WELCOME TO COVELLA ESTATE, GREENBANK – LOGAN SEQLD
Website for estate: https://covella.avid./com.au
Location:
- Orion Springfield Central Shopping Centre – 12 mins
- Springfield Central Train Station – 10 mins
- Brookwater Golf Club
- Mater Private Hospital at Springfield – 8 mins
- Greenbank Soccer Club nearby
- Brisbane CBD – 42 mins
- Brisbane Airport 38 mins
- Gold Coast 60 mins
- Greenbank State School – nearby
- Greenbank Woolworths – 1 min
Landscaped gardens, parks, picnic lawns and playing fields, community garden, Local events and fitness activities – all available here (bocce, lawngrass games, yoga)
Surrounded by untouched woodland to enjoy and explore – 50HA of Greenspace…. So natural yet so convenient!
This Opportunity:
Co-Living/ Co earner: : lot 611Covella estate, Greenbank – Logan
Land size: 350m2. Land price: $288,000
Co-living house : total of 4 beds, 3 baths and 2 cars – size 206.54 m2. Build Cost: $370,700 + furniture package to be selected and costed depending on tenants requirements TBC.
Rental Estimate: as a co – living home with 4 tenants: $1100 to $1160 per week combined for 4 rooms
Very high rental demand and very low vacancy rate! Brisbane area has currently a low 0.6% vacancy rate (August 22)
Re: rental of a co-earner or shared living home: the owner carries the cost of the water, wifi, garden maintenance and a regular communal cleaner.
To Purchase:
Developer has special requirements:
• Pre approval letter or letter from broker indicating borrowing to proceed is in place
• Initial deposit $1000 plus EOI
• Balance deposit on land contract on unconditional to equal 10%
• On unconditional finance a 5% deposit on the build cost paid to builder
• Finance to approved within 45 days
• Additional time can be extended for conditional approval subject to valuation
• Required documents: EOI, deposit payment confirmation, ID eg passport for each buyer, mobile and email for each buyer
Expression Of Interest with $1000 initial holding deposit for design and drafting costs (non refundable if you do not purchase)
Finance: 45 days
Land settlement: 14 days from unconditional finance approval
New Build – not yet constructed – off the plan purchase
All our properties are subject to availability
Note that the price may be greater due to the furniture package required for co-living, but this cannot be confirmed until tenants are secured (TBC)

FOR SALE: $658,700
KAYE TILLEY: 0418 823 046