Flat / apartment for sale
Flat / apartment for sale
Off-Plan Shortlet Investment- Surulere-Flexible Payment Plan
About this property
OFF-Plan Shortlet Investment- surulere-flexible payment plan 60,000,000 for a Studio Apartment. One-bedroom: 85M. Two-bedroom: 150M Payment plan & instalment structure : Studio: 24M intial, then instalments depending on the selected payment period. Outright, 3-month, 6-month and 9-month structures, with totals of ₦60M. 1-bed: ₦34M initial; 2-bed: ₦60M initial, with corresponding instalments over the listed structures. Apartment types Studio, One-Bedroom and Two-Bedroom apartments. Key amenities Swimming pool, gym, laundry, fully furnished apartments, home automation, exquisite finishing, sound system, 24/7 electricity & security, CCTV cameras, patio area, top-quality tiles and pop finish. Verified nearby landmarks National Stadium --- 5 mins; National Arts Theatre --- 15 mins; Teslim Balogun Stadium --- 6 mins; Lagos State Teaching Hospital --- 4 mins; Adeniran Ogunsanya Shopping Mall --- 7 mins. Location / access 68 Nnobi Street, Surulere, Lagos State. The brochure gives the nearby landmarks above but does not provide specific road/route descriptions such as distance to major expressways. Expected completion date May 2027. The stated project timeline is 16 months. Short-let operating model Vantelo states that the apartments will be professionally managed for short-let, including marketing, securing occupants, maintenance, repairs, security and electricity. Owners can also manage their own units, provided they comply with applicable service charges and operational guidelines. Projected short-let revenue assumptions The brochure gives daily rates of ₦60,000 Studio, ₦80,000 One-Bed, ₦110,000 Two-Bed, based on 15 occupied days/month. Monthly revenue is stated as ₦900k, ₦1.2M and ₦1.65M respectively; yearly gross revenue as ₦10.8M, ₦14.4M and ₦19.8M. It also shows 40% yearly running cost. Brochure's stated yearly amount receivable Studio: ₦6.48M; One-bedroom: ₦8.64M; Two-bedroom: ₦11.88M. The brochure says upward price projections may be reviewed and adjusted. Developer / project information The brochure identifies the project as vantelo / Vantelo Residence and describes it as a premium short-let apartment development designed around Lagos' demand for flexible, high-quality short-stay accommodation. The brochure's payment account is listed under Elycap Luxury Home Ltd. Title / documentation The brochure states that the buyer receives Deed of Assignment, Contract of Sales & Survey. Additional charges Infrastructure fee: 10% of unit price, stated to cover solar energy installation, interior fittings, generator and transformer. Documentation fee: ₦900,000, one-time. Off - Plan Shortlet Investment - surulere - flexible payment plan 60,000,000 for a Studio Apartment, One-bedroom: 85M. Two-bedroom : 150M Payment plan & instalment structure - Studio: 24M initial, then instalments depending on the selected payment period. The brochure shows outright, 3-month, 6-month and 9-month structures, with totals of ₦60M. 1-bed: ₦34M initial; 2-bed: ₦60M initial, with corresponding instalments over the listed structures. Apartment types Studio, One-Bedroom and Two-Bedroom apartments. Key amenities Swimming pool, gym, laundry, fully furnished apartments, home automation, exquisite finishing, sound system, 24/7 electricity & security, CCTV cameras, patio area, top-quality tiles and pop finish. Verified nearby landmarks National Stadium --- 5 mins; National Arts Theatre --- 15 mins; Teslim Balogun Stadium --- 6 mins; Lagos State Teaching Hospital --- 4 mins; Adeniran Ogunsanya Shopping Mall --- 7 mins. Location / access 68 Nnobi Street, Surulere, Lagos State. The brochure gives the nearby landmarks above but does not provide specific road/route descriptions such as distance to major expressways. Expected completion date May 2027. The stated project timeline is 16 months. Off - Plan Shortlet Investment - surulere - flexible payment plan 60,000,000 for a Studio Apartment, One-bedroom: 85M. Two-bedroom : 150M Payment plan & instalment structure - Studio: 24M initial, then instalments depending on the selected payment period. The brochure shows outright, 3-month, 6-month and 9-month structures, with totals of ₦60M. 1-bed: ₦34M initial; 2-bed: ₦60M initial, with corresponding instalments over the listed structures. Apartment types Studio, One-Bedroom and Two-Bedroom apartments. Key amenities Swimming pool, gym, laundry, fully furnished apartments, home automation, exquisite finishing, sound system, 24/7 electricity & security, CCTV cameras, patio area, top-quality tiles and pop finish. Verified nearby landmarks National Stadium --- 5 mins; National Arts Theatre --- 15 mins; Teslim Balogun Stadium --- 6 mins; Lagos State Teaching Hospital --- 4 mins; Adeniran Ogunsanya Shopping Mall --- 7 mins. Location / access 68 Nnobi Street, Surulere, Lagos State. The brochure gives the nearby landmarks above but does not provide specific road/route descriptions such as distance to major expressways. Short-let operating model Vantelo states that the apartments will be professionally managed for short-let, including marketing, securing occupants, maintenance, repairs, security and electricity. Owners can also manage their own units, provided they comply with applicable service charges and operational guidelines. Projected short-let revenue assumptions The brochure gives daily rates of ₦60,000 Studio, ₦80,000 One-Bed, ₦110,000 Two-Bed, based on 15 occupied days/month. Monthly revenue is stated as ₦900k, ₦1.2M and ₦1.65M respectively; yearly gross revenue as ₦10.8M, ₦14.4M and ₦19.8M. It also shows 40% yearly running cost. Brochure's stated yearly amount receivable Studio: ₦6.48M; One-bedroom: ₦8.64M; Two-bedroom: ₦11.88M. The brochure says upward price projections may be reviewed and adjusted. (Developer / project information) The brochure identifies the project as vantelo / Vantelo Residence and describes it as a premium short-let apartment development designed around Lagos' demand for flexible, high-quality short-stay accommodation. Title / documentation : Deed of Assignment, Contract of Sales & Survey. Additional charges Infrastructure fee: 10% of unit price, stated to cover solar energy installation, interior fittings, generator and transformer. Documentation fee: ₦900,000, one-time.
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Property details
Area guide — Surulere
Interesting Facts
Surulere is undoubtedly one of the most exciting places to stay in Lagos. Its collection of fascinating facts is nearly limitless. It is a go-to place to experience authentic Lagos life, owing to its location, people, an...
Leisure and Shopping
Surulere is a densely packed commercial area with so many places to shop that you would quickly run out of options. Leisure Mall, one of Lagos' busiest shopping centres, is located in the heart of Surulere. Adeniran Ogun...
Popular Estates
Mutual Alpha Court is a low-cost estate in Surulere's Iponri neighbourhood. The estate is easily accessible from the island and Ikeja, making it a popular choice for people who work on both the island and the mainland.Al...
Day Life
Surulere is one of the busiest areas in Lagos and offers a plethora of places to visit during the day. Sport enthusiasts can participate in mini-competitions or watch a good game at either Teslim Balogun Stadium or Lagos...
Night Life
Even at night, Surulere continues to erupt. As one of the Nightlife kings, there are lounges, bars, and nightclubs strewn about. Simply choose one.It has daily lineups such as Loud Wednesday, Cruise Thursday, and Spotlig...
Schools
The importance of good schools in our children's lives cannot be overstated. Surulere contributes by providing a variety of options for parents in the area. Great Esteem Secondary School provides a well-rounded education...
Read the full area guide for Surulere, Lagos
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