This fully furnished studio apartment is in the best location in Spring Hill and is returning $320 p/w net to the owner (BC Levies / Council rates / Urban Utilities to be paid). This unit has been recently renovated by the owner with no expense spared. A long term lease is already in place with the onsite management. The apartment is rented as a hotel room, which assures the new owner that the place is meticulously maintained and serviced. The apartment has one secure underground car park. The Ridge Apartment Hotel is a secure building with seven day reception. Walking distance to the CBD and all Brisbane has to offer. On the free loop bus stop and just 400 meters to Central train station. On-site facilities include swimming pool, gym, High Speed WIFI and BBQ area. All this and cafes / restaurants / shops, transport and CBD all at your fingertips. • Body corporate fees approximately $1,550 per quarter • Council rates and water approximately $380 per quarter • Return $320.00 p/w • Purchase price $215,000 • Gross Yield 7.7 %. Inspections welcome at anytime. Please call Steve today.