OFF MARKET

203/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 51m2
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Property Details for 203/113 Commercial Rd, Teneriffe

203/113 Commercial Rd, Teneriffe is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 51m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in June 2019.

Building Type
Unit
Year Built
2013
Floor Size
51m2
Land Size
51m2
Local Government
Brisbane
Lot/Plan
203/SP248904

Last Listing description (September 2019)

Nestled peacefully at the rear of the building with a leafy outlook, this apartment will ideally suit an investor wanting strong rental returns and excellent long-term capital growth, or first home buyers wanting an inner-city lifestyle at exceptional value, without sacrificing location.
The building 'Double One Three', is located only 2km to the City, with a renowned cafe and bakery on street level, it also has a spacious roof-top BBQ area with stunning views of the city and is positioned conveniently only 200m from the Teneriffe River Ferry, River-walk, public transport and a vast array of popular bars and restaurants.
Only five years young and in near new condition, the living room floor of this apartment has been tiled rather than carpeted unlike most of the other apartments in the building which gives it a fresher and more modern feel, whilst also being easier to maintain. The large floor-to-ceiling windows face east and fill the apartment with natural light throughout the day and can be opened to capture refreshing breezes. It comes with modern appliances including a compact dishwasher, clothes dryer, washing machine, air-conditioning and has great storage facilities throughout all areas, including expansive built-in wardrobes, linen closet, plenty of shelves and cupboard space.

If you're after exceptional value in one of Brisbane's most prestigious inner city suburbs, this is for you.
-Rooftop Terrace with BBQ and stunning City views
-Secure basement car park with 23 visitor car parks
-Good storage areas and spacious built in wardrobes
-Stylish lobby, with good on-site managers
-Pet-friendly complex
-Air-conditioned
-Modern dishwasher and dryer
-Disable person access
-Currently renting for $400 per week
-Body Corporate fees only $3,205.53 per year
-Sinking fund balance $423,328.35
Call Anthony now to book a private inspection.

Property History for 203/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$320,000
12 Jun 2019
Listed for Rent
$360/w
21 Feb 2017
  • 12 Jun 2019
    Sold for $320,000
  • 15 May 2019
    Listed for Sale $330,000+
  • 21 Feb 2017
    Listed for Rent $360 / 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.

Suburb Insights for Teneriffe 4005

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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.