OFF MARKET

705/113 Commercial Road
Teneriffe QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 71m2
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Last updated 11 Nov 2024
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Property Details for 705/113 Commercial Rd, Teneriffe

705/113 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 71m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
2014
Floor Size
57m2
Land Size
71m2
Local Government
Brisbane
Lot/Plan
705/SP248904

Last Listing description (January 2022)

Perfectly positioned on the top floor of the highly sought after 'Double One 3' building, lies this generously proportioned, well designed and perfectly located inner city home in the blue-chip suburb of Teneriffe. With an abundance of natural light and marvellous views of Brisbane City and the Brisbane River from either side of the balcony, it's a place anyone would love to call home. Thoughtfully designed, with a smart and practical layout, sprawled over a generous 84m2 of total space (71m2 apartment, 13m2 car-space), it is the largest and best positioned one-bedroom apartment in the complex.

With theTeneriffe Riverwalk and Ferry only 50m away, Woolworth's Metro, Danny's Bread, Caffeine Espresso directly below and Newstead Gasworks around the corner, convenience is king! It is modern, stylish, ideally located and waiting for you to move in to enjoy the perfect Teneriffe lifestyle, in Brisbane's best suburb.

This apartment will appeal to many types of buyers and will not last long, please call Anthony on 0430 028 254 to register your interest before it goes under contract.

Additional Features:
- Abundance of storage areas and oversized walk-in wardrobe
- Stylish lobby, with good on-site management
- Rooftop Terrace with BBQ and stunning City views
- Secure basement car park with 23 visitor car parks
- Totally lift accessible with intercom access
- Pet-friendly complex
- Ducted Air-conditioning
- Modern dishwasher and dryer
- Body Corporate only $4,178 annually
- Healthy Sinking Fund balance of $545,036
- Council Rates $430 per quarter
- Rental Appraisal $440 - $480 per week

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Property History for 705/113 Commercial Rd, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$516,500
22 Nov 2021
Listed for Rent
$400/w
26 Nov 2018
  • 22 Nov 2021
    Sold for $516,500
  • 11 Nov 2021
    Listed for Sale Under Contract
  • 07 Nov 2018
    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 3,772 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:

  • 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, 236 properties were sold in the past 12 months in Teneriffe.

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