US, Japan, Australia call for stop to land reclamation’s in South China Sea

The United States, Japan and Australia on Monday urged all claimant countries in the South China Sea to cease land reclamation’s, constructions and other “coercive unilateral actions’’ that changed the disputed area’s landscape.

US Secretary of State, Rex Tillerson, Japanese Foreign Minister Taro Kono and Australian Foreign Minister, Julie Bishop, also stressed the need to protect freedom of navigation and overflight in the South China Sea.

“The ministers voiced their strong opposition to coercive unilateral actions that could alter the status quo and increase tensions,’’ they said in a joint statement on the sidelines of the Association of South-East Asian Nations (ASEAN) ministerial meetings in Manila.

They urged South China Sea claimants “to refrain from land reclamation, construction of outposts, militarisation of disputed features and undertaking unilateral actions that caused permanent physical change to the marine environment in areas pending delimitation,’’ the statement said.

The three countries also called on China to abide by a 2016 international tribunal ruling that invalidated Beijing’s nine-dash line, which demarcates its claims to almost the entire South China Sea, saying the decision was “final and legally binding.’’

Manila filed the case in January 2013 after China took control of Scarborough Shoal, 124 nautical miles from the Philippines’ north-western coast.

The tribunal ruled that the Spratlys the main territory under dispute in the sea were not islands, rather reefs, and “cannot generate maritime zones,’’ or extend China’s territorial claims as maintained by Beijing.

New $68m Shopping Mall for Abuja

An artist's impression of Novare Gateway Mall in Nigeria's capital city of Abuja, scheduled to open during the third quarter of 2017.An artist’s impression of Novare Gateway Mall in Nigeria’s capital city of Abuja, scheduled to open during the third quarter of 2017.

Abuja — Construction has began in Nigeria’s capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017.

SEE NEW DEVELOPMENT: Business Gateway — Mon Trésor Industrial Freeport Zone in Mauritius

Developed by Novare Real Estate Africa, the total size of the mall will be approximately 25 000m2. The development will be phased with an initial stage of 15 278m2.

The total cost for the first phase is forecast to be $68 million.

Speaking at the ground-breaking ceremony held recently, the Nigerian Minister of Federal Capital Territory (FCT) Alhaji Mohammed Bello said his administration would give all the support needed to make projects like Novare Gateway successful as they serve citizens, create employment and generate multiplier economic activities.

He also commended Novare Gateway for partnering with the Abuja Chamber of Commerce in executing the project by leveraging on local expertise, local information and local content.

Commenting on the project, Jan van Zyl, head of property development in Nigeria for Novare Real Estate Africa, “its modern infrastructure and facilities, mean that the shopping centre is perfectly situated to meet the needs of the growing Abuja community.

According to the latest PWC African Retail report, Abuja is set to experience a growth rate of 171% in terms of its population size up to 2030 – one of the highest figures on the continent.

With Shoprite as the anchor, the centre is located on the main 10-lane highway between Abuja’s Nnamdi Azikiwe International Airport, named after Nigeria’s first president, and the central business district.

Other malls in Abuja forming part of the Novare Real Estate Africa portfolio include the 8 267m2 Novare Apo mall, which is located approximately 18 km away from Novare Gateway to the south-east of Abuja. In the north, the 12 508m2 Novare Central, a mixed use centre consisting of retail space and A-grade offices, is also in progress. In Lagos, the 22 000m2 Novare Lekki mall, which is expected to commence trading in the middle of 2016.

Nigeria’s property market slumps amid fiscal strains, low yields

Meanwhile Nigeria’s property market appears to have defiled all known predictions. Prior to 2016, experts in the industry had predicted that the year would afford investors the opportunity to acquire property at low prices.

It was further predicted that with the emergence of a new administration, the industry would witness large volume of activities, even as experts predicted high returns on investments in this fiscal year.

But contrary to the predictions, the industry appears to be witnessing low returns on investments as the sector is in serious lull. Already, the nation’s real estate market is dwindling, almost ten months, after the inauguration of this administration.

