The Real Estate market remains one of the safest and surest industries to invest in with a guaranteed return. In Nigeria, real estate is a serious business, with a big goldmine in the rental and shortlet options, and despite the unsteady economy, and rising inflation, many investors continue to smile at the banks.
However, in spite of this, it is very important to pay attention to the property location as this determines how much returns can be guaranteed. There are several locations where you can be rest assured of a good return on investment, one of which is Victoria Island, Lagos. With most major Nigerian and international corporations headquartered here, Victoria Island is one of Nigeria’s busiest centers of banking and commerce. The Island is filled with stylish nightclubs, bars, posh hotels, fine restaurants that serve both European cuisine and Nigerian staples, the Muson center and Terra Kulture arts center. It is not just the main entertainment, business and financial hub of Lagos state, Nigeria, it is one of the most exclusive and expensive areas to reside in.
To take advantage of the numerous opportunities that Victoria island has to offer, Periwinkle Condos Limited is introducing Atlantis Tower, a premium high rise condo, to savvy investors ready to enjoy the city’s benefits and experience what sophisticated living truly means.
Atlantis Tower is a 16 floors architectural beauty that is set to redefine the expectations of condo living in Nigeria to match Canadian and American standards. It consists of 1, 2 and 3 bedrooms condos, maisonettes and a penthouse. It is strategically located on Bishop Aboyade Cole street, a calm and serene area, away from the craziness of Lagos traffic, but easily accessible to major areas like Ikoyi and Lekki. With world class amenities, recreational facilities and 24hrs concierge services, Atlantis Tower gives a clear meaning of the Live, Work and Play Lifestyle.
A Fresh Buy-to-Let Opportunity
What makes the Atlantis Tower more attractive is that very few options in Victoria Island can match its features and amenities. The Condos provide investors with a fresh opportunity to capitalize on the lack of available quality short-term rental accommodation in Victoria Island, Lagos. With the flexibility to rent nightly, weekly, monthly (or longer), the 1 & 2 bedroom condos are perfect for private and corporate tenants who are searching for an alternative to hotel accommodation with soaring room rates.
You can choose to rent out your condo full time, or simply during the periods of the year when you are not using it personally. With the help of on-site concierge management in place to take care of the day-to-day management on your behalf.
With that said, let’s show you a breakdown of your investment and how long it will take to recoup your initial cost:
ATLANTIS TOWER INVESTMENT ANALYSIS
1 (ONE) BED CONDOS ANALYSIS
| LONG-TERM RENTAL | SHORTLET |
| VALUE: N100,000,000
ANNUAL RENT: N5,000,000
Rate: 5,000,000 / 100,000,000 = 5%
RESALE VALUE IN 2 YEARS Properties at this location appreciate by at least 15% – 20% annually.
N100,000,000 * 30% (2years rate) = N30,000,000
VALUE IN 2 YEARS = N130,000,000 |
VALUE: N100,000,000
DAILY RATE: 65,000 DAYS: 30 OCCUPANCY RATE: 50% / 6 MONTHS
65,000 * 30 DAYS = N1,950,000 N1,950,000 * 6 MONTHS (50% OCCUPANCY)
Expected Income= N11,700,000 Annually
Rate: 11,700,000 /100,000,000 = 11.7% YR: 8.5YEARS |
2 (TWO) BED CONDOS ANALYSIS
| LONG-TERM RENTAL | SHORTLET |
| VALUE: N190,000,000
ANNUAL RENT: N8,000,000
Rate: 8,000,000 / 190,000,000 = 4.2%
RESALE VALUE IN 2 YEARS Properties at this location appreciate by at least 15% – 20% annually.
190,000,000 * 30% (2years rate) = N57,000,000
VALUE IN 2 YEARS = N247,000,000 |
VALUE: N190,000,000
DAILY RATE: 120,000 DAYS: 30 OCCUPANCY RATE: 50% / 6 MONTHS
100,000 * 30 DAYS = N3,600,000 N3,600,000 * 6 MONTHS (50% OCCUPANCY)
Expected Income= N21,600,000 Annually
Rate: 18,000,000 /190,000,000 = 11.4% YR: 11YEARS |
3 (THREE) BED CONDOS ANALYSIS
| LONG-TERM RENTAL | SHORTLET |
| VALUE: N290,000,000
ANNUAL RENT: N12,000,000
Rate: 12,000,000 / 290,000,000 = 4.1%
RESALE VALUE IN 2 YEARS Properties at this location appreciate by at least 15% – 20% annually.
290,000,000 * 30% (2years rate) = N87,000,000
VALUE IN 2 YEARS = N377,000,000 |
VALUE: N290,000,000
DAILY RATE: 200,000 DAYS: 30 OCCUPANCY RATE: 50% / 6 MONTHS
200,000 * 30 DAYS = N6,000,000 N6,000,000 * 6 MONTHS (50% OCCUPANCY)
Expected Income= N36,000,000 Annually
Rate: 36,000,000 /290,000,000 = 12.4% YR: 10YEARS |
Now, we have taken it a step further by providing a flexible payment plan with no added interest that can be customized to each individual need. The only risk here is missing out on this amazing deal. A lot of investors are already taking advantage and securing their investments, so do not be left out.
For more information/details, Call/Whatsapp:
Tunde: 09081999908
Toochi: 09133379281
Shelia : 08034456595