118/1A Glenelg Street, South Brisbane QLD 4101

Inspection Information: For open homes and private inspections, meet in the foyer off of 1A Glenelg St.

Situated within the renowned Rydges South Bank Hotel, this property is exclusively available as an investment opportunity, with a secure hotel lease in place until June 2031. Offering investors excellent returns and hassle-free property management, this property provides a truly hands-off investment experience. With its prime location in South Bank, Brisbane’s cultural and entertainment hub, the property benefits from high occupancy rates driven by tourism, business travelers, and event-goers year-round. Owners can enjoy consistent rental income, professional management by the Rydges team, and the confidence of investing in a well-established, high-demand location.

Lessees get a 30% discount on hotel room rates for up to 10 days per year.

Apartment Features:
43m2 apartment
Level 1 of 12
Pristine condition and meticulously cared for
Spacious studio unit with modern finishes throughout
Beautifully designed mood lighting
Private balcony
Ducted air-conditioning
Managed by Rydges Hotel on-site management (Hotel letting)


Building information:

Rydges South Bank, located at 1A Glenelg Street, is a premium 12-level complex that has been a landmark in Brisbane since its completion in 1998. Fully renovated in 2016, the building offers modern sophistication combined with unparalleled convenience. Home to 304 lots, it caters to investors under the Rydges Letting Pool Scheme, with body corporate fees covered by Rydges’ on-site management.

Hotel Guests enjoy exclusive amenities, including a fully equipped gym, sauna, outdoor pool, and direct access to the highly acclaimed Bacchus Restaurant and Soleil Pool Bar. The Level 12 “The Rooftop” conference and event rooms, 24-hour concierge, and room service further enhance its appeal. With its central location in the heart of South Bank’s cultural precinct, Rydges South Bank offers a seamless blend of luxury, convenience, and lifestyle.

Building Features (The Rydges):
Built in 1998
Full renovations throughout complex completed in 2016
304 lots in complex
12 levels
3 lifts
Pool
Onsite cafe
Onesite magenement with reception and concierge

Fully equiped gym and sauna
Level 12 "The Rooftop' conference/event rooms
24-hour room service

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 major developments, including the $3.6 billion Queen’s Wharf project, offering a new casino, luxury hotels, and world-class entertainment, and the Cross River Rail, which will enhance connectivity between Brisbane’s north and south.

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:
Southbank Parklands and Man Made Beach: 3 min walk
Brisbane Convention & Exhibition Centre - Direct Access - 1 min walk
Queensland Performing Arts Centre - 3 min walk
South Brisbane Train Station - 5 min walk
South Bank Ferry Terminal - 3 min walk
Queensland Museum - 7 min walk
GOMA - 11 min walk
Neville Bonner Bridge to Star Casino and CBD - 12 min walk
Brisbane Airport - 20 min drive

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:
FY22 to FY23 - $20,800.00 paid to owner
FY23 to FY24 - $18,100.00 paid to owner
FY24 to 20/12/2024 - $8,970.00 paid to owner

Costs:
Body corporate levies and insurance are paid by the hotel; council and utility rates are the lessee’s responsibility.
Body Corporate - $2,239.50 per quarter approx.
Council - $510.00 per quarter approx.
Water - $260.00 per quarter approx.

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, JJ Property will not be held liable (financially or otherwise) for any errors or omissions relating to the property, contents and/or facilities in the property or complex. All interested parties should rely upon their own investigations to determine whether the property is suitable for their needs and all contents and facilities are present.