116/54 Vernon Terrace, Teneriffe, QLD 4005 sold on 24 July 2025 | OnTheHouse
SOLD
Sold on 24 Jul 2025 for $2,900,000

116/54 Vernon Terrace
Teneriffe QLD 4005

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 157m2
Land area: 171m2
Sold By
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Percival Property Group
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Property Details for 116/54 Vernon Tce, Teneriffe

116/54 Vernon Tce, Teneriffe is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1911. The property has a land size of 171m2 and floor size of 157m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 3 bedroom Unit sold in Teneriffe in the last 12 months.

Building Type
Unit
Year Built
1911
Floor Size
157m2
Land Size
171m2
Local Government
Brisbane
Lot/Plan
116/SP142198

Last Listing description (October 2025)

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 cafs 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 cafs, 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.

Property History for 116/54 Vernon Tce, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,900,000
24 Jul 2025
Listed for Rent
$680/w
27 Jun 2007
  • 24 Jul 2025
    Sold for $2,900,000
  • 17 Jul 2025
    Listed for Sale $2,900,000
  • 23 Sep 2024
    Sold for $1,800,000
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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 2016 was 5335 people. By 2021 the population was 5520 showing a population growth of 3.5% 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 2021, 46.30% of the homes in Teneriffe were owner-occupied compared with 42.30% in 2016.

Teneriffe has 3,798 properties. Over the last 5 years, Houses in Teneriffe have seen a 11.59% increase in median value, while Units have seen a 98.53% increase. As at 31 December 2025:

  • The median value for Houses in Teneriffe is $2,102,322 while the median value for Units is $1,237,281.
  • Houses have a median rent of $800 while Units have a median rent of $800.
There are currently 16 properties listed for sale, and 9 properties listed for rent in Teneriffe on OnTheHouse. According to Cotality's data, 218 properties were sold in the past 12 months in Teneriffe.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.