Block Of Apartments For Sale In Salvation Estate Ado Owode Ajah Lagos

A block of apartments for sale in Salvation Estate Ado Owode Ajah Lagos. The property sits on a land area of approximately 850 square metres. The parking space can take up to fifteen cars. The property has three floors. The ground floor made up of one unit of two bedroom flat, one unit of mini flat and four units of room self contained apartments. The first floor is made up of two units of three bedroom flat. The second floor has 8 units of room self contained apartments. The total annual rent from the property is six million five hundred thousand Naira. The net price is Sixty Five Million Naira.
Buying the property is a good investment for the following reasons
1. The return on investment is unmatched and very attractive. It is currently 10 percent per annum which is exceptional for a real estate investment in Nigeria
2. The pay back period of 10 years is very short and unprecedented for a property investment.
3. The house is currently occupied and a buyer will be receiving rental income immediately
4. The property can be used for multiple purposes such as residential or commercial. An excellent property for a school, hospital or hotel. All the rooms are ensuite with separate kitchens .
5. The house is on a paved road in an estate that is gated.
6. The house was constructed in 2015.
Please contact us for an inspection as there can be no better deal in terms of return on investment and pay back period