BROOKE-SIDE PLACE1, Ikate, Lekki
We would like to present to you our on going project at Ikate Elegushi Lekki named BROOKE-side place (BSP), also known as Jordan apartments. It is an ultra-modern housing estate at Ikate-Elegushi Lekki, and a ten minute drive to Victoria Island. This upcoming development is in a new layout at Ikate-Elegushi, along the Lekki-Epe Expressway. It is accessible from three major roads; the major one being the Conoil Filling Station/Kusenla road directly into this modern and organized layout.
The property on offer is a 15 units development consisting of 5 units of 2 bedrooms and 10 units of 4 bedrooms apartments with all rooms in the unit en-suite. The development also has a swimming pool, gym, a well spaced unit and a 30 car capacity parking area. The building comes 150 KVA generator, dedicated transformer, sewage plant, refuse disposal bay and common facilities. This offering also comes with a Six passenger lift.
The property has been funded entirely by equity contributions of the promoters, 100% debt-free and is in no way encumbered by debt. The title on the land is in the form of a Lagos State Governor’s consent and we will be executing Deeds of Assignment to purchaser’s (investors). In our view, this represents one of the best value-for-money investment opportunities on the Lekki corridor. A past development of same structure currently attracts a minimum rent of N4,000,000 per annum. The cost of the various unit types are indicated as follows:
PRICING
| PAYMENT OPTIONS | DISCOUNT | 2 BEDROOM APARTMENT – SOLD OUT | 4 BEDROOM APARTMENT 2 UNITs LEFT |
| (=N=) | (=N=) | ||
| SALE PRICE | 65,500,000 | 85,500,000 | |
| PROJECTED RENT | 4,000,000 | 5,000,000 | |
| RENTAL YIELD | 7.7% | 8.1%% | |
| ADD BACK DISCOUNT | 11.11% | 11.11% | |
| CAP. APPRECIATION | 5.00% | 5.00% | |
| TOTAL YIELD -1ST YEAR | 22.81% | 24.21% |
PAYMENT PLAN
- Structured Payment plan.
- Rent-to-own/buy (60% deposit)
- Mortgage
DIRECTION
- MAIN ROUTE: From Victoria Island; head north toward Adeola street, Bourdillon road, Lekki – Ikoyi Link Bridge, Admiralty Way and Lekki – Epe Expressway to Kusenla road in Lekki. Continue on Kusenla Road. Take Eru-Ifa street to Seed Education Centre road. BSP1 is right opposite Credo Supermarket.
- ALTERNATIVE ROUTE: From VI, take Akin Adesola street to Lekki – Epe Expressway/Ozumba Mbadiwe Road. Follow Lekki – Epe Expressway to Kusenla road in Lekki. Continue on Kusenla Road. Take Eru-Ifa street to Seed Education centre Road. Find BSP1 opposite Credo Supermarket.
- You can click on this google maps link (or just search for “BSP1” on google maps).