Experts said that the sector might witness proliferation of markets as several properties would be up for grab, thus making prices of properties to crash, as much cash would be available for few properties. Ironically, investors said there is no money to buy property, complaining of low cash flow.

According to a property investor, Mr Funso Olufemi, “Apart from those, who may acquire properties for the near future, this year may not be better year, as there is serious cash squeeze in the market’’. According to him, those investing in the market should wait for some time to see how foreign exchange market would impact on the sector, saying, as it stands now, there is no immediate hope for the investors.

However, he said, the gains might come in the nearest future, when the issue of foreign exchange would be sorted out by government. Olufemi said investors are not keen to invest in the market due to the dwindling economy, just as he noted that sellers are not even bringing their property to the market, as they are yet to ascertain the economic direction of this present government.

By 

Nigeria’s housing market depressed, amidst economic recession

Nigeria’s housing market remains depressed, undermined by a combination of problems – economic recession, high interest rates, high inflation, rising unemployment, as well as worsening insurgencies. Demand has fallen sharply. House prices are also declining, especially in real terms.

InLagosIsland, house prices fell by 5.58% during 2016, after an annual decline of 25% in 2015 and y-o-y rises of 4.62% in 2014, 11.14% in 2013, 4.62% in 2012, and 28.87% in 2011. When adjusted for inflation, house prices in LagosIsland actually dropped a dramatic 18.17% during 2016.

On Lagos Mainland, average house prices rose by a modest 2.33% during 2016, a sharp slowdown from y-o-y growth of 20% the previous year, according to Residential Auctions Company (RAC). However due to high inflation, this translates, in real terms, into house prices dropping 11.3% y-o-y in 2016.

Lagos remains the most expensive city in Africa in 2016, according to real estate firm Savills, despite falling house prices and rents.

The average price of four- to five-bedroom houses in Lagos Mainland was NGN 75.51 million (US$239,900) in 2016 while similar properties in the LagosIsland cost around NGN 172.21 million (US$547,150), according to RAC.

The house price index in LagosIsland represents the high-end market in Nigeria. On the other hand, Lagos Mainland’s house price index represents price movements in the mainstream market.

Demand is falling sharply in most Nigerian cities. “It now takes a longer time to conclude transactions, while in some cases, there are renegotiations on rents,” said EmekaEleh, the former president of Nigerian Institution of Estate Surveyors and Valuers (NIESV). While the impact of the economic recession varies from one place to another, high-end properties, such as in Ikoyi, are the worst hit, Eleh added.

Land transactions in Lagos also dropped 30% in 2016 from a year earlier, despite cuts in various land transaction-related rates. In 2015, consent fees were reduced from 6% to 1.5% while the capital gains tax rate was cut from 2% to 0.5%, in an effort to spur property demand.

In 2017, house prices are expected to continue falling in most cities, but should then improve, beginning with Lagos.

Nigeria lagos mainland house price change“The likelihood that house prices will continue to fall in most [cities] this year is very high,” said RotimiAkinlose, the managing director of RAC.“However, Lagos being the economic and financial base of the country will start to see house prices rise again across the board.” Akinlose added.

The economy was estimated to have contracted by around 1.7% in 2016, after expanding by 2.7% in 2015, 6.3% in 2014, 5.4% in 2013, 4.3% in 2012, and 4.9% in 2011, according to the International Monetary Fund (IMF). Nigeria is expected to return to growth this year, with a projected GDP growth rate of 0.8%.

Analysis of Nigeria Residential Property Market »

3 Reasons Why You Should Attend the Next Debo Adejana Real Estate Seminar

It is often said that if you are heading for a destination, you need to talk to someone who’s gone ahead to show you the way. The Debo Adejana real estate seminar which returns next weekend will open your eyes to vital due diligence tricks in real estate and real estate business secrets you will never get elsewhere.

Due diligence is a very crucial aspect of a real estate transaction that cannot be wished away no matter the people involved. Most people who have lost money in real estate did not do as much due diligence as they should do.

