2 bedroom flat / apartment for sale
Ikate, Lekki, Lagos
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.
homestead apartment 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]
More details
Added on 31 Mar 2023
₦80,000,000
Novel Shelters Realty
07033281296