70/39 Vernon TerraceTeneriffe QLD 4005
Property Details for 70/39 Vernon Tce, Teneriffe
Last Listing description (September 2021)
This Stata Tilted Shop is located in the "Goldsborough Place" Unit residential complex. It was originally leased to a well-known restaurant for many years since built but became vacant in 2019 and now leased to a publicly listed company operating Lifestyle and Fitness Centres. The shop has an outside exclusive use area of 117 m2 which is enclosed by heavy duty plastic drop covers and Council approved. The shop has unrestricted riverfront and park views. This location is unique and would be highly sought after for future tenants or owner occupiers.
5 + 3 Lease in place
Tenant part of publicly listed group
Tenant pays 100% of outgoings.
First time offered since built.
Common area parking for 14 cars for commercial users only
Secured Investment opportunity in this location.
For more information or to arrange an inspection, please contact the exclusive marketing agents, Commercial Brisbane in conjunction with Tom Chan.
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Property History for 70/39 Vernon Tce, Teneriffe, QLD 4005
- 19 Jul 2021Sold for $1,300,000
- 18 May 2021Listed for Sale Contact Tom Chan
- 22 Feb 1996Sold for $310,750
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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 3,799 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.
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