Just like the manner most of us nosedived into the popular Ponzi scheme that is now on sabbatical, a lot of Nigerians embrace any offer that is too good to be true. Even after visible red flags people go ahead to acquire properties probably because it’s a good bargain. The aftermath of such is wailing and gnashing of teeth.

Albeit if you are ever going to succeed in real estate, the number rule to follow is that; ‘Never wave away your due diligence’

As the late Benjamin Franklin said, “An ounce of prevention is worth a pound of cure.”, and that is exactly what due diligence is for. It should prevent you from buying a property that has problems or will give you problems down the road.

I am sure a number of people reading this have had a fair share of real estate investments that did not go well and garnering experience in the business of real estate may not even be a sure guarantee  that you will not have bad investments anymore, especially when you don’t learn from your mistakes

In the light of this, here are three reasons why you should attend the next Debo Adejana Real Estate Seminar slated for next weekend:

1.You will avoid making bad investment decisions

It’s not in all cases people lose money to fraudulent people in the course of a real estate transaction. In some situations, the person most probably took some bad investment decisions and worse still that investment decision was done with people’s money or the person also did not do due diligence in his own investments, which then fatally affected other people’s investments. This seminar would draw your attention to vital tricks to imbibe to avoid making bad investment decisions

2. You will be exposed to Vital Due Diligence Tricks

This is the topmost priority of the Debo Adejana real estate seminar; to expose you to vital due diligence tricks. These due diligence tricks will not only be save you a lot of trouble, you will also be saving people you trust or people who have trusted you (as the case may be) a lot of trouble. But how do you go about this when you go about this with limited knowledge of what it entails? Debo Adejana will expose you to all of these and a whole lot more

There is no one who really wants to do a thing without counting the cost. It is in counting the cost that you do due diligence. Don’t do it after you pay, do it before you part with a dime of your money, no matter who you are investing with.

Doing due diligence helps you know who you should invest with, and how to package your investment, and safeguard against any future mishap.

3. You would be enlightened on how to avoid scam artists

Whether you are buying a small piece of land or a commercial building, conducting a through due diligence examination of the real estate is absolutely imperative to you as a buyer.  The real estate industry in Nigeria is laced with horror stories in which buyers are stuck with serious problems from poor due diligence examination of their real estate purchases.

A lot of Nigerians have fallen for one real estate scam or the other, especially those who buy properties from Omoniles. People become easy prey for real estate scam artists mostly because they fail to do their due diligence before entering into a real estate transaction or during the process of a real estate deal. Tackling the aspect of due diligence is not just being smart, even the smart are outsmarted. It is about knowing the vital due diligence tricks and real estate business tricks you may never get elsewhere.

Do you still think this seminar is not for you? I’ll bet not because everyone is involved in real estate one way or the other

Don’t go crying blue murder, when the actual killing was carried out by you….

Here’s an opportunity to join Debo Adejana, MD/CEO of Realty Point Limited – A company with over 12 years of excellent service and untainted integrity, with a track record of success in Real Estate transactions – as he shares from his experiences and pitfalls in a “No Holds Barred’ session this August.

The seminar will be a bare it all, no trade secrets left untold session where you get to gain a lot of insight into VITAL DUE DILLIGENCE TRICKS IN REAL ESTATE TRANSACTIONS.

It promises to be a very engaging and insightful session that has the capacity to transform your view of Real Estate Business. Make it a date with us:

Date: Saturday – August 12, 2017.

Time: 10 am prompt

Venue: Realty Place – 3, Olaide Benson Str, Onigbogbo, Maryland, Lagos.

Fee: N5000 (N7500 from August 10)

There are very limited seats available at the seminar hall.

Alternatively, you can also join the seminar via WhatsApp for those outside Lagos where you get live feeds of the event via text, images, and audios. You can ask questions and have them answered on that platform too. The Joining fee is N5000.

BONUS: Free 45minutes One-On-One session with ‘Debo Adejana for the first 30 persons to register and pay. This session be claimed on or before September 30, 2017.

