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 en-suite convenience.
Location: Bishop Street, Surulere, Lagos.
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.
| Features | Details |
|---|---|
|
Project Name |
RAIN Apartments |
|
Project Type |
Residential Real Estate |
|
Investment Structure |
RAIN (Real Asset Investment Notes) |
|
Compliance |
Shariah-Compliant (Mudarabah Principle) |
|
Location |
Surulere, Lagos |
|
Status |
Active / Completed |
|
Total Units |
8 Units |
|
Unit Types |
3-bed |
| Lease Terms | Details |
|---|---|
|
Total Lease Value (20 Years) |
NGN 50,000,000 |
|
Lease Duration |
20 Years |
|
Lease property |
3-Bed |
|
Lease Structure |
20 years |
|
Rent Review Clause |
Yes |
Total Lease Value (20yr)
Annual Lease Income (50m / 20yr)
Investment Term (RAIN)
| Summary | Details |
|---|---|
|
Value |
3,500,000 (3-Bed) |
|
Projected Return (20years) |
100% – without factoring appreciation |
|
Principal Redemption |
At end of 20-year term |
|
Payment Method |
NGN 50,000,000; outright/instalments |
|
Asset Backing |
Residential property lease |
Residential Property with accruing value. Modern Facilities in the heart of surulere. Current Rental Value; NGN3m. Projected value in 5 years; NGN6m.
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