<ol>
<li>DESCRIPTION : The company is seeking funding from investors, for the development of a 3 storey unit 
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.
</li>
<li>LOCATION : The property is located at No. 8 Akinola Street, Fadeyi, Lagos. The street is off the ever 
busy Ikorodu Road, that has swift access to various business districts in Lagos.
</li>
<li>PROPERTY : The said property would be tastefully nished with modern day textures and fitting and 
adequately finished to attract a competitive rent and eventual end users / class of tenants.
</li>
<li>FUNDING : The cost of completing this project is estimated at N50,000,000.00 (Fifty million naira 
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.
</li>
<li>RETURN ON INVESTMENT : With the going rent of 2 bedroom flats in the locale tagged at 
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
</li>
</ol>
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.

Commercial Property

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Three Storey Units of Apartments

Property Detail

Property Description