3 Bedroom Apartment (20% Discount, Off Plan)

BROOKES COURT (Dada Fayemi Close, Osapa)

We are happy to present to you our Off Plan payment model, for our exquisite modern housing estate at Osapa London Lekki.

This development is in a new and secure layout at Osapa London, Lekki. It is accessible from three major roads including the one linking the Mobil/Femi Okunnu road directly to this modern and organised layout.

The property on offer is a 25 unit development consisting of 2 & 3 bedroom serviced flats. All rooms in all the units are en-suite and come with a fully serviced kitchen. The development also has Elevators, Gym, separate spaces for each building and an underground 48-car capacity parking area. There’s also a fair-sized playground within the estate.

All the kitchens come fitted with Cookers, Ovens, Washing Machines and Microwave ovens. The project is being funded entirely by equity contributions and is therefore not encumbered in any way. The title of the land is in the form of a Lagos State Governor's consent and we will be executing "Deeds of Assignment" and Survey plans to purchasers.

In our view, this represents one of the best value-for-money investment opportunities on the Lekki corridor. Development of same structure currently attracts rent of between N1,800,000 and N2,500,000 per annum. The prices for the various unit are listed in the table above:

OFF PLAN:

2 Bedroom Flat: N34.65Million

3 Bedroom Flat: N39.15Million

4 Bedroom Flat: N41.65Million

 

TYPE2 BEDROOM 3 BEDROOM 4 BEDROOM FLOOR SPACE90 SQM160 SQM195 SQM

PAYMENT OPTIONS 

DISCOUNT

2 BEDROOM 

3 BEDROOM 

4 BEDROOM 

(=N=)

(=N=)

(=N=)

SALE PRICE (FULL PRICE)

 

38,500,000

43,500,000

48,500,000

OFF PLAN DISCOUNT 

10%

3,850,000

4,350,000

4,850,000

 

BALANCE PAYABLE (OFF PLAN)

 

34,650,000

39,150,000

43,650,000

NET INVESTOR DISCOUNT 

15%

5,775,000

6,525,000

7,275,000

(ON FULL UPFRONT PAYMENT)

TOTAL AMOUNT PAYABLE (INVESTOR)

 

32,725,000

36,975,000

41,225,000

 

 

 

 

 

Comparative Rent/p.a.

 

2,500,000

3,000,000

3,500,000

 

 

 

 

 

RENTAL YIELDS - PER ANNUM

 

 

 

 

SALE PRICE (FULL PRICE)

 

5.1%

4.9%

5.4%

BALANCE PAYABLE (OFF PLAN)

 

6.4%

6.2%

6.8%

TOTAL AMOUNT PAYABLE (INVESTOR)

 

6.9%

6.6%

7.2%

This is a great investment choice for those who wish to have it as part of their existing portfolio or who wish to start one.

PAYMENT PLANS

Outright payment discounts, Rental and Rent-To-Buy can also be discussed.

Please find below and attached the Project Flier for directions to the development and more information.

Directions:

Main route- From Victoria Island - At Jakande roundabout, make a U-turn to the other side of the road and turn right. Drive straight down, after AA Rescue, turn right onto Ibrahim Eletu Rd, then turn 2nd left onto Kazeem Eletu, drive to the end of the road and turn right onto Waheed Eletu/5th Avenue Rd ... ask for Jordan Brooke Estate or just drive down into Chief Bamidele Eletu Avenue, turn left and then right onto Dada Fayemi Close. Jordan Terraces is on the right on Dada Fayemi Close.

Alternative route. From VI, Get to roundabout after Jakande roundabout i.e. Igbo Efon roundabout, then make a U-turn, Turn right at Lifemate Furniture onto Bamidele Eletu Avenue. Drive straight down and make a left where the road divides. Drive down to the end of the road and turn right then left and right onto Dada Fayemi and drive 30m. Jordan Terraces is on the right.