40 Chermside Street Teneriffe QLD 4005
$ 500,000

DESCRIPTION

UNDER CONTRACT
This unit on the top floor of Teneriffe Hill Apartments has been rented since the late 1990s. With a floor area of about 107 square meters it was built during the days when apartments were spacious and light-filled, and this apartment features a balcony of roughly 20 square meters, ideal for entertaining a few friends with a BBQ or an afternoon drink, or perhaps dinner for 10 friends. The louvres allow you to open up the balcony to allow as much natural light as you could wish for, or you can semi-close them adding privacy to your dinner party but still allow the breeze to come through. The perfect North Eastern aspect offers the sunlight in the morning and shelter from the hot Western afternoon sun.

Go downstairs and you find yourself in the heart of the Teneriffe cafe precinct, your choice of coffee, gelato, a quick lunch or a 5 star dinner awaits, all just a few minutes walk from home. Teneriffe is superbly serviced by public transport, the 199 bus every ten minutes, the Teneriffe Flyer which gets you into the CBD in just minutes and the ever popular City-cat ferries that will drop you at the Powerhouse for a concert or Southbank for a BBQ.

The unit has been well-maintained you could buy it now as is, and move in or rent it out, knowing that you have secured by far the best value 2 bedroom, 2 bathroom apartment with TWO secure under-cover carparks on the New Farm peninsula. The Body Corp fees are low, because there is no gym, elevator, pool or other high maintenance facility within the complex. Those kinds of facilities are easily found in nearby streets though.
For those with imagination though, this apartment offers the perfect spacious canvas for adding your own modernizing touches. Get rid of the Californian yellow & upgrade the kitchen, cover up the 90s terra-cotta tiles, and add some stylish light-fittings to the 9 foot ceilings to bring the unit into the 21st century. The carpet is only a few years old, so what would you do with that' And the lino' It is the best in the business and would outlast a few more tenants or you could replace it with a modern 600x600 tile that is trendy today. Your canvas, your choice.
If you happen to have a furry friend, it is nice to know that the building is pet friendly, so you can live here with your best mate.
BCC Rates $394/qtr - Utilities $263/qtr - Body Corp $1,068/qtr
(3893073)