Fine Living Property And Housing Agency

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...