2/113 Commercial Rd

Off Market

2/113 Commercial Rd

Teneriffe QLD 4005

88 m²

Apartment

Last sold for $395,000

Robert Lamprecht, last sold this property on 03 July 2019 after 42 days on market.

Overview

Large 88sqm Fully Furnished One Bed With Private Courtyard!

Owner Occupiers: Cheaper than Renting! Vacant Possession & fully furnished. Investors: Rents well $470-$490 - 6.25% approx Gross Return! Low Outgoings. No other one bedroom, one bathroom apartment in the current market compares to this beautiful home. Situated inside DoubleOne3, a prestigious residency in Teneriffe, arrives this gorgeous, north-facing home which comes fully furnished. Spanning a huge 88sqm, coveted amenities include a 27sqm courtyard with integrated greenery, stainless steel European appliances, ample storage, electric cooktops, ducted air-conditioning and stone island kitchen bench tops. Further adding to the immense appeal of this glamorous home is the open-air rooftop terrace which is perfect for taking in cool river breezes or enjoying a cocktail whilst admiring the scintillating city skyline. Property Features: - Vacant possession - Over 5% net yield approx.. Perfect for investment - Fully furnished over $15,000 oo furnishings - Rental appraisal $470pw to $485pw approx - Low body corporate fees of approximately $853 per quarter approx. - Council rates of approximately $320 per quarter approx. - Healthy sinking fund sitting over approximately $450,000 - Rooftop Terrace with BBQ and stunning City views - Secure basement car park with 23 visitor car parks - Abundance of storage areas and large walk-in robe - Stylish lobby, with good on-site managers - Pet-friendly complex Less than two kilometres from Brisbane's central business district, there's immediate access to south-east Queensland's best retail, dining and cultural areas. Within walking distance are Newstead's Gasworks, James Street in New Farm and Fortitude Valley's vibrant Emporium, all of which provide a plethora of bars, cafes, restaurants and shopping outlets. Furthermore, travelling across Brisbane is made easy with train, bus and ferry services right on your doorstep.

Features

1 bedroom

1 bathroom

1 carspace

88 m² lot size

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Teneriffe over the last 12 months, the estimated median property value of 2/113 Commercial Rd is $835.5k.

Median value

$835.5k

Estimated value range

$640k - $1.11m

Median days on market

Estimated value trend

18%

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 2/113 Commercial Rd

2022

Rented

Undisclosed

Leased on 24 Nov 2022 by Grow Property Group

2019

Rented

Undisclosed

Leased on 21 Aug 2019 by Grow Property Group

2019

Rented

Undisclosed

Leased on 31 Jul 2019 by Grow 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 9 reviews in Teneriffe over the last 12 months.

Local market activity for 1 bedroom apartments in Teneriffe

In the last 12 months, 24 one-bedroom apartments similar to 2/113 Commercial Rd, have been sold.

This represents a 63% increase in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Teneriffe for a free market appraisal.

Anthony Oddo

at Best Life Real Estate Agency

4.9

(96 reviews)

Get a free market appraisal

Michael Shean

at SPACE Property - Ashgrove

(105 reviews)

Get a free market appraisal

Cameron Campbell

at Enclave Property Group

(47 reviews)

Get a free market appraisal

Dimitri Cassidy

at Ray White New Farm

(16 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Teneriffe

Anthony Oddo

Anthony Oddo is a recommended agent for Teneriffe. They have 3 local sales and collected 2 local reviews across the last 12 months.

4.9 (96 reviews)
2 Reviews in Teneriffe
3 Sales in Teneriffe

View profile

Michael Shean

Michael Shean is a recommended agent for Teneriffe. They have 1 local sale and collected 2 local reviews across the last 12 months.

5 (105 reviews)
2 Reviews in Teneriffe
1 Sale in Teneriffe

View profile

Cameron Campbell

Sellers who recommend Cameron Campbell have praised them for being clear communication, local expert, reliable, dedicated, honest, well-prepared and friendly