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Sold on 04 Nov 2024 for $715,000

110/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 64m2
Land area: 74m2
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Property Details for 110/113 Commercial Rd, Teneriffe

110/113 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 74m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Teneriffe in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
64m2
Land Size
74m2
Local Government
Brisbane
Lot/Plan
110/SP248904

Last Listing description (November 2024)

Set over eight levels, DoubleOne 3 is one stylish apartment building located in one very desirable precinct. You'll step out your front door right into the very heart of vibrant, bustling Teneriffe. Offering the ultimate inner-Brisbane lifestyle, Teneriffe is buzzing with bars and cafes. Live music, great coffee and mouth-watering food make it feel like the weekend, all week long.?
You can entertain at home too on DoubleOne 3's open-air rooftop terrace. With its stunning views toward the Brisbane CBD and River, the terrace is the perfect place for a barbecue or a sunset cocktail.

You'll love cooking in the sleek, contemporary kitchen with reconstituted stone benchtops and modern appliances including a European-designed cooktop, electric oven, rangehood and dishwasher. Light timber and crisp white cupboards complete this picture of sophistication. And to let you enjoy the best in entertainment and communications, this apartment is wired for high-speed internet and ducted air conditioning throughout. Meanwhile, the clever bathroom design uses generous mirrors and concealed storage to create a timeless, open feel.

Both bedrooms are fit for king-size beds, with ducted air conditioning and copious amounts of storage with walk-in wardrobes.?

Property Information:
- Body Corporate $1,219 per quarter approx?
- Very healthy sinking and admin fund of $365,000 approx
- Utilities?$327 approx per quarter
- Rates $450 per quarter approx
- Rental $725 pw approx
- Just repainted?
- 4 minute walk (approx.) to Teneriffe City Cat & Bus Terminal
- Short stroll to Gasworks Plaza Shopping and dining precinct
- Near new complex ? Only opened in July 2014
- Fully ducted reverse cycle air conditioning
- Master bedroom with walk-in robe
- Intercom
- Top deck entertaining area
- Onsite manager.

Property History for 110/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$715,000
04 Nov 2024
Listed for Rent
$575/w
02 Aug 2022
  • 04 Nov 2024
    Sold for $715,000
  • 10 Sep 2024
    Listed for Sale $715,000
  • 04 May 2020
    Listed for Rent $450 / week
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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 3,771 properties. Over the last 5 years, Houses in Teneriffe have seen a 21.18% increase in median value, while Units have seen a 66.73% increase. As at 31 October 2024:

  • The median value for Houses in Teneriffe is $2,045,362 while the median value for Units is $996,566.
  • Houses have a median rent of $858 while Units have a median rent of $750.
There are currently 29 properties listed for sale, and 20 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Teneriffe.

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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.