TWO HIGH RISE BUILDINGS
Location: OLD IKOYI LAGOS STATE
DESCRIPTIONS
TWO HIGH RISE BUILDINGS AS FOLLOWS :
PROPERTY ADDRESS: 17/17A, OLU HOLLOWAY ROAD, IKOYI, KAGOS
TITLE = CERTIFICATE OF OCCUPANY
BLOCK 1 = IS ON NINE (9) FLOORS WITH PENT HOUSE
BLOCK 2 = IS ON TEN (10) FLOORS.
BLOCK 1 & 2 COMPRISES OF 9 NO’S 1 BEDROOM FLAT, 20 NOS 2 BEDROOM FLATS, 24 nos 4 BEDROOM FLATS AND 1 no 5 BEDROOM PENT HOUSE. = 54 APARTMENTS
THE TOTAL NUMBER OF APARTMENTS BLOCK 1 & 2 HAS IS 54 APARTMENTS.
LAND SIZE = 5,299.745 SQUARE METERS
FACILITIES IN THE BUILDING INCLUDE THE FOLLOWING:
POWER
TRANSFORMERS
UNIFORM SECURITY
POLICE MEN
CCTV CAMERA
WATER TREATMENT
SWIMMING POOL
CHILDREN PLAYING GROUND
ELEVATORS.
CAR PARK = OVER 200 CARS
NOTABLE LANDMARK
NOTABLE LANDMARK
WITHIN THE NEIGHBORHOOD INCLUDE SIAO, ONE TEMPLE, HERITAGE PLACE AMONGST OTHERS.
PRICE: N8 BILLION.
INVESTMENT VALUE =
CALCULATION aYs @ YEAR 2018;
1. RENT FOR 1no 5 BEDROOM PENT house= N18million per annum.
2. RENT FOR 24 NOS 4 BEDROOM FLATS @ N15m per ANNUM = N360 million
3. RENT FOR 20 NOS 2 BEDROOM FLATS @ N10m PER annum= N200 million
4. RENT FOR 8 NOS 1 BEDROOM FLAT @ N7m per annum= N63 million.
THE PROPERTY IS VACANT
LINK = DIRECT INSTRUCTION
1. LETTER OF EXPRESSION OF INTEREST REQUIRED
2. 24 HOURS NOTICE AFTER LOI REQUIRED
