105/20 Montague Road South Brisbane QLD

$170,000
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.