For Sale: Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (VI), Lagos | 1 Beds, 1 Baths (Ref: 1607020)

Luxury 23 Units Studio Apartments

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  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
  • Luxury 23 Units Studio Apartments, Sinai Daranijo, Victoria Island (vi), Lagos, Flat / Apartment for Sale
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Property Description

Cw03467
The autograph extended stay

Operating as a hospitality enterprise, the autograph extended stay allows willing investors to own apartment units managed by a reputable hospitality brand and earn appreciable income upon operation. The autograph studio apartment includes generous studio space with an en-suite bathroom, living area, stylish ceiling designs, a modern-day fitted kitchenette, a fully furnished bedroom, and electronic appliances. The apartment boasts of accessible wifi and other fittings including the latest statement air conditioning system, wardrobe, and smart features. Investment benefits
1. Resale option is available as an exit for investors looking to sell either all or part of their units after the operation commences. 2. Group ownership is allowed, subject to a maximum number of 3. Where cruxstone brings parties together, cruxstone will be obliged to ensure that the returns are shared optimally and by the ratio of their investment. Their title document will also specify these names and ratios. 3. Investors will hold a gold card which allows them, as preferred customers, to get discounts for all they purchase at the property. 4. Unit owners at the autograph would enjoy a free week stay, without having to pay and can be at any time desired, in the year. However, every other stay must be fully paid for, but at the agreed discounted value for investors. 5. Where an apartment is co-owned, the free one-week stay will be shared over several days between them, depending on the ratio of their investments. 6. There would be a day for an annual general meeting, which will be anchored by an appointed external auditor. 7. Mortgage facilities and early equity release options are available to unit owners who may be interested, at different points (terms and conditions apply). The roi/receivables can be the first source of repayment if so desired. Projected roi
Assured; based on projections by the hospitality management brand of the autograph are a minimum occupancy of 60% per annum (220 days) and a double-digit percentile roi per annum. Nb: the above are projections based on the authority of the hospitality management brand and are based on current market realities. Therefore, they are subject to market dynamics. However, guaranteed is a minimum 10% roi per annum on any apartment unit purchased by an investor. Why you should invest in the autograph
- since the turn of the 21st century, traditional structures like yellow cabs are beginning to fizzle out as uber and other cab-hailing systems now. - such changes have also become the narrative in the hospitality sector with the advent of air bnb, shortlet apartments, and extended stays. These fast-rising apartments now dominate the market, as people do crave a "home away from home" experience, with offerings suitable for a quick-paced contemporary lifestyle. - the autograph extended stay will allow willing investors to own apartments managed and operated by a renowned world-class hospitality brand that would deliver high yields on the asset with projected double-digit percentile earnings. Become part of a community of investors poised to earn a long-term appreciable stream of income. Why wait? Invest now in the autograph! Features
Spa & sauna
Swimming pool
State-of-the-art gym
Tennis court
Smart home enabled
Valet parking
Maid service app
Cctv cameras
24hrs security
Health station
24hrs power supply
Mini mart
Outdoor lounge
Restaurant
Meeting room

Size: 38 sqm,
No. Of units: 23,
Outright (n): 64,000,000. 6 months plan (n): 65,500,000. 12 months plan (n): 67,000,000. 18 months plan (n): 68,500,000. 24 months plan (n) / projected value upon completion: 70,000,000. Occupancy projectionaverage daily rate (n): 60,000. Projected gross avenue @ 60% occupancy (n): 13,200,000. Projected revenue less running cost (30%) (n): 9,240,000. Profit percentage based on minimum projection (%): 10 -- 13%


Property Details

Property Ref: 1607020Added On: 26 Jan 2023Last Updated: 30 Oct 2023
Market Status: Not AvailableType: Flat / ApartmentBedrooms: 1
Bathrooms: 1Toilets: 2Total Area: 38 sqm

Interesting Facts

You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.

Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.

Leisure and Shopping

Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.

Popular Estates

1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.

1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.

There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.

Day Life

Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.

Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.

Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.  

Night Life

In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.

If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.

Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.

At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.

Schools

If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).

Read the full area guide for Victoria Island (VI), Lagos.

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