29 Olive Avenue GREENBANK QLD 4124
$550,000

DESCRIPTION

29 Olive Avenue - Everleigh Estate Display Village Greenbank

For sale with a lease-back by the Owner / Builder - inspect 7 days by appointment.
Nestled comfortably in the new Display Village at this upscale Mirvac estate and just a brief walk away from the Greenbank Shopping Centre.
Presentation meets expectation with this unique floor plan that encapsulates the spirit of modern living - a treasure trove of contemporary design the home is part of the exclusive IBN "Adaptable Living" range and Gold Rated by the NDIS.

Location:
Inspired by the authentic village lifestyle in a desirable hub for young families - a new master planned community within a quintessential, quiet leafy township. This package is position perfect, occupying a coveted position in the estate connecting you to all the features in this new master-planned community. A brief walk to an environmental corridor and the new State School, Greenbank Shopping Centre and a short drive to the Springfield Train Station.

Fast Facts:
Sale price: $550k
Guaranteed rental: 6.25% pa ($660 pw)
Leaseback term: 2 years + 6 month option
Fully furnished, every conceivable extra

Benefits:
Guaranteed tenant (the builder) for the lifespan of the display village - minimum 2 years;
High rental yield while the investment property is a display home because the builder pays rent at a commercial rate;
Even though the rent is paid at a commercial rate, the investment property is treated as a residential building for tax purposes;
The house is of the highest quality as the builder is keen to showcase their best work;
Depreciation can still be claimed;
Gardens and outdoor areas are landscaped and well maintained by the builder while the investment property operates as a display home;
Builders/developers make great tenants and have the property professionally cleaned and maintained on a weekly basis;
As part of a display village, the investment property is surrounded by quality homes on an attractive street which makes the property easier to sell at the end of the lease;
There is no need for a property manager so you save on property management fees;
If you decide not to sell at the end of the leaseback you will attract quality tenants and a premium rent due to the superior location and streetscape.
Capital growth is usually excellent as the new estate will be starting to mature by the end of the lease.

Everleigh is regarded as an upscale estate and has a high uptake of owner occupiers. This is vital for ongoing capital growth prospects.
Mirvac the developer will have several more land releases, generally with the land prices rising each new release as the infrastructure completes.
Located within a stunning streetscape surrounded by Metricon, Bold, Plantation and other high profile builders of quality homes.

Phone Rick Hayter Reveal Phone or Chris Yearbury Reveal Phone for more information