OFF MARKET

511/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 51m2
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Property Details for 511/113 Commercial Rd, Teneriffe

511/113 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 51m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2014
Floor Size
51m2
Land Size
51m2
Local Government
Brisbane
Lot/Plan
511/SP248904

Last Listing description (March 2022)

First-home buyers, savvy investors, downsizers or young professionals this is an exciting opportunity you can not miss! Inviting you to take in beautiful views of surrounding Teneriffe through to the city from your window, this apartment really is in the heart of it all. If lifestyle is what you're looking for then this one-bedroom property is for you, positioned in the most sought-after location in Brisbane! You will be able to easily enjoy all that this thriving precinct has to offer - a mixture of fine dining, light and fun cafes, an abundance of bars and restaurants and endless shopping options. Come home to 511/113 Commercial Road Teneriffe.

Also only minutes from the fashionable James Street and Howard Smith Wharves, this extremely well-kept residence promises a potential yield of approximately 4.2% making it the perfect investment opportunity for savvy investors looking to secure a property in one of Australia's most watched cities right now.

This beautiful apartment has floor to ceiling windows capturing iconic Teneriffe views and flooding the entire home with light. The property comes fully furnished, so for those looking to purchase an inner-city pad won't need to lift a finger with the property being move in ready.

With low maintenance facilities the body corporate fees are surprisingly low. The beautiful roof-top entertaining area enjoys views from the river right around to the City and beyond, meaning entertainers will not have to compromise!

The apartment is currently tenanted until March 2022, the long term tenant has cared for the home extremely well with all appliances in good working order.

Don't miss this opportunity, buy now before the borders open and the influx of buyers create even more competition in our already hot market.

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Property History for 511/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$380,000
28 Jan 2022
Listed for Rent
$375/w
14 Mar 2018
  • 28 Jan 2022
    Sold for $380,000
  • 19 Nov 2021
    Listed for Sale Make an Offer!
  • 22 Jan 2018
    Listed for Rent - Price not available
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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 29 properties listed for sale, and 20 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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