To register for the seminar:

Please make payment to 0007754736 (GTB) Realty Point Limited.

Send your name, number and email to 08093930651 after payment to confirm your seat at the seminar.

Come and learn, do not miss this for anything.

KNOWLEDGE IS KEY!

The Act of Abandonment in Real Estate

Abandonment in real estate can be referred to as the act of surrendering a claim to, or interest in, a particular asset. In some other circles, it is believed to be the permitted withdrawal from a forward contract that is made for the purchase of deliverable securities, and also the act of allowing an option to expire unexercised.

Legal Dictionary defines Abandonment as “The surrender, relinquishment, disclaimer, or cession of property or of rights. Voluntary relinquishment of all right, title, claim, and possession, with the intentionof not reclaiming it.”

Abandonment in real estate includes both the intention to abandon and the external act by which theintention is carried into effect. In determining whether someone has abandoned property or rights, theintention is the first and paramount object of inquiry, for there can be no abandonment withoutthe intention to abandon.

Abandonment in real estate differs from surrender in that surrender requires an agreement, and also fromForfeiture, in that forfeiture may be against the intention of the party alleged to have forfeited.

REASONS FOR ABANDONMENT IN REAL ESTATE

1. Corporations will generally abandon assets or projects that no longer offer any profitability. In most instances, proper legal documents must be filed with authorities and any damages must be recouped.

2. Abandonment occurs in forward contracts that permit the purchasers to withdraw from the contract, rather than purchase the deliverable securities.

3. In many instances, an option may not be worthwhile or profitable to exercise and, therefore, the purchaser of the option will let the option expire without being exercised.

PROPERTY THAT CAN BE ABANDONED

Various types of personal property—such as personal and household items—contracts, copyrights,inventions, and patents can be abandoned.

Certain rights and interests in real property, such as easements and leases, may also be abandoned.Supposing ranch owner gives a shepherd an easement to use a path on her property so that the sheep canget to a watering hole. The shepherd later sells his flock and moves out of the state, never intending to return. This conduct demonstrates that the shepherd has abandoned the easement,since he stopped usingthe path and intends never to use it again.

Ownership of real property cannot be obtained because someone else abandoned it but may be gainedthrough Adverse Possession.

ELEMENTS OF ABANDONMENT IN REAL ESTATE

Two things must occur for property to be abandoned: (1) an act by the owner that clearly shows that he or she has given up rights to the property; and (2) an intention that demonstrates that the owner hasknowingly relinquished control over it.

Some clear action must be taken to indicate that the owner no longer wants his or her property. Any act is sufficient as long as the property is left free and open to anyone who comes along to claim it.

Inaction—that is, failure to do something with the property or non-use of it is not enough to demonstratethat the owner has relinquished rights to the property, even if such non use has gone on for a number of years.

farmer’s failure to cultivate his or her land or a quarry owner’s failure to take stone from his or her quarry,for example, does not mean that either person has abandoned interest in the property.

person’s intention to abandon his or her property may be established by express language to that effect or it may be implied from the circumstances surrounding the owner’s treatment of the property, such as leaving it unguarded in a place easily accessible to the public.

The passage of time, although not an element of abandonment, may illustrate a person’s intention to abandon his or her property.

 in ArticlesReal Estate July 27, 2017

FG urges regulation of values and rates of land

FG Wants Prices of Land in Nigeria Regulated
The Nigerian Institution of Estate Surveyors and Valuers has been urged to regulate values and rates of land across the country.

This appeal was made by the Minister of Power, Works and Housing, Mr Babatunde Fashola, at the Ministry’s headquarters in Abuja when he received members of the Council.

The delegation visited the Minister to discuss critical issues that bothers on property development and provision of professional services by Estate Surveyors and Valuers.

Mr Fashola noted that if the suggestion is accepted, it will bring an end to reoccurrence of disputes that often lead to huge compensation on the part of government.

The former Lagos State Governor stressed that “the council is expected to play its role in developing a regime of predictable rates for land in each local government area whether the place is developed or not across Nigeria.”

