1 bedroom mini flat (room and parlour) for sale
Mobolaji Bank Anthony Way, Ikeja, Lagos
Alpha residence -- ikeja
luxury short-let investment opportunity
alpha residence is a purpose-built luxury short-let apartment development currently under construction at 70 mobolaji bank anthony way, ikeja --- one of lagos' busiest hospitality and commercial corridors.
the project is designed strictly for short-let income, targeting business travelers, expatriates, airline crews, and premium short-stay guests.
project summary
- 12 luxury one-bedroom apartments
- purpose-built for airbnb & short-let use
- 20-year lease income structure
- estimated completion: october 2026
- professionally managed by porch housing limited
⸻
why ikeja?
- close to the international airport
- proximity to major hotels & corporate offices
- high year-round short-let demand
- easy access to ikeja gra
⸻
ownership options
1️⃣ sole ownership -- ₦40,000,000
- full ownership of one apartment
- 100% rental income
- flexible payment plans available
- discounts on outright or short payment plans
2️⃣ tenancy in common -- ₦9,000,000
- 5 investors jointly own one apartment
- rental income shared proportionally
- ideal for low-capital entry
- payment is outright
⸻
what the 20-year lease means
- you are not buying the land outright
- you earn income from the apartment for 20 years
- you can rent, earn, sell, or transfer your interest
- lease renewal option available at expiration
⸻
tenancy in common explained
- 5 investors × ₦9,000,000 = ₦45,000,000
- each investor owns a legally distinct share
- rental income shared proportionally
- shares can be sold or transferred
- porch housing sources co-owners and manages the apartment for the full 20 years
⸻
conservative income projection (ikeja)
- average booking: 15 days/month
- average daily rate: ₦80,000
- annual revenue: ₦14,400,000
porch housing deducts 30% for operations & management.
the remaining ₦10,080,000 is shared among the 5 co-owners.
️ estimated annual income per co-owner:
₦2,016,000
️ this is a worst-case, conservative estimate.
once furnished to premium standards, daily rates are projected at ₦120,000+, meaning higher earnings.
⸻
why the 30% management fee?
- guest sourcing & marketing
- 24/7 guest communication
- housekeeping & laundry
- maintenance & repairs
- utilities & facility management
- revenue reporting & protection
- brand & rating management
truly passive income
high occupancy & pricing optimization
zero operational stress
note: apartment management services are optional for sole owners.
owners who opt out will pay annual service charges.
⸻
furnishing policy
- apartments are delivered unfurnished
- co-owners contribute equally for furnishing
- if a co-owner defaults, alpha residence covers the cost
- amount deducted from revenue with 10% interest
limited units available
prices will increase as construction progress...
More details
₦40,000,000
Fine Living Property And Housing Agency
08134209875
