For Sale: Prime Residential Investment/development Property, 53 A-d Forces Avenue, Port Harcourt, Rivers | 5 Beds (Ref: 65302)

Prime Residential Investment/development Property

Property is currently not on the market
It may now be rented/sold, under offer or temporarily withdrawn from the market.

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Houses for sale in Port Harcourt, RiversSemi-detached Duplexes for sale in Port Harcourt, Rivers
  • 5 Bedrooms
  • 3,200 sqm Total Area

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Property Description

- Two adjacent properties on a single title providing investment and development opportunities
- Situated in a highly sought after residential area
- Highly accessible location within a planned and secure neighbourhood

Location
53 Forces Avenue is located in the old G.R.A, Port Harcourt, Rivers State. The property benefits from excellent transport links where access can be gained through Moscow Road and William Jumbo Street. The property is adjacent to the prestigious Port Harcourt Golf Club and in close proximity to Government House, Port Harcourt Club Complex and a range of other nearby amenities.

Description
The subject property (53 A-B & C-D) is rectangular in shape and extends approximately 3,200 sqm. The development consists of two contiguous properties, and currently consists of four semi-detached properties in total. 53 A-B Forces Avenue consists of two 5-bedroom semi-detached properties and 53 C-D Forces Avenue consists of two 4-bedroom semi-detached properties. The site is partially paved with open space and some trees. The terrain is consistently level with no notable slopes. Electricity and water is served on the property and the access roads are tarred and in good condition.

Tenure & Title
The title of the property is leasehold interest. The lease commenced 1st January, 1947 for a term of 99 years.

Tenancies
53 Forces Avenue is fully tenanted and income producing. The property is currently generating N5,000,000 per annum. Additional information on tenancies is available upon request.

Development Potential
The site area is within a low density residential zone. The highest and best use recommended is for refurbishment of the existing residential site or redevelopment in accordance with the planning regulations.

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Property Details

Property Ref: 65302Added On: 29 Jun 2015Last Updated: 26 Sep 2019
Market Status: Not AvailableType: Semi-detached DuplexBedrooms: 5
Furnishing: UnfurnishedTotal Area: 3,200 sqm   

Interesting Facts

Port Harcourt's interesting facts highlight its role in the oil and gas industry, historical landmarks like the Old Port Harcourt Airport, cultural festivals, and attractions like Isaac Boro Park that reflect the city's rich heritage.

Leisure and Shopping

Port Harcourt boasts a range of leisure and shopping establishments, including Port Harcourt Mall, Genesis Cinemas, Abali Park, Spar Port Harcourt, and Garden City Amusement Park. These destinations provide diverse options for entertainment, shopping, and relaxation.

Popular Estates

Port Harcourt has a collection of prestigious estates that epitomize the epitome of luxurious living. These coveted residential enclaves, such as Rivtaf Golf Estate, Trans-Amadi Gardens Residential Estate, Chinda Estate, GRA Phase 3, Woji Estate, Shell Residential Area (Rumukwurushi), Old GRA, and Elekahia Housing Estate, offer discerning individuals a harmonious blend of exquisite architectural designs, unwavering security, and unparalleled proximity to essential facilities.

Day Life

Port Harcourt's daytime scene brims with a plethora of dining options such as Genesis Restaurant and Jevinik Restaurant. Additionally, you can discover family-friendly and rejuvenating spots like Port Harcourt Tourist Beach, Pleasure Park, and I Cinema. If you're seeking trendy coffee shops, Cuisine Xpress, and Café Neo are worth a visit. For those looking to immerse themselves in knowledge and exploration, Despond Old Text Library offers a haven for reading and research, ensuring delightful experiences for both residents and visitors alike.

Night Life

Port Harcourt, a bustling city even after dark, offers a thriving nightlife scene. From the Hub Lounge to the Orange Room Lounge, Casablanca Lounge, Playhouse Lounge, Eco Lounge, and De Edge Nightclub, there is something for everyone. Live music, rooftop views, wine tastings, and exciting parties await, promising diverse and unforgettable experiences that keep the city alive long into the night.

Schools

Port Harcourt is home to reputable educational institutions, including Federal Government College, Port Harcourt, University of Port Harcourt, Greenoak International School, British International School, and Dority International Secondary School. These schools prioritize academic excellence and the holistic development of students.

Read the full area guide for Port Harcourt, Rivers.

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Houses for sale in Port Harcourt, RiversSemi-detached Duplexes for sale in Port Harcourt, Rivers
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