He stated that the Buhari administration was poised with the implementation of the International Public Sector Accounting Standards (IPSAS) in all the Ministries Departments and Agencies (MDAs) to ensure accountability in the public sector and building the capacity of civil servants.

He expressed pleasure receiving the Council members particularly as they engaged the ministry on developmental issues in rebuilding the nation’s economy.

On the National Housing Policy, the Minister stated that the ministry does not have the large scale resources to build permanently, adding that the on-going 5 hectares mass housing projects across 33 states of the federation is a pilot scheme that will set the pace for affordability and acceptability for private sectors to key into.

Earlier in his remarks, President of the Nigerian Institution of Estate Surveyors and Valuers, Dr Bolarinde Patunola-Ajayi, on behalf of the Council members expressed their deep appreciation to the Minister for the meeting.

He added that the meeting will create a channel of synergy and profitable collaboration between the ministry and the institution resulting in a robust and efficient management of the nation’s National Assets.

The President informed the Minister that the Nigerian Institution of Estate Surveyors and Valuers as a major stakeholder in national land resource development and management performs among others the following functions, advice the government on land and housing policies and their implementation; generate revenue for government through the various services rendered and registration of titles to landed properties granted by the federal government.

Dr Patunola-Ajayi stated that following the adoption of the International Public Sector Accounting Standard (IPSAS) policy by the federal government, he enjoined the Ministry to set up implementation committee in all departments and agencies of the ministry for IPSAS compliance.

Source: Business Post

‘Lekki Property Market Will Generate Over 70% of Lagos Wealth by 2025’

1

President and Founder, Africa’s Property Investment Group, Chiudi Kalu in this interview with Mary Ekah reveals how a conference tagged, ‘Cracking the Silent Lekki Property Market’, scheduled to hold in Lagos tomorrow, Saturday, June 10th, will open the minds of smart investors to how they can change their financial levels for better by investing in the Lekki property market

Why are you so passionate about people investing in real estate business?

I started investing in real estate almost with nothing but today I am privileged, by the grace of God, to have done massive real estate investments that cut across various segments and various locations.  Now we are putting up an event tagged ‘Cracking the Silent Lekki Property Market’ investment forum, which will focus basically on how people can take advantage of the Real Estate sector. Now, people usually think that to be in the Real Estate business, you must have so much money and so many at times; they rig themselves out of good deals. Now the idea behind this forum is to encourage people to invest in property within the Lekki market, just like I started too. Anybody can rise from whatever low position they are today to whatever level they want to be through investments in real estate. Real estate investments give people that leverage to be able to become whatever they want to be. The end of recession is when people make more money than they currently have. Money did not run away because of recession, money is present but the challenge is that certain people aren’t able to have access to the money. And where there is plenty for some and scarcity for others, it simply means that we are in recession because money is not circulating to the people at the bottom. And for anybody to rise and change his status, he/she needs to make a conscious decision to take the opportunity of where people are putting their money and that is what investment in real estate is all about. And real estate is what can make people make transition from their lowly states to their high states. And the forum on ‘Cracking the Silent Lekki Property Market’ would be affording people that opportunity.

Now let’s talk more about ‘Cracking the Silent Lekki Property Market’ forum.  Why ‘Silent’ and how really does it work?

Cracking the Silent Lekki Property Market investment forum is all about taking advantage of the Lekki property market. We can use our idea and expertise to help you as a discerning investor with strong interest in property investing in the Lekki-Epe corridor to profit massively in your own real estate investment. The Lekki property market is an exciting market and more thrilling and profitable. But only about 4,500 out of 180 million people know about this – that is why we call it “The Silent Lekki Market”. This sort of investment is ‘silent’ because it is not what people talk about and like they say, the best deals cannot be ‘googled’ or televised. It is more like a secret. It is like a cabal, only a certain number of people know about it. And so it is an exclusive deal that nobody wants to talk about. Even the banks don’t want to talk about it and that is why you find out that the banks are willing to give loans more for the Lekki property than they would give for property in other areas. So at this forum, you would have the chance to seek out a profitable Lekki property deal that produces cash-flow from day one. It is obvious that Lekki will generate more than 70 per cent of Lagos wealth by 2025 and the reasons are very obvious to any smart investor. Again, only those who understand the trends can make money investing in what I call the Silent Lekki Property market. Of course, a thorough property evaluation is necessary which is the reason AFPING is putting together a forum where investors can see the figures, facts and returns.

