Mantra South Bank, 161 Grey Street,
South Bank, QLD 4101
Hotel, Motel & Leisure • Shops & Retail
Key property information
Car spaces
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
Mantra South Bank, 161 Grey Street
South Bank, QLD 4101
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