This property spans 5 acres and is situated adjacent to the new Covella Estate in Greenbank. It offers a high-quality living experience and holds significant potential for future development subject to council approval. This is an exciting opportunity for a developer or project builder to secure a large 5 acre site in the heart of Greenbank Complete with a fantastic three bedroomed home that currently returns $580 per week in rent, this prime site is located in a quiet street that offers convenience to local amenities, transport options, schools and services of Greenbank and surrounding suburbs. The uniquely designed two level home has much character and charm that will capture your attention and comes with high raked ceilings throughout, solid timber and veneer linings with Besser brick construction, hardwood floors in sections plus easy tiled areas and abundant natural light and good airflow. The home comprises a functional layout with: - Wide verandahs circling the house offering numerous outdoor seating spaces and entertainment areas and patio areas. - Cozy formal lounge and dining room features a brick fireplace. - Massive main living room is super comfy for media viewing and games with air conditioning and exposed timber beams to towering ceiling. - Solid timber country-style kitchen with quality joinery, ample bench spaces and cabinetry for storage of goods and pantry. - Cool and shady tropical gardens with large lawn areas allowing for play and garden enjoyment with children or friends. - Downstairs has large bedroom next to the neatly presented main bathroom with separate shower and bath. - Internal laundry room with patio access and good storage. - Upstairs consists of two bedrooms with a central bathroom with shower, vanity and WC. - Bright and spacious master bedroom with high ceilings featuring exposed timber beams, air conditioning and ceiling fan. - Second bedroom with balcony access and built-in robe. Just a few minutes by car to local Woolworths shopping centre, 10 minutes to Park Ridge and 15 minutes to Browns Plains Grand Plaza. Springfield Central is also closeby and direct drive of 11km. Property highlights include: - Split system air conditioning - Fireplace - Hardwood floors & ceilings - Ceiling fans - Double carport facility - 2x large sheds both 6x12m for secure storage A similar property behind this has recently been sub-divided into small allotments indicating demand and opportunity for the astute investor/developer. Currently tenanted until Feb 2024 at 580 pw per week!!! **All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**