Mantra South Bank, 161 Grey Street,
South Bank, QLD 4101
Hotel, Motel & Leisure • Shops & Retail
Price information
Sold
Contact Agent
Key property information
Car spaces
Parking info
Property extent
Zoning
Tenure type
Sold on
Map of Mantra South Bank, 161 Grey Street
Hotel investment with strong passive income and strata sell-down opportunity
Mantra South Bank
- One of Brisbane's newest hotels
- 161 rooms and apartments (rated 4.5 star)
- Leased to Mantra Group (11 years remaining)
- Net income - $3.15million (approx.) as at January 2010
- Annual rental increases with market reviews every three years
- Panoramic views over South Bank Parklands, Brisbane River and CBD
- Ideal location adjacent to the Brisbane Convention & Exhibition Centre and numerous other demand generators
- Limited competition in immediate area
- Hotel facilities include a restaurant, bar, two meetings rooms, gymnasium and outdoor swimming pool
- Strata titled providing opportunity for future sell-down
- Sought after hotel market with strong fundamentals
- One of Brisbane's newest hotels
- 161 rooms and apartments (rated 4.5 star)
- Leased to Mantra Group (11 years remaining)
- Net income - $3.15million (approx.) as at January 2010
- Annual rental increases with market reviews every three years
- Panoramic views over South Bank Parklands, Brisbane River and CBD
- Ideal location adjacent to the Brisbane Convention & Exhibition Centre and numerous other demand generators
- Limited competition in immediate area
- Hotel facilities include a restaurant, bar, two meetings rooms, gymnasium and outdoor swimming pool
- Strata titled providing opportunity for future sell-down
- Sought after hotel market with strong fundamentals
Property ID: 5576340Last Updated: 26 Jun 2015
+61 412 560 2...
Mantra South Bank, 161 Grey Street
South Bank, QLD 4101
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
278 Milton Road,Milton, QLD 4064 725 m²Development Sites & Land • Hotel, Motel & Leisure
Contact Agent
4/10 Market Street,Brisbane City, QLD 4000 97 m²Shops & Retail • Hotel, Motel & Leisure • Other
Contact Agent
46 Charlotte Street,Brisbane City, QLD 4000 4264 m²Offices • Development Sites & Land • Hotel, Motel & Leisure