Brick Lane on Florence
– old meets new in Teneriffe
Dapples of light filter through the patterned metal façade that veils Brick Lane. Inspired
by the old woolstores of Teneriffe, the project’s distinct design gives an ode to the area’s
history while still allowing plenty of natural light into the open-plan living spaces.
At Brick Lane on Florence convenience does
not mean compromise of lifestyle. Within
minutes you can stroll to the local trendy cafés
and the Brisbane Riverwalk, or drive to the
many opportunities of the city. The developer
Joe Adsett, who is a Teneriffe local himself,
says these apartments are the perfect buy for
the owner occupier who wants the best of
both worlds. Brick Lane Teneriffe construction taken by
Propertymash.com
Its key attributes are its focus on ‘corner’ apartments, which refers to the focus on
maximising frontage of each apartment to natural light, and the external design which
seeks to blend modern with old.
THE PROJECT
Brick Lane will offer two (2) and three (3)-bedroom apartments spread across six levels
which includes an underground carpark. The development comprises 16 apartments
and two penthouses, one with a rooftop terrace.
Brick Lane’s metallic artwork screens carry forward the theme of nearby Woolstores
and are a distinctive design element of this development. This stencilled brick-like
motif adds aesthetic appeal to the square building and adds a nice contrast to the white
rendered finish and timber panelling.
Brick Lane is positioned on a small (by development standards) 800m² block with no
gardens or facilities. yet it’s a close walk to Teneriffe Park so plenty of green space is
close by. Teneriffe is all about the coffee and dining culture though, so it is more about
locking your front door and getting a coffee or a wine than perhaps going to a park for a
picnic.
The low-rise building has external frontage of approximately nine metres and its
marketing places significant emphasis on the architects ability to maximised frontage to
light, as you get in a corner apartment – hence the name corner apartments that is used
in the marketing literature.
We have not been provided floorplans so we can not vouch as to whether this is in case
the fact.
LOCATION
Brick Lane is on Florence street, about 300m from the Brisbane River in Teneriife.
Teneriffe is one of Brisbane’s most affluent suburbs which many years ago was a
farming area and industrial hub. In recent times Teneriffe has undergone an urban
resurgence. Low-rise apartments line Vernon Terrace and the woolstores that long were
the industrial hub of the suburb are all now trendy converted apartments.
Brick Lane will reside on Florence Street. Photo taken by Propertymash.com
Teneriffe is an inner city pocket 2.5km northeast of the CBD and thus enjoys an
abundance of services and facilities. Yet, it has a village feel and relaxed character
compared to its New Farm (4005) neighbour. The suburb has experienced a true urban
renewal and with the redevelopment of historical Woolsheds into hip apartment-style
homes Woolstores aligned with urban precincts around the world, young professionals
were lured to live here.
Florence Street is home to trendy cafés and retailers. Macquarie Street is the central
street in Teneriffe and home to boutique shops, restaurants including ‘The London’.
Brisbane’s only traditional Japanese bath houses or ‘onsen’ resides here. Teneriffe has
its own annual festival in July.
When you drive through Teneriffe you get a real feel of what is happening in many cities
where older suburbs which were somewhat neglected for decades suddenly go through
a revitalisation born from their sheer proximity to the CBD.
This is particularly prevalent in bordering Newstead (4006) about 800 metres away,
which is currently undergoing an influx of construction with developments taking shape
and form in high density between Skyring Terrace and Commercial Roads. With already
stretched street car parking available this will only get worse as more people move into
the area.
Teneriffe is pressed for street car parking. Photo taken by Propertymash.com
The closest shopping hub is the Gasworks Plaza in Newstead. There you will find a
Woolworths, cafes and dining options. Shopping Centre Homemaker is close by in The
Valley. It has an ALDI, Goodlife gym, Trade Secret and retail outlets.
From Teneriffe you can walk alongside the river to the CBD including the River Walk.
New Farm Park is 2.5 km from Brick Lane which attracts more than 18,000 visitors
each week and is home to the Brisbane Powerhouse arts centre, barbecues and picnic
areas.
Teneriffe suburb shot. Photograph provided by developer.
The CityCat terminal is a five-minute walk from Brick Lane. Buses also run from here
every 10 minutes as well as from Vernon Terrace, just 200m from home. The bus will
get you into the city in around 40 minutes transferring to the 412. Limited transport
options are a down side to Teneriffe, with no train station.
A selection of schools at your fingertips benefits families. New Farm State School is the
closest primary school about one km away. It has a maximum student capacity of 364
students. Ascot State School and Brisbane Central School are the public schools for
bordering catchments. The closest private schools are All Hallows, a Catholic girls’
school and St Joseph’s College, a Catholic boys’ school, in the city.
Royal Brisbane and Women’s Hospital, in Herston (4006), and Brisbane Private
Hospital, in the city, are both about a 3km drive. Getting to Brisbane Airport takes
around15 minutes via the M7.
QUALITY/FINISHES
Floor-to-ceiling glass doors on the balcony invite in natural light and create breezeways.
Each apartment includes perforated screening which slides open to act as a climatic and
privacy filter also adding a nice design feature.
Brick Lane living areas and balcony. Photo provided by the developer.
Brick Lane contains Miele appliances, timber floors, large (90cm) cooktops,
splashbacks and quality cabinetry. A corner ensuite with freestanding tapware includes
a bath, double vanities and a feature wall.
Brick Lane Teneriffe balcony. Photo provide by developer.
Each apartment has fully-ducted reverse cycle airconditioning plus all bedrooms have
ceiling fans. In addition, there are TV and ADSL points in the living area, study and
bedrooms. The apartments are also smart-wired.
Brick Lane offers two colour schemes – light and dark. However, the Developer is
prepared to work with purchasers to customise a unit according to their personal taste,
which is a very big plus for the project. Also, there is an optional upgrade available
which includes marble benchtops and splashbacks, additional storage space and
internal blinds among extras.
INVESTMENT ANALYSIS
According to the Residex State Market Report the median value of Teneriffe
apartments is $589,000 and the median rent is $550.
The estimated rental yield is around 5.5 per cent however it is expected most buyers will
be owner occupiers.
Body corporate fees will be around $4400 per year.
In 2011, the Australian Census recorded 4699 people living in Teneriffe, and 86 per
cent of dwellings were flats units or apartments. The average age of the population is
33. The median price of houses in Teneriffe are about $1.3 million.
BUILDER/DEVELOPER PROFILE
The architect and developer Joe Adsett is a Teneriffe local who graduated from
Queensland University of Technology. He specialises in luxury residential projects
around Brisbane and on Australia’s east coast.
NEIGHBOURING PROJECTS/COMPETITION
Apartments on the left of Brick Lane may have their views blocked by 17 Skyring Tce
which is 30m in height with eight floors and comprises 163 apartments. There are
multiple developments popping up between Skyring Terrace and Commercial Road
which may change the face of the suburb itself.
An advantage of buying into a smaller development is you will not feel part of an urban
plan. On the flip side you will not gain access to a range of recreational facilities.
SALES OFFICE & ONSITE DISPLAY
Stack Projects is the sales agent for the development. A display is open by appointment.