2
655sqm
of apartments, comprising of 2 units of 2 bedroom at and 1 unit of studio apartments per floor. The property would sit on a 655sqm of land as annotated in the survey plan. The funding is required for the growth of the business in order to benefit both parties.
busy Ikorodu Road, that has swift access to various business districts in Lagos.
adequately finished to attract a competitive rent and eventual end users / class of tenants.
only). This sum has been divided into 4 tranches of N12,500,000.00 per slot to enable investors partake and have a holding in the property. Each investment tranche gives the investor 2 units of 2 bedroom in the property for 17 years.
N1,000,000.00 - N1,200,000.00 , an investor is posited to receive the minimum of N2,000,000.00 per annum for 17 years given the investment trench of 12,500,000.00. Investment = N12,500,000.00 ; Duration = 17 years ; Yearly income =N2,000,000
TOTAL INCOME: Income over the investment period is N2m x 17= N34m The calculated ROI is however not xed given the steady increase of rent in this prime area of Lagos. The rate of increase has been investigated to be 25% every 5 years. Going by the aforementioned deductions, the return on investment would be;
First 5 years = N2,000,000.00; 5x2.0 = N10,000,000.00 Second 5 years, applying 25% increment = N2,500,000.00; 5x2.5 = N12,500,000.00 Third 5 years, applying 25% increment = N3,125,000.00; 5x3.1 = N15,625,000.00 Remaining 2 years, applying 25% increment = N3,906,250.00; 2x3.9 =N7,812,500.00 TOTAL INCOME BASED ON 25% INCREMENT: = N45,937,500.00 ROI @ Normal rent for 17years: N34m @ 272% profit plus capital. ROI @ 25% increment 5 yearly: N45.9m@ 367% profit plus capital.