I’m saying that within the next 10 years, $3 trillion dollars will be generated from the Lekki property market. So how do I own a particular percentage of that money, it is by now investing in property within that region.  It’s not rocket science for anybody to invest in that region. It takes me taking advantage of the opportunities that come my way. And because there are so many real estate companies on ground, how then do you separate the wheat from the chaff? This is what this forum is all about. And for anybody who wants to buy property, I will say don’t buy but wait until you attend this forum then you can buy. By then, you would understand the reason why you should buy and the kind of real estate you should invest in. Information is the bedrock for transformation, so how informed I am, will determine the kind of investment choices that I make. So if you feel that the property market has been rigged against you, then you have the unique privilege of overturning the deficit in your favour by understanding and getting involved in the biggest yet most exclusive property market in Africa. This forum will not only provide you with powerful insights and latest money-making tips in Lekki property investing but will also create a platform for you to meet with professionals and entrepreneurs who have made solid returns in the region as well as the opportunity to invest in what they invested in. This forum will show you offers that have very good chance of capital growth within 12 months period with high returns. Now because of the strong market analysis, it is also certain that as much higher returns will be the gains that could be obtained if you get to keep your property but you definitely would not experience a loss on your property investing and that is what this programme hopes to offer.

 

How do you intend to educate people about this just in a one-day forum?

The forthcoming event is tagged,’Cracking the Silent Lekki Property Market II and will parade speakers like Cofounder/CEO, Arkbridge, Mr. Alex Adefarasin who would speak on the topic, ‘5 Things Investors Must Know about Silent Investing’; Co-investor, Wealth Island, Mr. Tade Cash, will speak on, ‘Cracking the Lekki Property Code Once and for All’ while the Principal Partner, St. Lawrence Chambers, Mr. Victor Adeeko, will speak  on, ‘How to Belong to the N1.2 Billion Silent Lekki Market’ and of course, the Founder, AFPING, Mr. Chudi Kalu would crown it all with the topic, ‘Why Your Financial Future Matters with the Silent Lekki Market’. On that day, we are also going to be showing people the deals they can take up. It is going to be exclusive and insured deals that will guarantee between a 100 per cent and 300 per cent returns in less than 18 months. It is insured deals, and that means anybody who put down his money is not going to lose it. So it is a one-day forum but a life time opportunity.

Is the forum free of charge and who are qualified to attend?

Everybody is qualified to attend. It is open to businessmen, business development managers, fund managers, mortgage bankers, capital investors, high net worth Individuals as well as upcoming investors and incidentally it is free of charge. But for anybody to attend you must register on www.afping.com; if you are not registered, you cannot be part of the event. We had one earlier, which was the Island edition in Victoria Island, Lagos on May 29, which had over 600 people who registered but most of whom registered so late and were not able to participate. We are giving people another opportunity to attend the second edition, which is the Mainland edition billed to hold on Saturday June 10th at the Sheraton Hotel Ikeja, Lagos by 9a.m.. So the earlier they can register, the better for them because we have limited seats available. We are looking at the peculiarity of the market and one of the things that we would regularly do is to look at various segments that people can invest in. For example, we are looking at the top 10 areas that people can put their money and which can generate wealth because it is not just about Lekki alone but for now, the issue about the Lekki market is  because of figure, the market and the potentials of that area. For example, the largest sea port is coming to Lekki. What is the market potential for real estate investors in Lekki? An investor is a person who makes money when other people are buying some particular property. For example, a real estate investor is someone who makes money when other people are renting, so as an investor, what is the value of rents that I see in this particular area? Lekki has dominated the various segments of property investments and it has remained the top three in the past five years consistently, so you cannot go wrong for investing in that market. But you need to be able to understand the facts, the figures and locations for investments and for what purpose are you investing. So the day you buy real estate, is the day you start making money from it but what we have these days is that people buy real estate and for five years, they have not been able to do or gain anything from the property and then the problem that we have in Nigeria, is not land deficit, but housing deficit. Now a lot of people have lands but are they making money from the land that they have? So why not have land where people can always pay you income on that property so that you can make money because when people make more money, they enjoy more leverage as individuals.

