SOLD
Sold on 01 Dec 2023 for $212,000

28/1A Glenelg Street
South Brisbane QLD 4101

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 39m2
Land area: 39m2
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Property Details for 28/1a Glenelg St, South Brisbane

28/1a Glenelg St, South Brisbane is a 1 bedroom, 1 bathroom Unit and was built in 1998. The property has a land size of 39m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in South Brisbane in the last 12 months.

Building Type
Unit
Year Built
1998
Floor Size
39m2
Land Size
39m2
Local Government
Brisbane
Lot/Plan
28/SBP104446

Last Listing description (September 2023)

NEW METRO TO BE BUILT UNDER RYDGES FOR FUTURE LOCAL AND OLYMPIC BENEFITS

The Brisbane Metro route is 21 kilometres, connecting 18 stations along dedicated busways between Eight Mile Plains to Roma Street, and Royal Brisbane and Women's Hospital to University of Queensland.

High net return. Investment Unit in Rental Pool

The Southbank Hotel Room Rental Pooling Scheme leased to 2031.
Perfect for your super fund investment and the unit is located in the prime location in the heart of Brisbane's Arts and Entertainment precinct adjacent to the Brisbane Convention Centre. Restaurants, bars, cinemas, the Cultural Centre, Performing Arts Centre, GOMA, the Parklands and the river are in easy walking distance.
This sophisticated 4.5 star hotel suite is located on level D of the 'Rydges South Bank Hotel' and returned approx.$13160 in 2018 to 2019.(after Body Corp Fees, Rates and Water).
Body Corp approx. $43.55 p.m.
Sinking fund approx. $157.10 p.m.
Total Estimated costs. $2408.00 p.a.
Rent approx. $12875.00 p.a.

Nett return $10000 past year 'after' GST
Features include:
Recently renovated throughout
. Upgraded furnishings, mini bar and tea making facilities
39sqm with its own private courtyard
Ducted air-conditioning
. Direct staircase to the Convention Center
Immaculate presentation
Generous owner use terms
Professional on-site Management by Rydges Hotels
The hotel features 304 stylish rooms and suites plus:
Restaurants
Conference facilities
Bar
Pool, spa and sauna
Gymnasium
Business Centre
24 hour Room Service dining
This investment is priced for an immediate sale. An ideal self-managed super fund investment in the middle of one of Brisbane's best growth areas. Contact Carey Halfpapp on 0438 928538 to secure further information.

FEATURES:
Electric Rail with station within walking distance.
Close To Schools
Close To Shops
Close To Transport
Pool
Private court yard

Property History for 28/1a Glenelg St, South Brisbane, QLD 4101

A timeline of how this property has performed in the market
Last Sold
$212,000
01 Dec 2023
  • 01 Dec 2023
    Sold for $212,000
  • 27 Oct 2020
    Listed for Sale $210,000
  • 05 Apr 1995
    Sold for $117,000

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About South Brisbane 4101

The size of South Brisbane is approximately 2.3 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of South Brisbane in 2011 was 5,416 people. By 2016 the population was 7,179 showing a population growth of 32.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation. In 2011, 32.8% of the homes in South Brisbane were owner-occupied compared with 29.6% in 2016.

South Brisbane has 10,190 properties. Over the last 5 years, Houses in South Brisbane have seen a 2.88% increase in median value, while Units have seen a 41.38% increase. As at 30 September 2024:

  • The median value for Houses in South Brisbane is $970,315 while the median value for Units is $696,938.
  • Houses have a median rent of $695 while Units have a median rent of $720.
There are currently 40 properties listed for sale, and 40 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 659 properties were sold in the past 12 months in South brisbane.

Suburb Insights for South Brisbane 4101

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.