Background

Opportunistic real estate investments are successful when the promoter gets three things right; Location, Strategy and Execution. This project has ticked these boxes and is projected to yield returns in excess of 35% per annum adopting conservative assumptions. The project is an ongoing redevelopment project of a block of apartments which consists of 8 units of 3 bedrooms apartments with ensuite convenience.

Project

Location: Bishop Street, Surulere, Lagos.

Bishop street is a few meters from Funsho Williams (formerly Western) Avenue, Surulere, Lagos. Surulere, being one of the key transport nodes of Lagos, as it connects the city’s mainland with Lagos Island and Victoria Island.

The redevelopment will include:

• Redesigning of internal spaces
• Retiling of floors and wet areas
• Changing of doors
• Upgrading of toiletries and plumbing
• External screeding and painting
• Lighting of internal and common areas

A redevelopment period of 6 months has been earmarked for this project.

Strategy

The promoter aims at offering USPS that guarantee prompt and profitable sales through the construction, features and finishing of the project.

• Construction: The units will be spacious and all rooms will be ensuite.
• Finishing: POP ceilings and screeded walls, spot lights and classy electrical and plumbing fittings and external security doors.