502/113 Commercial Rd, Teneriffe is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 65m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Positioned on level five of the superbly located 'DoubleOne 3' complex, this light-filled apartment is in excellent condition, recently undergoing a fresh coat of paint, new carpets, bathroom fixtures, dishwasher and kitchen tapware. It has an elevated and peaceful south-east facing balcony towards the river and the woolstores. It's stylish, perfectly located, and will be available for vacant possession!
Apart from its location, the best features of this apartment are its storage areas, the east facing aspect and the well thought-out design. The apartment consists of contemporary finishes that are complimented with light and bright colour tones, giving it a modern, fresh and enduring appeal. The abundance of storage areas can be found throughout the apartment, a spacious walk-in robe for the bedroom, floor-to-ceiling cupboards in the living room, plenty of shelves and cupboards in the kitchen and lots of shelf space behind the mirrors in the bathroom. The balcony is ideally facing towards the river, meaning it is quiet, peaceful and will capture plenty of natural light and breezes.
Please email or call Anthony on 0430 028 254 to register your interest or make sure to attend the next open house before it goes under contract.
Additional Features:
- Quiet south east aspect with elevated position
- Generous balcony suitable for outdoor dining/entertaining
- Woolworths Metro only 50 metres away!
- Cafe, bakery and other shops also on ground level
- Bathroom tiles have been recently regrouted
- Bright, breezy and peaceful
- Excellent Storage throughout
- Ducted Air-conditioning
- Modern dishwasher and dryer
- Stylish lobby, with good on-site management
- Rooftop Terrace with BBQ and stunning City views
- Secure basement car park with over 20 visitor car parks
- Totally lift accessible with intercom access
- Two bike storage rooms on ground level
- Pet-friendly complex (requires BC approval)
- Sinking Fund balance $324,268
- Body Corporate Fees $5,006 per year
- Council Rates $506 per quarter
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 3,797 properties. Over the last 5 years, Houses in Teneriffe have seen a 21.07% increase in median value, while Units have seen a 94.42% increase. As at 30 November 2025:
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