OFF-Plan Investment: Felele student hostel, ibadan
SlvSurvT
16 Units C of O + Approved Drawings 2 Mins to Lagos-Ibadan Expressway
*project overview:
Modern residential development of 6 units of 1-Bedroom Apartments + 10 units of 1-Room Self-Contained designed for hostel accommodation. Prime location for student rental yield.
*location:
*Akoredele Layout, Close to Scrolab Hotel, Felele, Ibadan, Oyo State
1. 2 mins drive to Lagos-Ibadan Expressway, Felele Junction
2. 5 mins drive* to Lead City University - High tenant demand
3. Neighborhood secured by Amotekun Operatives, Oyo State
Title & documents:
Certificate of Occupancy Registered Deed of Assignment Approved Building Drawings
Bankable title. Lawyer-verify documents.
*Construction Update:
Current Stage: Approaching First Decking/Concrete Slab
*Completion Date: 28th February 2026
_Buy at slab stage = Lock pre-completion pricing + higher equity gain
*unit types & pricing:
1. One-Room Self-Contained: ₦25,000,000/unit - 10 units available
Projected annual rental income
1-Room Self-Contained: ₦700,000 - ₦800,000/unit/year
_Strong roi potential with Lead City University proximity_
*facilities & attractions
1. *Parking: Space for ∼10 cars
2. *Water: Functional borehole + overhead tank + standby generator for pumping
3. *Power: Shared 1-phase prepaid meter for 2 apartments / 3-phase for 4 apartments
4. *Security: Double-leaf vehicular metal gates + Amotekun patrol
5. *Finishes: HDF plywood-made wardrobe in every room and HDF plywood-made floor and wall unit cabinets in every kitchen
6. *Design: Courtyard for illumination + ventilation
*flexible payment plan
*60% Upfront - Secure unit + sign contract
*40% Balance - On completion, 28th Feb 2026
*WHY invest off-plan now?
1. *High Demand: Student housing deficit around Lead City University
2. *Price Arbitrage: Buy at slab stage, sell/rent at completion premium
3. *Passive Income: ₦7M - ₦8M + ₦6M - ₦7.2M = ₦13M - ₦15.2M annual gross rent on full occupancy
4. *Limited Units: Only 16 units total. Early investors get choice units
Limited to 16 units. Early commitment advised. Site inspection available daily
