3 Bedroom Apartment It Is Well Built
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Property Description
Property is a 3 Bedroom Apartment within Magodo GRA 2. It is well built, structurally sound and fully functional. The rooms are spacious and the finishing is expected to be world class.
Features/Amenities includes 24hrs power, 24hrs security, gated compound, contemporary finishing, parking area, modern POP design, automated lights etc.
Title is Governor's Consent
Price is #160M
Why you should buy?
1. Rental value of a newly built 3 bedroom flat within Magodo is about #5M per annum
2. Daily receipts from short let for a 3 bedroom flat is about #100k per day
3. Expected capital appreciation is 25% after the first 2 years. That is you can reasonably sell @ #200M in 2026
4. The demand for a 3 Bedroom flat in Magodo GRAp 2 is very high so you are expected to let property within the first 1 month of purchase
5. Payment plan is allowed. You can make a deposit now while the balance is paid within 6 months
This is a great opportunity for investment.
May Max Aki
In case you own a property and you want to sell, lease or rent it out very fast, you can talk to us.
Property Details
| Property Ref: 2561409 | Added On: 09 Nov 2024 | Last Updated: 23 Jan 2025 |
| Market Status: Available | Type: House | Bedrooms: 3 |
Interesting Facts
Magodo was originally designed as a Government Residential Area (GRA) for government employees. It is now considered an upscale neighbourhood, with residents from both the middle and upper classes. Living in Magodo gives access to all of the 'good stuff' in Ikeja, such as business and employment opportunities.
Leisure and Shopping
A residential area won't be complete without befitting places to shop for groceries and other household needs.
Popular Estates
Magodo is always highly recommended when looking for residential areas in Lagos. Many Lagosians visit this 'Holy Ground' on a regular basis to stay in the estates available. Unilag Estate is owned by the University of Lagos co-operative, and many of its staff own homes there.
Day Life
Ziggies Lifestyle Arena is a Resort Hotel in Magodo. The restaurant serves a variety of local and continental cuisines. Luglow Essence is a nail salon, wellness centre, and spa. Massages, facials, pedicures, and manicures are all available.
Night Life
Magodo is a great place to unwind after a long day at work. The top floor of Paradox Bar and Grill offers a bird's eye view of the expressway. District 10 is a hip, low-key club with a live band and an excellent DJ.
Schools
Lagos Cambridge School is a sixth-form college that prepares students for effective and high-quality international education. Lolad School provides children with entrepreneurial skills such as fish farming, soap making, hairdressing, and sports. Newfield School employs a broad and balanced curriculum based on the Nigerian and British National Curriculums.
Read the full area guide for Magodo, Lagos.
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Disclaimer
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