OFF MARKET

301/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 60m2
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Property Details for 301/113 Commercial Rd, Teneriffe

301/113 Commercial Rd, Teneriffe is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 60m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2014
Floor Size
51m2
Land Size
60m2
Local Government
Brisbane
Lot/Plan
301/SP248904

Last Listing description (June 2021)

Positioned on level 3 in the renowned 'Double One 3' building, only 50m from the Teneriffe Ferry, this generously proportioned one bedroom apartment (74m2 in total) has a peaceful south-east facing balcony which faces a quiet leafy corridor. An ideal property for investors, first home buyers and downsizers who are wanting the idyllic Teneriffe lifestyle, at an affordable cost.

Apart from its location, the best features of this apartment are its storage areas, the south east facing balcony and the well thought-out design. The apartment consists of contemporary finishes that are complimented with light and bright colour tones, giving it a modern, fresh and enduring appeal. The abundance of storage areas can be found throughout the apartment, a spacious walk-in robe for the bedroom, floor-to-ceiling cupboards in the living room, plenty of shelves and cupboards in the kitchen and loads of shelf space behind the mirrors in the bathroom. It has everything you need and want!

With a large selection of some of Brisbane's best restaurants, bars and cafes right on your doorstep, and Woolworths at the bottom of the building, the lifestyle and convenience this property offers is outstanding.

Additional Features:

- Rooftop Terrace with BBQ and stunning City views
- Secure basement car park with 23 visitor car parks
- Abundance of storage areas and large walk-in robe
- Stylish lobby, with good on-site management
- Pet-friendly complex
- Ducted Air-conditioning
- Modern dishwasher and dryer
- Disable person access
- Body Corporate only $3,429.10 annually
- Sinking fund balance $542,754.53
- Council Rates $415.96 per quarter
- Rental Appraisal $400 - $420 per week

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Property History for 301/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$390,000
19 Apr 2021
  • 19 Apr 2021
    Sold for $390,000
  • 24 Feb 2021
    Listed for Sale Under Contract
  • 21 Mar 2014
    Sold for $450,000

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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, 231 properties were sold in the past 12 months in Teneriffe.

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