Located in the highly prized urban renewal centre of Newstead. This heritage wool store building is situated on the corner of Arthur Street and Commercial Road, just around the corner from suburb's lively cafe culture.
This heritage 4 level building offers an office/showroom tenancy with some natural light and allows exclusive access from Arthur Street. With the original building structure exposed. Close to public transport and offers ample street parking.
- Prime position in the bustling suburb of Newstead
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 3,793 properties. Over the last 5 years, Houses in Teneriffe have seen a 11.04% increase in median value, while Units have seen a 98.62% increase. As at 31 January 2026:
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