38/139 Commercial Rd, Teneriffe is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 76m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Teneriffe in the last 12 months.
The Cannery complex is the perfect place to buy your first property or start to build your investment portfolio. The location is ideal, the price is entry level and the outgoings are low.
Situated in the heart of Teneriffe the Cannery is across the road from the public transport hub which includes a CityCat terminal. The Gas Works precinct is within 500m as are the famed Teneriffe eateries such as Beccofinos, Hikari and Zero Fox.
The complex is stair access only keeping the Body Corporate fees low. Within 10m of your front door is the resort style pool and basic gym facilities.
Key Details
- Secure allocated car space with room for storage locker
- Air Conditioned
- Balcony with river glimpses
- Rental Appraisal $580 - 620 p/wk
- Recently repainted
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:
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