526/20 Montague Road, South Brisbane QLD 4101

This 52m2 one bedroom in the popular "Riverside Hotel" is on the 4th Floor with City and River views to the North. Currently rented your choices are many - keep the existing tenant, refurbish and occupy or refurbish and add to the managers short term letting pool.

The complex has a variety of hotel units, one bedroom and two bedroom apartments (a total of 150) and on site facilities include lifts, pool, restaurant and coffee shop along with business facilities if desired.

For the investors, the hotel operates on a very high occupancy rate and you could negotiate a long leaseback to the on site manager.

Perfectly positioned in South Brisbane a short walk over the Tank Street bridge to the City, across the road from the Gallery of Modern Art and Queensland Library and on the doorstep of huge urban renewal.

Your investment is very secure with the land zones for 30 storeys and demand for apartments in South Brisbane skyrocketing.

Don't delay on this one - it's well below replacement cost!