1) Property is in a good location. Aguda Surulere precisely.
2) Apartments command a good rent.
3) Building can have up to 15 units of one bedroom/mini flat apartments while developer can have up to 13 units for the lease period.
4) Average rent of a one bedroom is #800,000.
5) It offers a good returns on investment
Nature of Project - Residential DEVELOPMENT (B.O.T.)
Required Investor(s) - Sole Investor
Returns on Investment - 10 million naira per annum with potential to increase every 3 years for the next 20 years. Developer may cash out by leasing out the flats and make 50% profit within 6 months post construction
Unit of Investment - ₦60,000,000
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