OFF MARKET

501/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 60m2
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Property Details for 501/113 Commercial Rd, Teneriffe

501/113 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 61m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
2014
Floor Size
61m2
Land Size
60m2
Local Government
Brisbane
Lot/Plan
501/SP248904

Last Listing description (May 2023)

Set in the thriving riverside hub of Teneriffe and just a short walk from Newstead's Gasworks Plaza and James Street's dining precinct, this funky city pad is ideal for those that love to get out and experience the best of Brisbane. Featuring indoor/outdoor living spaces, premium European appliances and lots of storage throughout, this highly sought-after, breezy fifth-floor apartment also has access to a rooftop entertaining terrace to enjoy when friends are over.

A fantastic opportunity for investors and first-home buyers, the location of DoubleOne 3 presents an array of valuable amenities and great lifestyle features all within easy reach. Highlights include basement parking and secure building entry, bicycle storage and visitor car spaces, and proximity to high-frequency buses, Teneriffe Ferry Terminal and the kilometres of riverfront walkways.

Currently tenanted until 13 October at $450 per week, astute investors will be able to take advantage of this apartment's immediate income-producing ability and reap the financial rewards now and into the future with the expected growth potential of Brisbane in the lead-up to the Olympic Games.

With a good-sized, well-designed layout, light and breezy Apartment 501 has comfortable, air-conditioned interiors, a combined living and dining area and a floor-to-ceiling glass stacker door that opens onto a tiled entertainer's balcony. The kitchen will impress with its stone benchtop surfaces, sleek, white and oak-finished cabinet design, high-quality, German-made Neff electric appliances, a dishwasher and a convenient, pull-out pantry.

Boasting exceptional levels of storage, there are full-height cupboards and timber display shelves within the dining space, an additional linen closet, a compact European laundry and a large walk-in-robe to the spacious bedroom.

Mirrored wall cabinets and an oak niche are located along one side of the practical bathroom as is a contemporary, wall-mounted porcelain wash basin and extra-large shower.

Tapware and fittings throughout are finished in polished chrome, with the selected tiles and durable, timber-look flooring surfaces set to complement all dcors.

This amenity-rich location, just 2.5 km from the CBD, is bursting with restaurants and bars, trendy cafs and tucked away gems, exciting retail, health and fitness businesses and both gourmet and supermarket shopping. Ground floor commercial spaces within this multi-residential complex include a caf to satisfy that morning espresso craving, a bakery and a convenient Woolworths Metro a short 1 minute walk away.

Features of this property include:

- Stylish apartment with walk to it all convenience

- Suit investors, first-home buyers and city commuters

- Situated on Level 5, lift access, secure entrance foyer

- Rooftop entertaining terrace with barbeque facilities

- Quality German Neff cooking appliances, dishwasher

- Stone benchtops and, hardwearing timber-style floors

- Tiled balcony, ducted air-conditioning, ample storage

- High-quality fixtures, fittings and finishes throughout

- Street-level commercial spaces include caf and bakery

- Basement car space, bicycle storage, visitor parking bays

- Apartment is currently tenanted until 23/10/2023 at $450 week

- Walk or cycle safely along kilometres of riverside pathways

- 3 min. walk to Teneriffe cross-river ferry and CityCat services

- CityGlider to Valley, City, Southbank and West End 200m away

- 5-10 min. walk to restaurants, Gasworks Plaza and James Street

Information regarding the relevant by-laws, body corporate insurance and contribution scheme for DoubleOne 3 is available for your perusal upon request.

Please contact me today for more information and to arrange an inspection of this well-positioned Teneriffe apartment.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 501/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$482,000
24 Apr 2023
Listed for Rent
$420/w
17 Jun 2017
  • 24 Apr 2023
    Sold for $482,000
  • 13 Mar 2023
    Listed for Sale Offers Over $479,000
  • 29 May 2017
    Listed for Rent $400 / 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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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.