A Standard, Luxury, Prime Mini Estate
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Property Description
Investment Brief -- Mini Estate in Katampe Extension
Property Overview:
This is a rare opportunity to acquire a fully built mini estate strategically located in the highly sought-after Katampe Extension, Abuja. The estate is thoughtfully designed to cater to the growing demand for premium residential units and offers excellent long-term rental value.
Property Features:
- 106 Units in Total
- 43 Units of One-Bedroom Apartments
- 63 Units of Studio Apartments
- 2 Units of Office Spaces
- Total Land Size: 5,487 sqm
- Title: Certificate of Occupancy (C of O)
- Price: ₦3 Billion
- Agency Fee: 5%
Highlights & Investment Value:
Prime location in Katampe Extension -- serene environment with tarred road access.
High rental demand for both one-bedroom and studio apartments, ensuring excellent return on investment (ROI).
Spacious layout with adequate parking spaces.
Equipped with state-of-the-art facilities to enhance tenant comfort and lifestyle.
Strategic asset for investors seeking steady rental income and long-term capital appreciation.
Why Invest?
With a total of 106 residential units and additional office spaces, this estate offers a versatile investment opportunity in one of Abuja's fastest-developing districts. It is ideal for investors looking to maximize consistent rental income streams while holding a property that appreciates steadily in value.
ROUGH SPECULATIVE ANALYSIS:
(Note: rental value may be higher than speculated)
Let's break it down based on Katampe Extension rental market trends (as of 2025). Katampe Extension is a prime and serene district, close to Maitama, Jahi, and Wuse 2, so rental values are strong --- especially for compact units like studios and 1-bedrooms, which young professionals and small families prefer.
Estimated Rental Values in Katampe Extension (per annum):
- Studio Apartments: ₦1.2M -- ₦1.8M
- 1-Bedroom Apartments: ₦2M -- ₦3M
Rental Projections for This Estate (106 units):
- 63 Studio Apartments @ ₦1.5M avg = ₦94.5M/year
- 43 One-Bedroom Apartments @ ₦2.5M avg = ₦107.5M/year
- Total Projected Rental Income = ≈ ₦202M/year
(This excludes the 2 office spaces, which could fetch ₦3M -- ₦5M each depending on size and finish.)
ROI Snapshot:
- Purchase Price = ₦3B
- Potential Annual Rental Yield ≈ 6.5% -- 7%, which is considered very strong in Abuja real estate.
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Property Details
| Property Ref: 3065191 | Added On: 30 Aug 2025 | Last Updated: 31 Aug 2025 |
| Market Status: Available | Type: Block of Flats |
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