Description

DIRECT BRIEF FOR SALE AND 100% CLOSABLE :

The property above is for sales as details below:

1. PROPERTY ADDRESS: 17/17A, OLU HOLLOWAY ROAD, IKOYI, KAGOS

2. TITLE: C OF O

3. DESCRIPTION: The property consists of 2nos block of flats (High Rise);

Block A is on Nine (9) floors with pent house

Block B is on Ten (10) floors.

Block A & B 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.

The total number of apartments A & B is 54 Apartments.

4. Land size: 5,299.745 sqm

5. Facilities in the building include the following:

a. Power transformers
b. Uniform security
c. Police Men
d. CCTV Camera
e. Water treatment
d. Swimming Pool
e. Children playing ground
f. Elevators.

6. Notable landmark within the neighborhood include SIAO, One Temple, Heritage Place amongst others.

7. Is a good Investment

8. Investment value calculation as @ year 2018;

1. Rent for 1no 5 bedroom pent house= N18million per annum.

2. Rent for 24 nos 4 bedroom flats @ N15m per annum = N360million

3. Rent for 20 nos 2 bedroom flats @ N10m per annum= N200million

4. Rent for 8 nos 1 bedroom flat @ N7m per annum= N63million.

9. The property is vacant and is first come, first serve basis.

10 . The procedure is currently generating #641m annually.

11. The acceptable price is #12.3b not negotiable

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