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Sold on 13 Jul 2024 for $732,500

12/120 Commercial Road
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 116m2
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Property Details for 12/120 Commercial Rd, Teneriffe

12/120 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in Teneriffe in the last 12 months.

Building Type
Apartment
Floor Size
116m2

Last Listing description (July 2024)

Perfectly positioned within the ultimate lifestyle destination of Teneriffe, this large 116m two-bedroom, two-bathroom apartment with 1 secure car park provides the incoming buyer with the ideal home or investment within a small block of only 20 apartments. The apartment is vacant ready for the new buyer to either move into or be able to be rented quickly for a good return.
Presented in impeccable condition throughout, the generous floorplan offers ample living space with two generous bedrooms including an ensuite off the master bedroom. Both bedrooms have access to the the balcony. The spacious open plan living leaves plenty of room for dedicated dining as well lounge area. There are 2 large balconies, one is accessed off the living area providing a fabulous entertaining area with views overlooking the pool. The other balcony is off the kitchen with a north facing aspect providing an excellent utility area or lounge area. The kitchen is modern with stone bench top , stainless steel appliances, a gas cook top and has plenty of bench/storage space.

• One secure car space

• Split system air-conditioning in lounge
• Ceiling fans in bedrooms
• Pool in complex
• Separate laundry
• Rental appraisal $750 to $780 per week

Located on the quiet part of Commercial Road across from Danny's Bakery, Caffeine Cafe and Metro Woolworths this location is hard to beat at this value. With the Brisbane River at the end of the street and Florence Street meters away you are within walking distance of all that this location has to offers.

• Gasworks 500m
• James St 850m
• City Cat Ferry and Bus terminal 260m
• Total Fusion Gym 500m
• Riverwalk 250m
• Beccafino's 400m
• La Patronia Mexican restaurant 100m
• Dalgetys bar and restaurants 400m

The lifestyle, amenities and vibe of the Teneriffe peninsular make it such a popular choice to live. The seller has left the apartment vacant ready for you to move and call it home. Showing the seller is determined to sell either prior to or at Auction.

Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their inquiries to verify the information contained herein.

Property History for 12/120 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$732,500
13 Jul 2024
Listed for Rent
$450/w
22 Nov 2019
  • 13 Jul 2024
    Sold for $732,500
  • 15 Jun 2024
    Listed for Sale SOLD
  • 22 Nov 2019
    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 3,793 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 19 properties listed for sale, and 22 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Teneriffe.

Suburb Insights for Teneriffe 4005

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Dean Yesberg
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Tanner Gilmour
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Ray White South Brisbane
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Disclaimer
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.