504/113 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 85m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Perched on the corner of level 5 in the superbly located 'Double One 3' building in Teneriffe, lies this thoughtfully designed, well proportioned and extremely convenient inner-city pad. Facing south east towards the river, it is quiet and comfortable with a smart and practical layout, covering 99m2 of total space (85m2 apartment, 14m2 car-space), it is spacious, excellent value for money and ready to move in!
Everything is on your doorstep! TheTeneriffe Riverwalk and Ferry is only 50m away, Woolworth's Metro, Danny's Bread, Caffeine Espresso are directly below and Newstead Gasworks is around the corner, the convenience is unbeatable! It is stylish, modern, and ideally located for you to enjoy the best amenities that Teneriffe, Newstead and New Farm has to offer.
Please email or call Anthony on 0430 028 254 to register your interest or make sure to attend the next open house.
Additional Features:
- Abundance of storage areas throughout
- Premium tiled floors in kitchen and living
- Bright, breezy and elevated position
- Stylish lobby, with good on-site management
- Rooftop Terrace with BBQ and stunning City views
- Secure basement car park with over 20 visitor car parks
- Totally lift accessible with intercom access
- Pet-friendly complex
- Ducted Air-conditioning
- Modern dishwasher and dryer
- Body Corporate fees approximately $4,501 annually
- Healthy Sinking Fund balance of $593,368
- Council Rates $450 per quarter
- Rental Appraisal $650 - $700 per week
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 3,772 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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