507/113 Commercial Road, Teneriffe QLD 4005

1-bedroom city-view unit | DoubleOne 3 complex | Teneriffe riverside pocket | 68m² internal with garage This unit occupies a rare position in Teneriffe: a genuine one-bedroom floorplan with 68 square metres of internal space and city views from a boutique complex where 80 percent of owners live on site. That owner-occupier majority signals a well-managed building with restrained turnover, which directly supports capital stability. The property suits a professional single buyer or investor seeking a low-maintenance riverside foothold in a precinct where one-bedroom units trade at a median of $752,000 and clear in 13 days. The garage adds practical edge in a suburb where parking is scarce. The principal risk is the 2017 purchase price of $415,000, which sets a low cost base for the current vendor and may imply limited urgency to transact below market expectations. The listing is fresh, so price discovery is incomplete. The building’s 114 units mean common area levies should be scrutinised for upcoming capital works. The opportunity lies in Teneriffe’s constrained supply and strong rental demand from professionals who value walkability to the river and James Street. Hold this unit as a long-term core holding or rent it to a quality tenant while the suburb’s price floor continues to lift.