Back 116/54 Vernon Terrace
Off Market

116/54 Vernon Terrace

Teneriffe QLD 4005

3
2
2
200 m²
Apartment
Last sold for $2,900,000
Ben PercivalBen Percival, last sold this property on 13 August 2025 after 27 days on market.

Overview

(A SINGULAR MASTERPIECE OF RIVERFRONT REFINEMENT)

Welcome to Mer'lo, a one of a kind residence carved within the hallowed walls of the Winchcombe Carson Woolstore, Brisbane's most revered heritage address. Designed and built by tekDB, this is more than a renovation - it is a resurrection. Discover an uncompromising vision of luxury that honours the past while boldly redefining modern riverfront living. (PROPERTY SNAPSHOT) - 3 Bedrooms - 2 Bathrooms + 1 powder room - 2 Car spaces + large private, lockable storage unit - 2 Living areas + dining - Private balcony - Complete high-end renovation Exposed heritage brick walls and a monumental sawtooth ceiling with skylights overhead form the dramatic architectural spine that grounds the home in authenticity and grandeur, creating a unique gallery for art and sculptures, curated to enhance the home's unmatched appeal. The entire apartment has undergone a complete renovation encompassing plumbing, electrical and fire systems as well as engineering. Paired with a palette of texture and restraint that exudes timeless richness, be the first to live in this brand new home. From the moment you enter, every detail whispers exclusivity: - Striking Rosso Levanto marble from the northwest coast of Italy - Imported Japanese mosaic tiles - Opulent rich timbers and premium wool carpets underfoot - Monumental heritage windows soar above, draped in custom chocolate crushed velvet curtains Anchoring the residence is a master suite that rivals exclusive boutique hotels: a private, bespoke built, Swedish cedar sauna suspended within a double-height glass void, gazing upon heritage brick arches and a full-length exposed brick wall. Step out onto your private balcony, overlooking one of Teneriffe's most photographed and iconic streets - a quiet pocket just minutes from popular lifestyle precincts, with boutique cafés and restaurants at your doorstep. Nearby ferry and bus connections take you to the CBD and beyond with ease and convenient access to main roads and motorways make for a seamless commute. In a building where apartments are rarely offered and tightly held, Mer'lo defines a class of its own; a singular fusion of heritage architecture, international design influence and elevated craftsmanship. For those seeking a brand new residence of rare provenance and uncompromising luxury, there is only one. Mer'lo is more than a home - it is a legacy. (PROPERTY FEATURES) - European Oak flooring - Premium 3ply, 100% designer wool, hard-wearing carpets - Striking Rosso Levanto marble from the northwest coast of Italy - Nikpol Master Oak range cabinetry - Nikpol designer board - Bosch appliances - Vintec wine fridge - Designer Nero brushed carbon tap ware - Imported Japanese mosaic tiles - Bespoke wash & wear Porter's Paint - Crushed velvet curtains imported from Europe - Handmade solid brass trims + hardware which will develop a beautiful patina with age - Complete electrical rewire - Hydrological engineering complete - All walls + floors sound insulated (BUILDING FEATURES) - Onsite Management - Large in-ground swimming pool - Manicured gardens - BBQ Area - Secure building with lift access - Secure underground car park (SUBURB FEATURES) LIFESTYLE - Multitude of cafés, restaurants, bars and specialty shops - Walking distance to Gasworks Plaza + James Street Precinct - Walking distance to Riverwalk, New Farm Park + Howard Smith Wharves - Easy access to public transport network - Easy access to ICB + Kingsford Smith Drive, M7 + Airport Link Tunnel TRANSPORT - 4 km (15 min drive) to Brisbane CBD - 15km (20 min drive) to Brisbane Airport - 2 km (5 min drive) to Bowen Hills Train Station - Teneriffe CityGilder (bus) and CityCat (ferry) terminal + BCC Bus stop EDUCATION - New Farm State School + Fortitude Valley State School Catchment zone - Proximity to Holy Spirit Primary School New Farm + All Hallows School - Short drive to Brisbane Grammar School, Brisbane Girls Grammar School + other inner-city private schools (DISCLAIMER) While we have taken all reasonable care to ensure the accuracy of the information in this advertisement, we do not accept any responsibility and disclaim all liability for errors, omissions, inaccuracies or misstatements. Prospective buyers are encouraged to conduct their own enquiries to confirm the details provided.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
200 m² floor area
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Teneriffe over the last 12 months, the estimated median property value of 116/54 Vernon Terrace is $2m.

Median value
$2m
Estimated value range
$1.32m - $2.96m
Median days on market
52
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Teneriffe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 116/54 Vernon Terrace

2025
Sold
$2,900,000
13 Aug 2025 by Ben Percival, of Percival Property Group
2024
Sold
$1,800,000
15 Oct 2024 by Ben Percival, of Percival Property Group

Happy sellers in Teneriffe

94%
94% of sellers in Teneriffe reported that their sale price either exceeded or met their price expectations.

Teneriffe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Teneriffe over the last 12 months.

Local market activity for 3 bedroom apartments in Teneriffe

In the last 12 months, 35 three-bedroom apartments similar to 116/54 Vernon Terrace, have been sold.

This represents a 8% increase in three-bedroom apartments sales when compared to the previous 12 months.

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