Sold | Apartments | 115/20 Montague Road, South Brisbane QLD 4101

South Brisbane Investment

  • 455 sqm (approx) Land Area

Benefit from the massive Kurilpa Riverfront Renewal Plan happening right outside yoru front door. See www.kurilparenewal.com.au for all the information. This studio motel room will settle with a new leaseback to the long term on site managers for $11,900 per year net for a 10 year lease plus a 10 year option with CPI yearly increases.Your Cooperate tenant will aso pay the body corporate and rates giving you almost 7% net per year. The underlying land is zoned for a 30 storey building guaranteeing a great long term investment in Brisbane’s fastest growing suburb. “ Riverside Hotel” has been established since 1996 and boasts a 90 per cent plus occupancy to both tourists and business travellers. It’s a short walk to the Gallery of Modern Art, Tank Street Bridge and all all the cultural activities that Southbank has to offer.

This property is proudly listed by:

First National Real Estate Metro 115 Boundary Street
West End QLD 4101

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Open for Inspection
By Appointment

Additional information

Property Type Apartments
Property ID 11022103291
Street Address 115/20 Montague Road
Suburb South Brisbane
Postcode 4101
Living Area 95 sqm (approx)
Land Area 455 sqm (approx)