How do you guarantee security on investments?

In case of negligence, a partnership has been established between the developer, Arkbridge Integrated Limited and an insurance company, AXA-Mansard to be able to insure the investments of investors. So if there is any negligence on the part of the developer, at least your capital is secured. So even if I am going to lose money, I am not going to lose my capital, and also the developer is also having an agreement with the investors, saying that I will buy back this property from you, if at the 15th month, you tell me that you want me to buy back the property from you, which gives me the opportunity to say yes or no.  So I have different choices to make when it comes to the investments.

Prime Properties For Lease and Sale :

All properties are direct instruction :

FOR LEASE :

Lekki Phase I

1. 3 bedroom serviced flat at Prime Water View 2, Lekki Phase I. Rent : #2.5m

2. 3 bedroom self service flat, Upper floor at off Road 13, Lekki Phase I. Rent : #2.2m

IKOYI :

3. 4 bedroom architectural masterpiece town house with BQ on Bank Road, Rent : #15m (net), S/C: Call

4. 3 bedroom fully serviced luxury flat at Banana Island Estate, Rent : #12m, S/C: #3m

5. 3 bedroom fully serviced luxury flats with BQ off 2nd Avenue, Banana Island Estate. Rent: #15m, SC: #3.5m

6. 4 bedroom fully detached house with BQ at Olamijuyin Street, Parkview Estate, Ikoyi. Rent: #7m, asking

SALE :

LEKKI PHASE I

7. 2 nos. 4 bedroom newly built detached houses with BQ, Automated window blinds and swimming pool off Admiralty Road, Lekki Peninsula Phase I. #220m, asking.

OSAPA/AGUNGI

8. 6 bedroom exquisitely built detached house with BQ on 3 floors at Osapa London, Opposite Victory Park Estate. #95m asking. Registered Title.

9. Various 3/4/5 bedroom flats, semi detached and fully detached houses ranges from #38m to #80m.

AJAH

10. Block of 4 nos. 2 bedroom flats at Badore Area, Ajah. #25m. fully tenanted and rental Value is #700k per annum.

11. 5 bedroom detached house with BQ at Badore, Ajah. #40m, asking.

12. A plot of land well fenced and sandfilled, measuring 650 SQM at Seaside Estate, Badore, Ajah. #8m net.

13. 30 units of 3 bedroom flats at sangotedo, Ajah

ABUJA:

14. 4 bedroom semi detached house with BQ at Cliffland Estate, Dutse District,. Price : Call.

For Further Enquiries, Please contact: J. C. Realtors
Tel: 08032797503,
08026772294

Duplex for Sale at Lekki Gardens Estate Phase 3

A brand new 4 bedroom semi detached duplex, fantastically finished interior, Fitted Kitchen, vitrified Tiles, state-of-de-art sanitary wares and bathroom fittings, spacious compound to park 5 cars conveniently. Side Attractions (such as: Swimming Pool, Lawn Tennis Court, Basket Ball Court & Playground for kids). An easily accessible & very well secured & organised estate with High Security Facility(24hr- Guard by Mobile Policemen), 24hr-Power Supply, Central treated water supply, serene interlocked environment on a tarred road with good drainage system free from flood.
Location: Lekki Gardens Estate Phase 3, behind LBS(Lagos Business School), Off Lekki Epe Expressway, Ajah, Lagos State.
Price: 35M
Ttile: C of O / Contract of Agreement with Lekki Gardens.

Call Godfrey on 08034360360
GM Harvey Realty Limited