OFF MARKET

109 Commercial Road
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 71m2
Land area: 81m2
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Property Details for 506/109 Commercial Rd, Teneriffe

506/109 Commercial Rd, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2019. The property has a land size of 81m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
2019
Floor Size
71m2
Land Size
81m2
Local Government
Brisbane
Lot/Plan
506/SP283277

Last Listing description (January 2023)

Fabric Apartments - Teneriffe
With the perfect floor plans, colour schemes, appliances and fittings, these prestige apartments are the perfect property to complement the Teneriffe Lifestyle.

Well-designed throughout, this complex is sure to impress with its distinctive colour scheme and features aplenty. The roof top is a highlighted area of the building and is rare in designed. It offers incredible city & river views, a in ground pool, two BBQ areas and an abundance of room to enjoy, entertain or unwind.

Situated within the sought-after suburb of Teneriffe, you will be conveniently located within walking distance of all amenities but may not even need to leave the building, with a Woolworths Metro being built on the ground floor.

Aesthetically designed, the apartment itself is highlighted by an abundance of natural light whilst being complimented with premium fixtures and sophisticated finishes throughout. Uniquely designed to offer spacious and luxurious living, you will be impressed by all this apartment has to offer including:

• Two spacious bedrooms with built in wardrobes and access to the balcony
Exquisite colour scheme throughout
Beautifully appointed kitchen with gas cooking and dishwasher
Floor to ceiling windows throughout, allowing an abundance of natural light and views
Open plan living area flowing seamlessly out to the balcony
Reverse cycle air conditioning throughout
Intercom and the convenience of onsite management
One secure car space

**THIS IS A BREAK LEASE WITH THE CURRENT LEASE ENDING MAY 2023, RENT WILL INCREASE TO $725 PER WEEK**

They are going quickly so contact us today on (07) 3638 4606 to arrange an inspection!

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Property History for 506/109 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$650,000
16 Jun 2020
Listed for Rent
$660/w
03 Jan 2023
  • 07 Dec 2022
    Listed for Rent $660 / week
  • 05 Aug 2020
    Listed for Rent $595 / week
  • 16 Jun 2020
    Sold for $650,000

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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 21 properties listed for rent in Teneriffe on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Teneriffe.

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