savvy investors. Managed entirely by Rydges under a long-term hotel lease, owners enjoy consistent and hassle-free returns.
A truly set-and-forget investment in an iconic location that is near impossible to beat.
Owner Perk: Owners can take advantage of a 30% discount on hotel room rates for up to 10 days per year.
Apartment Features:
River facing 82m2 overlooking South Bank
Corner King Suite features the 4 ½ start hotel’s most spacious layout
Level 3 of 12 with modern finishes throughout
Separate bedroom, ensuite with stand-alone bath
Extra-large living area and private balcony
Pristine condition and immaculately maintained
Ducted air-conditioning
Rental:
Hotel profits are pooled and distributed as monthly rent. The hotel operates as a single entity, with profits shared among owners based on their allocated unit entitlements.
Historic Net returns paid after deductions for body corporate/sinking fund/insurance:
FY22 to FY23 - $38,443.59 paid to owner
FY23 to FY24 - $33,306.28 paid to owner
FY24 to FY25 - $32,033.45 paid to owner
Body corporate levies and insurance are paid by the hotel.
Costs borne by the lessee are council rates ($458.80 per qtr) and utility rates ($360.49 per qtr).
A refurbishment tax depreciation report is also available ($2k per year up to 2030 FY).
Sinking Fund balance is around $4.25 Million.
Building information:
Rydges South Bank, located at 1A Glenelg Street, is a premium 12-level complex home to 304 lots.
Hotel Guests enjoy exclusive amenities, including a fully equipped gym, sauna, outdoor pool, and direct access to the highly acclaimed Bacchus Restaurant, Soleil Pool Bar and onsite cafe. The Level 12 “The Rooftop” conference and event rooms, 24-hour concierge, room service and private walkway to the Convention Centre further enhance its appeal.
At its doorstep lies the heart of South Bank’s cultural and hospitality precinct, Rydges South Bank offers a seamless blend of luxury, convenience, and lifestyle that caters to leisure and business guests.
Location:
South Bank is at the forefront of Brisbane’s exciting growth and transformation as the city prepares for the 2032 Olympic Games. Already renowned as Brisbane’s cultural and entertainment hub, South Bank boasts highlights such as the South Bank Parklands, Queensland Performing Arts Centre (QPAC), and the bustling dining and retail precincts along Grey Street. The area is further elevated by Brisbane’s newest major development the $3.6 billion Queen’s Wharf offering a new casino, world-class entertainment and new river pedestrian bridge.
With its blend of vibrant culture, prime location, and significant infrastructure investments, South Bank is an exceptional choice for investors, combining an enviable lifestyle with strong, lasting property appeal.
From Your Doorstep:
1 min walk to Brisbane Convention & Exhibition Centre
3 min walk to Southbank Parklands
3 min walk to Queensland Performing Arts Centre
5 min walk to South Brisbane Train Station
3 min walk to South Bank Ferry Terminal
7 min walk to Queensland Museum
10 min walk to Woolworths
11 min walk to GOMA
12 min walk to Neville Bonner Bridge to Star Casino and CBD
20 min drive to Brisbane Airport
Inspection Information: For open homes and private inspections, meet in the Foyer of Rydges Hotel (1A Glenelg St).
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