204/139 Commercial Road, Teneriffe QLD 4005

Top-floor in The Cannery | dual-aspect balconies | 289sqm total footprint | 80% owner-occupied building The property’s competitive edge lies in its dual-level top-floor configuration within a well-regarded Teneriffe complex, a layout rarely available and offering genuine separation of living and sleeping zones. The 289sqm total area, while including common property, provides a spatial advantage over standard apartments, and the two private balconies extend usable living outward. This suits a professional couple or downsizer who values light, privacy, and the security of a predominantly owner-occupied building with established amenities like pool and gym. The polished floors and high ceilings are not merely cosmetic; they signal a quality finish that holds value in resale. The primary risk is the discrepancy between the 289sqm total area and the 109sqm internal footprint, which may affect valuation clarity and lender appetite , a buyer should verify the exact strata title measurements. The building’s 47% auction clearance rate suggests softer demand in this complex relative to the suburb’s 27.8% growth, meaning patience in negotiation is warranted. However, the 80% owner-occupier ratio supports stable capital growth and limits rental turnover noise. Hold this property as a long-term inner-city base; its configuration and location near the Riverwalk and Gasworks make it a low-maintenance alternative to a house.