Teneriffe Apartments is a heritage listed 1912 Woolstore building that was converted into 66 residential units and 4 shops in the early 1990s in one of Brisbanes most sought after suburbs. With a short distance walk to the Brisbane River and a casual afternoon stroll to New Farm Park and the Brisbane Powerhouse, an abundance of cafes, restaurants and pubs, a five-minute walk to Woolworths and the City Glider Bus.

The building is full of character and sets itself apart with double brick exterior walls, exposed timber beams, high set saw-tooth roof windows, timber polished iron bark floorboards, a gym and a lift and an on-site full-time building manager and dedicated committee and body corporate.

The high set saw-tooth roof windows and a breathtaking open space atrium allow natural light to fill the building.

The apartment has a curved corridor, beautiful original polished iron bark floorboards, exposed timber beams and high ceilings and floor space of 66m2. There are new stainless steel ceiling fans in the bedroom and lounge room and a wonderful breeze that draws through the apartment from the large street window to the front door. The street window also features a western red cedar timber Venetian blind. Appliances include a clothes dryer, dishwasher, Bosch electric cooktop and new stainless steel Westinghouse under bench oven. The bedroom has an in-built wardrobe and overhead storage cupboards and a loggia area that can be used for storage and extra privacy. There are also in-built shelves beneath the breakfast bar.

Body Corporate Fees are $3,614 per annum, BCC Rates $1,221 per annum and Urban Utilities $956 per annum. Currently rented at $390 per week and could rent for $400 per week at the end of the current tenanted lease agreement which expires in June this year. This unit is a great investment with very strong capital growth and also a great apartment for an owner-occupier.

Contact the on-site manager to make an appointment or come along to Saturdays Open for Inspection.