SOLD
Sold on 15 Aug 2024 for $2,025,000

405/88 Macquarie Street
Teneriffe QLD 4005

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 167m2
Land area: 167m2
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Property Details for 405/88 Macquarie St, Teneriffe

405/88 Macquarie St, Teneriffe is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1933. The property has a land size of 167m2 and floor size of 167m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Unit sold in Teneriffe in the last 12 months.

Building Type
Unit
Year Built
1933
Floor Size
167m2
Land Size
167m2
Local Government
Brisbane
Lot/Plan
405/SP128111

Last Listing description (September 2024)

This top-floor apartment in the tightly held Dakota Woolstore stands out as one of Teneriffe's finest. Skilfully blending modern comfort with heritage features, do not miss this opportunity to secure yourself a highly desirable lifestyle and a lucrative investment opportunity.

Spanning over two generous levels, this renovated apartment offers many modern conveniences, whilst maintaining the sought after trademarks of heritage properties; soaring lofty ceilings with original beams, exposed brick walls, timber floors, and of course the large double sash windows, which fill the living and dining area with natural light and offer expansive views of the Brisbane River.

Perfect for the entertainer, the chef's kitchen boasts ample preparation and storage space, and a breakfast bar which seamlessly flows to the light filled dining and living area. You can enjoy the easterly breeze and watch the lights dance on the Brisbane River while dining in your private space with your favourite people.

Upstairs, the grand loft master suite enjoys enviable natural light and river views, beautifully captured by the large sash windows and high louvers. A large walk-through robe leads into the renovated ensuite bathroom, flaunting Italian tiles and tapware, and a generous shower.

Downstairs, you will find two generous bedrooms with skylights and built in robes, a second renovated bathroom also with Italian tiles and tapware, a separate laundry, and a second living area near the entrance, which can be utilised as an office, children's play area, a hobby room, or whatever else you desire.

Perfectly positioned, you will enjoy all that inner-city living has to offer. Being within walking distance to New Farm Park and the Powerhouse, you can frequent the Saturday markets, picnic with friends, and laugh at a comedy show about the car park that you did not need to find. However, if you do wish to leave the peninsular, you are minutes from the entrance to the Inner City Bypass, Kingsford Smith Drive, the M7 tunnel, and the Airport Link tunnel.

Apartment features:
- Grand loft master suite with private ensuite and walk through robe
- Fully renovated interior with premium quality finishes
- French oak engineered timber floor 22mm thick
- 2 further generous bedrooms with built in robes
- 2 recently renovated bathrooms with handmade Italian tiles and tapware
- Chef's kitchen with stone top island bench, state of the art appliances, and ample storage
- Open plan kitchen, living and dining area
- Second living area which can be utilised as a study or play area
- Separate laundry
- Air conditioning and fans throughout
- High ceilings, exposed timber beams, and original brickwork
- Skylights throughout
- 2 secure undercover car spaces plus storage
- Estimated rental income of $1,750 per week
- Body Corporate levies are approximately $2,990 per quarter (including admin, sinking fund, & insurance levy).
- Council rates are approximately $391 per quarter
- Water rates are approximately $445 per quarter

Building features:
- Onsite management
- 24 hour CCTV monitoring
- Intercom entrance system
- 25m lap pool
- Gymnasium
- Sauna
- BBQ entertaining area
- Off street visitor parking
- Elevator access

Lifestyle
- Multitude of cafs, restaurants, bars and specialty shops
- Walking distance to Brisbane CBD, Gasworks Plaza Precinct, James Street Precinct and Fortitude Valley
- Walking distance to Riverwalk, New Farm Park and Howard Smith Wharves
- Easy access to public transport network
- Easy access to ICB & Kingsford Smith Drive, M7 and Airport Link Tunnel

Transportation
- 4km (15 min drive) to Brisbane CBD
- 15km (20 min drive) to Brisbane Airport
- 2km (5 min drive) to Bowen Hills Train Station
- Teneriffe CityGilder (bus) and CityCat (ferry) terminal & BCC Bus stop

Education
- In the school catchment of New Farm State School and Fortitude Valley State School
- Proximity to Holy Spirit Primary School New Farm and All Hallows School
- Short drive to Brisbane Grammar School and Brisbane Girls Grammar School

Do not wait to inspect this one. Contact Kosta Porfyriou on 0404 430 327 or Renee Zerk on 0417 793 595 to learn more or arrange a private inspection.

Disclaimer:
This property may be advertised as sold by auction or without a price; therefore, a price guide cannot be provided under the Property Law Act 2023. The website may have filtered the property into a price bracket for website functionality purposes.

When attending open homes, the owner or tenant may require us to collect and verify your full name and contact details before we grant you entry to the property. You can find information on how we will use your data at hodgeestateagents.com.au/privacy.

Property History for 405/88 Macquarie St, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,025,000
15 Aug 2024
Listed for Rent
$1.25k/w
01 Feb 2019
  • 15 Aug 2024
    Sold for $2,025,000
  • 22 May 2024
    Listed for Sale Under Contract
  • 04 Jan 2019
    Listed for Rent $1,250 / 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 27 properties listed for sale, and 22 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Teneriffe.

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Contact agent
Henry Hodge
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Renee Zerk
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Hodge Estate Agents
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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.