59/46 Chermside St, Teneriffe is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1998. The property has a land size of 164m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in Teneriffe in the last 12 months.
This spacious two-level apartment offers an exceptional opportunity for investors seeking a high-performing asset in one of Brisbane's most desirable suburbs. Currently leased at $900 per week until August 2026, this property delivers reliable income with the added advantage of strong capital growth potential in Teneriffe's tightly held market.
Boasting over 160m of internal and external living, the air-conditioned open-plan kitchen, living and dining space flows seamlessly to an expansive north-east facing terrace perfect for Brisbane's indoor-outdoor lifestyle. The modern kitchen is well-appointed with a gas cooktop, breakfast bar, and ample storage.
Upstairs, two generous bedrooms each feature large built-in robes, with the master enjoying air-conditioning, an ensuite, and a private balcony. Additional features include a main bathroom with shower over bath, European laundry, under-stair storage, floorboards to living areas, and two secure car spaces.
Situated in a boutique walk-up complex with secure access, the apartment is surrounded by Teneriffe's vibrant dining precinct, boutique shops, Riverwalk, Gasworks, James Street, and New Farm Park. Public transport is easily accessible via nearby bus routes and the CityCat ferry terminal, with Brisbane CBD just 2km away.
Key Investment Highlights:
- $900/week rental income
- Leased until August 2026
- Huge 160+m floor plan across two levels
- North-east facing terrace with Teneriffe views
- Two secure car spaces
- Prime inner-city location with strong growth prospects
Please contact our Sales & Leasing Manager Blair on 0468 791 950 or blair@gtpartners.com.au to book an inspection of this property. Please ensure you register for any inspection you are wanting to attend so that should we need to cancel the inspection for any reason, we are able to notify you of this change.
* Every care and due diligence has been taken in the preparation of this listing. The agency and owner assume no responsibility for the accuracy of the content, and encourage all prospective tenants to conduct their own research.
The size of Teneriffe is approximately 0.9 square kilometres. There are 2 parks, covering nearly 4.3% of the 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 3,805 properties. Over the last 5 years, Houses in Teneriffe have seen a 46.20% increase in median value, while Units have seen a 96.11% increase. As at 31 May 2026:
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