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FAST SELLING LONEX GARDEN ESTATE

FAST SELLING LONEX GARDEN ESTATE

We Introduce to you the fast Selling LONEX GARDEN ESTATE that is being marketed by Union Homes Savings and Loans Plc. LONEX GARDEN ESTATE is a private residential property on 20 hectares of prime land located along Channels TV road, Isheri North Gateway City off Lagos –Ibadan Expressway.

  • It is a beautiful, well planned estate with infrastructure and adequate security. A serene environment you can call a home.
  • Brings a nice alternative to lovers of Lekki/VGC Area but who prefer the mainland for habitation.
  • LONEX Garden Estate offers easy access to the Muritala Mohammed International Airport and to other parts of the country.
  • The Estate is about 15 minutes drive from Magodo/Alausa Secretariat.
  • It can be considered as a source of premium rental and investment income.

FACILITIES AVAILABLE:

  1. Good road network system
  2. Good drainage system
  3. Deep bored water supply (from the rock)
  4. Well positioned street light
  5. Dedicated and functional transformers
  6. Landscape garden
  7. 24hrs security and patrol team
  8. Pedestrian walkway
  9. Estate office
  10. Quality sewage system

Note: These facilities are in existence and functional.

ESTATE TITLE

LONEX Garden Estate is covered by a Certificate of Occupancy and a Deed of Sub-Lease.

  • Prospective buyers will be issued a Deed of Under- Sub Lease.

PROPERTY TYPES

The following house types can be built on the property;

  • 3/4 Bedroom Terraced Houses

  • 5 Bedroom Detached Houses

  • 4 Bedroom Semi-Detached Houses

  • 2/3 Bedroom Apartments/Flats.

PRICE AND PAYMENT PLAN

The promo price is N45, 000.00 per m2. Offer is from January to July 2020.

Price after the promo is N50, 000.00 per m2.

The payment plan is flexible as follows;

  • Within 1 month-100% Sales Price attracts a 2% discount.
  • Within 3 months-initial payment of 30% Sales Price and the balance in 2 equal monthly installments.
  • Within 6 months-initial payment of 50% Sales Price and the balance in 5 equal monthly installments.

PRICE JUSTIFICATION

COMPARATIVE PRICES AND RETURN ON INVESTMENT

S/NDESCRIPTIONWITH INFRASTRUCTUREWITHOUT INFRASTRUCTURE
1LANDS WITHIN THE NEIGHBORHOOD – (500m2)N48,000/m2  – N24,000,000.00N40,000/ m2 – N20,000,000.00
2SELLING PRICE Of A SEMI-DETACHED  DUPLEXN100,000,000.00  (i.e. N50,000,000/unit)N70,000,000.00 (i.e.35,000,000.00)
3COST OF LAND @45,000/m2 & CONSTRUCTION COST OF A SEMI DETACHED DUPLEXN66,000,000.00N60,000,000.00
RETURN ON INVESTMENTN34,000,000.00N10,000,000.00
  • The Property guarantees a 51.5% return on Investment.
  • Rental income from a semi-detached duplex is N1.5 million per annum.
  • The value of land appreciates in time, especially in estates with infrastructure.

Without any development on the land it will still be sold at a premium.

For more information, please call:

  • Chidinma: 08034016887
  • Theodora: 07085958022
  • Kunle: 08177480714
  • Esther: 08101846320
  • Or: send your request to:

Lonexsales@unionhomes.com.ng

If you will like us to contact you please fill the form below and we will reach you soon.

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