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.