 Asset Class: | Industrial |
 Price: | $ 1250000 |
 Net Yield: | 3.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
a premium 114 m²* ground floor strata-titled unit located at 36D Vernon Terrace, Teneriffe, QLD 4005. This boutique tenancy enjoys exceptional exposure to high levels of both vehicular and pedestrian traffic.<br><br>With significant capital already invested in this high-end, functional fit-out, the space is ideal for a range of businesses, including medical, allied health, consultancy, beauty, office use, and much more.<br><br>This property is offered with vacant possession, making it an excellent opportunity for owner-occupiers and/or investors. Positioned in the heart of Brisbane's most vibrant suburb, close to the river and CBD, this standout property is an appealing addition to any savvy investor's portfolio.
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Teneriffe is a prestigious inner-city suburb located just 2.5 kilometers northeast of Brisbane's central business district, offering a unique blend of historical charm and modern urban living35.<br>Suburb Characteristics<br>Population: 5,520 residents<br>Average Age: 34 years<br>Demographic Profile: Predominantly young professionals and couples without children7<br>Property Insights<br>Median House Price: Approximately A$1.5 million<br>Median Unit Price: Around A$600,000<br>Median Weekly Rental: A$510<br>Average Bedrooms per Dwelling: 2.257<br>Lifestyle and Amenities<br>Key Attractions:<br>Riverside location with scenic Riverwalk<br>Converted historic wool stores<br>Vibrant café and restaurant scene<br>Proximity to Brisbane CBD<br>Multiple parks and green spaces15<br>Transportation Options<br>Public Transport:<br>Bus: 20.6% of residents<br>Walking: 14.7%<br>Car: 49.5%<br>CityCat Ferry available<br>Extensive cycling paths
Additional Location Information FileTenant Characteristics<br>Primary Demographic: Young professionals and couples without children<br>Occupation: 46% of employed residents work as Professionals<br>Education: Most residents have attained a Bachelor's degree level of education<br>Income: Median weekly household income of A$2,645<br>Ancestry: Top ancestries include English (40.8%), Australian (26.8%), and Irish (17.8%)
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Investment Potential<br>Capital Growth: Strong performance<br>Rental Yield: Approximately 4%<br>Property Types: Mix of historic woolstore apartments, modern units, and family homes5
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Apartment 42/36 Vernon Terrace: 3 bedrooms, 3 bathrooms, 2 parking spaces Advertised for rent at A$1,200 per week in October 20243 Unit 36/36 Vernon Terrace: Estimated rental income: A$1,055 per week Last updated on December 16, 20244 40/36 Vernon Terrace: 3 bedrooms, 2 bathrooms, 1 parking space No specific rental data available, but property value is A$1,284,000 These comparisons suggest that rental prices for apartments in this building and area range from approximately A$1,055 to A$1,200 per week, depending on the specific unit's features and size. The higher-end units with more bedrooms and amenities tend to command higher rental prices
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Area – 114m2*<br>- Fit-out includes reception, waiting area, 6 x rooms (4 with shower cubicles), storage, kitchen and toilet amenities.<br>- 1 x car park included<br>- Vacant possession. Suitable for owner occupiers and/or investors<br>- Excellent exposure to strong vehicular and foot traffic<br>- Existing fit-out would suit a multitude of end users e.g – medical, allied health, skin & beauty, office and more<br>- Centrally located in the heart of Teneriffe, 2.5km* north of Brisbane CBD<br>- Secure this trendy fully-fitted out CBD fringe tenancy, as it will not last!<br>
