Commercial Property for Sale in Osborne Phase 1, Ikoyi, Lagos

*investment opportunity* osborne phase one hotel ikoyi an up-market, boutique, luxury hotel, located in ikoyi, lagos is available for sale as a viable investment opportunity. *land title:* two certificates of occupancy registered at the federal lands registry, as: i) 40:40:24 and ii) 40:40:18 (the c of os describe the locations as plot 12 block 1v and plot 1 block iv, respectively.) *property layout:* the properties are seating on approximately 3,000 sq m of land. they consist of adjoining corner pieces, bordered by three roads, giving the project a "stand-alone" character, and flexibility of access. the entire premises consist of three structures, each having independent foundations. two buildings consist of ground floors plus three more floors sandwiching another two-floor structure that hosts a rooftop swimming pool and 2 movie theatres. *project highlights* a. the hotel emphasizes quality, service, anonymity and privacy. it is designed to serve the *upper market* segment, which includes high networth individuals as well as high ranking members of corporates, governments and their agencies. b. the project is ready; and an upgrade is on the way. the upgrade is 90% done, and the hotel should be ready to resume operations in 90 days. c. upon completion, the project will feature the following: two-wing, four (ground plus three) floor building of 42-bedrooms (16 of them convertible to 1,2 or 3 bedroom suites), with contemporary lounging and dining facilities on both wings. two executive theatres/amphitheaters (commercial, big screen cinema) with digital projections and screens. two conference halls: 35 to 50 seaters each. rooftop swimming pool (18 meters long, 8 meters wide and 12 feet at the deep-end), embedded in a huge garden with synthetic grass floor, dotted with gazebos and water cascades. 24-hour rooftop entertainment lounge (indoor) poolside garden and entertainment center (outdoor) ground floor jacuzzi pool, which collects water cascading from a waterfall - mountain inspired! external walls, floors plus bathrooms fully cladded in quality granite & marble. industrial kitchen. commercial dry cleaning & laundry. cold rooms (3 nos.) gymnasium & spa. parking spaces for more than thirty cars. d. embossed towels, customized toiletries, beddings, and other consumables (6 months supply) e. annual net cashflow, conservatively projected to average ni.5 billion, from five discernible profit centers. f. ask price is $8.5m (or its equivalence in naira or any other acceptable currency). agency fee applies 5% g. payment by installments is acceptable, provided the 1st is more than 50% of value. h. title transfer is by shares - as ownership is in the name of a company. j...