Flat / apartment for sale
Off-Plan Shortlet Investment
OFF-Plan Shortlet Investment- surulere-flexible payment plan 60,000,000 for a Studio Apartment, 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. initial, with corresponding instalments over the listed structures. Apartment types Studio Bedroom apartment 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, 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; . 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.
