flood overlay
509/1A Glenelg Street, South Brisbane
Listing data updated 10 Aug 2026
1 bed1 bath0 car29 m² land
- An exceptional opportunity exists to secure a professionally managed hotel investment within the renowned Rydges South Bank Brisbane, one of Brisbane's most recognised tourism, entertainment and convention destinations. Perfectly positioned opposite the Brisbane Convention & Exhibition Centre and within Brisbane's vibrant South Bank precinct, Rydges South Bank enjoys an enviable location just moments from the Brisbane CBD, South Bank Parklands, Queensland Performing Arts Centre (QPAC), Queensland Museum, Queensland Art Gallery & Gallery of Modern Art (QAGOMA), the Brisbane River and an extensive selection of cafés, restaurants and entertainment venues. This prime location continues to attract a diverse mix of business travellers, conference delegates, domestic and international tourists, creating year-round demand for quality accommodation in one of Brisbane's most sought-after destinations. This unique leasehold investment forms part of the Southbank Hotel Room Rental Pooling Scheme, where participating rooms contribute to the overall operating performance of the hotel. Rental distributions are calculated in accordance with the Pooling Scheme Lease and each lot's prescribed unit entitlement, with interim rental distributions paid monthly and annual reconciliations completed in accordance with the scheme documentation. Professionally managed by Brisbane Convention Centre Hotel Development Ltd, the scheme provides investors with a streamlined ownership experience while the day-to-day operation and management of the hotel is undertaken by experienced hotel professionals. The Responsible Entity also administers the Body Corporate levies on behalf of participating owners, with these costs accounted for within the monthly rental calculations in accordance with the Pooling Scheme documentation. The current registered Pooling Scheme lease extends through until 30th of June 2031, providing investors with an established long-term investment opportunity. Investment Highlights • Professionally managed hotel investment • Located within the iconic Rydges South Bank Brisbane • Premium South Brisbane location opposite the Brisbane Convention & Exhibition Centre • Monthly interim rental distributions in accordance with the Pooling Scheme • Rental income calculated based on prescribed unit entitlement allocations • Professionally managed by Brisbane Convention Centre Hotel Development Ltd • Established hotel investment scheme operating for almost 30 years • Current Pooling Scheme lease in place until 30th of June 2031 • Body Corporate levies administered through the Pooling Scheme in accordance with the lease documentation • No day-to-day owner involvement with professional hotel management overseeing operations Approximate Investment Outgoings • Brisbane City Council Rates: Approximately $3,315 per annum • Queensland Urban Utilities: Approximately $1,031 per annum • Body Corporate levies administered through the Pooling Scheme in accordance with the scheme documentation. Important Information • This property is offered as a leasehold investment within the Southbank Hotel Room Rental Pooling Scheme and is not available for permanent owner occupation or permanent residential use. Short term owner accommodation is available at a discounted rate. • Brisbane City Council rates and Queensland Urban Utilities charges remain the responsibility of the individual lot owner. • Rental distributions are determined in accordance with the Pooling Scheme and are subject to the overall operating performance of the hotel. • Individual hotel room numbers differ from the registered lot numbers. • The property may only be used for short-term accommodation in accordance with the lease and Pooling Scheme documentation. • Buyers are encouraged to undertake their own legal, financial and taxation advice regarding the Pooling Scheme, lease structure and investment returns. Indicative historical rental distributions, Pooling Scheme financial information, Body Corporate information, current lease documentation and forecast return schedules are available upon request. We look forward to hearing from you.
RealistIQ deal score
Strong value signal
92
/100
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Market price guide is 20%+ below RealistIQ estimate
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RealistIQ estimate range: $518,000 - $809,000Wider ranges mean more uncertainty.
RealistIQ estimate$664,000
Market price guide$230,000
$518,000$809,00012-month Property Outlook
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Outdoor & building
Swimming pool
Listing details
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- Seeking Offers From $230,000
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larger landflood discount
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