FOR SALE
Low to Mid $700,000s

510/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 63m2
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Vibrant Lifestyle Appeal Opposite Brisbane River

Discover this exquisite apartment on the fifth level of the prestigious 'Double One 3' building, perfectly suited for investors, first-time buyers, and downsizers seeking the coveted Teneriffe lifestyle at an accessible price point. This apartment combines prime location with exceptional features.
Property Highlights:
- Generous storage spaces and a spacious walk-in robe
- Balcony for outdoor relaxation
- Thoughtfully designed layout with modern finishes and refreshing colour tones
- Ducted air-conditioning for year-round comfort
- Includes modern dishwasher and dryer
- Onsite management for added convenience
- Secure underground parking and ample visitor parking
- Rooftop entertainment area with stunning city views
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Property Details for 510/113 Commercial Rd, Teneriffe

510/113 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 63m2. The place is currently for sale with TORRES PROPERTY.

Building Type
Apartment
Land Size
63m2

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About Teneriffe 4005

The size of Teneriffe is approximately 0.9 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Teneriffe in 2011 was 4,700 people. By 2016 the population was 5,344 showing a population growth of 13.7% in the area during that time. The predominant age group in Teneriffe is 30-39 years. Households in Teneriffe are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Teneriffe work in a professional occupation. In 2011, 41.6% of the homes in Teneriffe were owner-occupied compared with 42.3% in 2016.

Teneriffe has 3,793 properties. Over the last 5 years, Houses in Teneriffe have seen a 6.11% increase in median value, while Units have seen a 65.57% increase. As at 30 November 2024:

  • The median value for Houses in Teneriffe is $1,852,817 while the median value for Units is $1,007,377.
  • Houses have a median rent of $775 while Units have a median rent of $750.
There are currently 20 properties listed for sale, and 22 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Teneriffe.

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Jacky Leung
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Luis Suarez
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TORRES PROPERTY
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