58/110 Macquarie Street, Teneriffe QLD 4005
58/110 Macquarie Street, Teneriffe QLD 4005
Corner position, 208m² internal, dual parking, tightly held 90% owner-occupied building | Rare floorplan in a premium Woolstore precinct with strong suburb growth and low rental turnover | Suits owner-occupier seeking space and privacy over a generic apartment | Auction on 20 May with limited comparable supply.
This unit is competitively rare due to its 208m² internal area, corner aspect with leafy outlooks, and dual secure parking in a building where 90% of owners live in residence. For a buyer, this configuration edges out nearly every comparable in the precinct, which typically offers 120–182m² and single parking. The high owner-occupier ratio and long tenure (54% over 10 years) signal a stable, well-maintained complex with low turnover risk. It best serves a professional couple or small family seeking a permanent home with strong lifestyle access to the CBD, Gasworks, and Riverwalk, rather than an investor chasing yield.
The primary risk is the heritage overlay, which may constrain future alterations and adds approval complexity. The building’s 0% auction clearance rate suggests buyer hesitation at recent price points, though this unit’s size and position are unmatched. For an owner-occupier, the opportunity lies in securing a rare floorplan in a tightly held building; for an investor, the rental yield (3.3% suburb average) is modest but supported by consistent demand from professionals. Hold this property as a long-term primary residence to capture capital growth from scarcity and location.
Detailed Independent Property Report prepared by PropCred Analyst team for 58/110 Macquarie Street, Teneriffe QLD 4005
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Teneriffe is a high-amenity riverside suburb positioned for affluent professionals and childless couples, creating strong rental demand. Its appeal is driven by a blend of historic character and modern apartments, attracting a high-income demographic seeking a convenient, lifestyle-focused locale. Recent price trends show divergence, with unit growth significantly outpacing houses, while the market remains active with properties selling quickly. Future growth is underpinned by sustained desirability and low vacancy rates, though a high proportion of mortgaged owners indicates sensitivity to economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
3647m²
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