Sold | Apartments | 308/20 Montague Road, South Brisbane QLD 4101 | $179,000

Perfect Super Fund Investment

  • 1 Bed
  • 1 Bath

The Riverside Hotel has been popular for many years with investors due to the excellent management and the promise of longer term capital gains as a result of its 30 storey zoning.

On offer is this 27 m2 hotel room with a new 5 year term lease to the manager at $975 per month with CPI increases.

The manager will be responsible for payment of your your body coporate levies, council rates and landlords insurance.

"Riverside Hotel" has a very high occupancy catering to both business and holiday customers.

The manager currently managers over 100 of the total 150 units in the complex.

Recently refurbished these studios are excellent investments for your SMSF.

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 11022103360
Street Address 308/20 Montague Road
Suburb South Brisbane
Postcode 4101
Price $179,000
Living Area 27 sqm (approx)
Air Conditioning