Newly Built 2 Bedroom Service Apartment.
It may now be rented/sold, under offer or temporarily withdrawn from the market.
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Property Description
AVAILABLE FOR SALE:
- Newly Built 2-Bedroom Apartments
- Located at, Ikate, Lekki, Lagos.
- All rooms Ensuite with Balcony with Aluminum French Windows.
- Large Sitting Room with Open Plan Kitchen.
- Fully Fitted Kitchens with Microwave Oven, Burner and an oven.
- Air Conditioners Installed 3 per Apartment.
- Apartment sizes between 105 to 120 sq meters each.
- Ground Floor Parking with 3.6m Headroom.
- 24 hour Fully Automated Metered Power.
- Fibre Optic Internet & Cable/DSTV in All Apartments wired for.
- 24 hours Security.
- CCTV Surveillance in Common Areas.
- Electric Fence.
- Water Treatment.
- Sewage Treatment.
- Title: Governor's Consent Ready.
Rental Analysis
The offer Price today is N80 million for outright payment. With a development levy of N3 Million, Legal Fee of N500,000.00, Agency fee 5% of sale price.
You can buy today with a N30 million deposit and you can spread the balance N50 million over 6 months (benchmarked against the US$).
General Rental Survey
- Currently the rental income in that area for a 2 bedroom flat is N4 Million to N5 Million per annum.
- You can also rent out a furnished flat for N7 Million - N8 Million per Annum. Outside service charge.
Shortlet Analysis
Shortlet is $120.00 - $150.00 per night
or N50,000.00 - N70,000.00,per night
50% to 75% Occupancy
You can furnish an apartment with less than N5 Million.
Cash flow Analysis
At 50% Occupancy
- $120.00 x 180 days = $21,600.00
- $150.00 x 180 days = $27,000.00
Or
- N50,000.00 x 180 days = N9,000,000.00
- N70,000.00 x 180 days = N12,600,000.00
At 75% Occupancy
- $120.00 x 270 days = $32,400.00
- $150.00 x 180 days = $40,500.00
Or
- N50,000.00 x 270 days = N13,500,000.00
- N70,000.00 x 180 days = N18,900,000.00
In summary, there is a potential of gross earnings of between N9,000,000.00 to N18,900,000.00 per number with 50% to 70% occupancy rate.
Call kingsley on +2347033281296 for more information.
[email protected]
Property Details
| Property Ref: 1680660 | Added On: 31 Mar 2023 | Last Updated: 18 Jul 2024 |
| Market Status: Not Available | Type: Flat / Apartment | Bedrooms: 2 |
| Bathrooms: 2 | Toilets: 3 | Parking Spaces: 2 |
| Servicing: Serviced |
Interesting Facts
Because of its proximity to popular destinations and attractions in Lagos, Ikate is a very interesting neighbourhood. It is also a popular destination for celebrities and businesses.
Leisure and Shopping
Ikate has just the right number and variety of markets and malls to make your shopping experience as easy and enjoyable as possible. Lekki Arts and Crafts Market, Pearl Market, The Lennox Mall, Blenco African Market, Itedo Market, and Elegushi Modern Market are among the markets and malls to visit.
Popular Estates
There are numerous good estates in Ikate to choose from, all of which offer its residents a peaceful living environment. Brown State Lekki Estate, Abiola Court 6 Estate, Richmond Gate Estate, SpringVille Estate, Horizon Court Estate, Haven home, Spring Bay Estate, and Vintage Park Estate are just a few examples.
Day Life
Despite being primarily a residential neighbourhood, Ikate has a good number of recreational and entertainment options. Leisure sports park, Kos Lagos, Family affairs plaza, Bambooka, Komfort Wellness Place, Hungrybelly restaurant, Stories Lounge, and Upbeat bites are some of these locations.
Read the full area guide for Ikate, Lekki, Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Novel Shelters Realty. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
17, Waziri Ibrahim Crescent, Victoria Island, Lagos, Victoria Island, Lagos, Nigeria
0701 XXXX Show Phone
07017472230
Registered 7 years ago
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