427/1A Glenelg Street, South Brisbane, Qld 4101

$230,000

Studio
Type
1
Bedrooms
1
Bathrooms

Last updated on Thursday, June 11, 2026 ( See property details for 427/1A Glenelg Street, South Brisbane, Qld 4101)

$230,000

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A rare, fully managed 1-bedroom studio apartment in the iconic Rydges Hotel South Bank offering stunning city and river views with secure income potential.

🏡 Property Highlights

  • Rare investment opportunity within the iconic Rydges Hotel South Bank
  • Secure, hassle-free income stream with long-term hotel lease management
  • Immaculately maintained 34 sqm studio with modern finishes
  • Prime east-facing position with stunning city and South Bank views
  • River-facing apartment overlooking South Bank in a sought-after location
  • Exclusive owner perks including a 30% hotel room rate discount

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Air Conditioning
  • Open-Plan Living
  • Balcony
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Waterfront / Views

South Bank is Brisbane’s vibrant cultural precinct, renowned for its stunning riverfront, world-class art galleries, entertainment venues, and lush parklands. It offers excellent walkability, a lively dining scene, and easy access to the CBD, making it a highly desirable location for residents and investors alike. The area’s iconic views and proximity to major attractions ensure sustained demand and appreciation potential.

What are the benefits of investing in a hotel-managed apartment in South Bank?
Investing in a hotel-managed apartment provides a hassle-free income stream, professional management, and access to exclusive owner perks such as discounted hotel rates, making it an attractive option for passive investors.
Can I use the apartment for personal stays?
Yes, owners can enjoy up to 10 days per year at a 30% discount on hotel room rates, providing flexibility for personal use while maintaining investment income.
What maintenance and management responsibilities are included?
The property is managed entirely by Rydges Hotel under a long-term lease, meaning owners are not responsible for day-to-day maintenance or management tasks.
Is the property suitable for SMSF investment?
Yes, this property is exclusively available for SMSF investors seeking a secure, set-and-forget income stream in a prime location.
What are the expected rental returns and income projections?
The projected income for 2024 is approximately $17,739.21, and for 2025, around $17,061.32, providing a reliable income stream for investors.
Are there any additional management or service fees not included in the body corporate or hotel charges? What are the specific terms of the hotel lease agreement and its renewal conditions? Are there any upcoming developments or planning changes in the South Bank area that could impact the property? Is there any history of flooding, bushfire risk, or other environmental hazards in the vicinity? Are there any restrictions or covenants affecting the use or future development of the property?

427/1A Glenelg Street, South Brisbane, Qld 4101 - More Details

$230,000

Type
Studio
Bedrooms
1
Bathrooms
1
House Size
34 m²

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