Back 137/53 Vernon Terrace
Off Market

137/53 Vernon Terrace

Teneriffe QLD 4005

2
2
1
83 m²
Apartment
Last sold for $1,050,000
Ben PercivalBen Percival, last sold this property on 10 April 2026 after 14 days on market.

Overview

(THE ULTIMATE BLANK CANVAS IN THE MACTAGGARTS WOOLSTORE)

This top-floor residence within the iconic Mactaggarts Woolstore represents a vanishingly rare opportunity - a true time capsule preserved in its original conversion state. While most converted Woolstores have been meticulously reimagined over the last three decades, Unit 137 remains a testament to the raw, industrial soul of the early 1990s. This is an invitation to the visionary: a rare chance to strip back the years and craft a bespoke masterpiece within the only direct riverfront Woolstore in Teneriffe. Positioned to overlook the leafy canopy of Vernon Terrace with glimpses toward the CBD, this is the purest starting point for a bespoke architectural statement. (PROPERTY SNAPSHOT) – 2 Bedrooms – 2 Bathrooms – 1 Study – 1 Secure car space – 83 SQM – Top-floor position – Soaring double-height ceilings – Exposed heritage red brickwork – Original timber trusses + saw-tooth roofline – Leafy Vernon Terrace views with CBD glimpses – Signature timber mezzanine layout – Rare original condition preservation Stepping inside Unit 137 is a nostalgic journey. In an era where original condition is almost impossible to find, this home offers the vertical scale and heritage features for a grand transformation. The soaring double-height ceilings and white-painted timber trusses create a volume of space that is singular to the Woolstores, drawing the eye upward and flooding the interiors with natural light. The living area is defined by its authenticity. Original timber-framed sash windows frame peaceful views over Vernon Terrace toward the CBD in the distance, while the exposed red brickwork provides the tactile warmth that has made the Woolstores some of the city's most iconic residences. In this apartment, the raw architecture of the past waits for a refined, contemporary finish. The signature split-level layout features a timber mezzanine that overlooks the main living area - a classic design element reminiscent of NYC lofts that offers incredible versatility. Whether retained as a quiet study or expanded into a palatial, secluded master retreat, the footprint is ready to be reimagined to suit a bespoke lifestyle. The kitchen and bathrooms, preserved in their original 1990s cabinetry and tiling, offer a functional baseline or, more excitingly, an opportunity for a complete redesign. This is not just an apartment; it is a rare and highly sought after chance to create a one-of-a-kind residence in an iconic, riverfront heritage building. Positioned directly on the banks of the Brisbane river, residents enjoy lush gardens, private access to the Teneriffe boardwalk and seamless connectivity to public transport just around the corner. Discover the very best of the 4005 lifestyle at your doorstep. (BUILDING FEATURES) – Only direct riverfront Woolstore – Residents' garden, in-ground pool + BBQ areas overlooking the Brisbane River – Immediate access to Teneriffe Boardwalk – Excellent proximity to CityCat Ferry terminal, CityGlider + bus terminal – Secure parking – Onsite Management (SUBURB FEATURES) LIFESTYLE – Multitude of cafés, restaurants, bars and specialty shops – Walking distance to Teneriffe boardwalk, Gasworks Plaza + James Street Precinct – Proximity to 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 – 15 km (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

2 bedrooms
2 bathrooms
1 carspace
1 open car space
83 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Teneriffe over the last 12 months, the estimated median property value of 137/53 Vernon Terrace is $1.18m.

Median value
$1.18m
Estimated value range
$800k - $1.95m
Median days on market
34
Estimated value trend
29%
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 137/53 Vernon Terrace

2026
Sold
$1,050,000
10 Apr 2026 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 2 bedroom apartments in Teneriffe

In the last 12 months, 72 two-bedroom apartments similar to 137/53 Vernon Terrace, have been sold.

This represents a 47% increase in two-bedroom apartments sales when compared to the previous 12 months.

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