Lekki, Lagos, Nigeria +234 807 825 2516

Investment Opportunity,
In Ikorodu




I am pleased to present you with an exciting investment opportunity for a strategically located property in Ikorodu, Lagos. The property is positioned less than a 3-minute drive from the Lagos State University of Science and Technology (formerly LASPOTECH), making it a prime candidate for redevelopment into a high-demand student hostel facility.

Property Overview
Location: Less than 3 minutes from Lagos State University of Science and Technology, Ikorodu, Lagos.

Property Title: Receipt, Deed of Conveyance, and Registered Survey.

Current Condition: Requires renovation and modernization.

Valuation: N56 million (by Jide Taiwo & Co.)

Asking Price: N50 million (offering a discount on market valuation).
PROPERTY OVERVIEW

  1. Location: Less than 3 minutes from Lagos State University of Science and Technology, Ikorodu, Lagos.

  2. Property Title: Receipt, Deed of Conveyance, and Registered Survey.

  3. Current Condition: Requires renovation and modernization.

  4. Valuation: N56 million (by Jide Taiwo & Co.).

  5. Asking Price: N50 million (offering a discount on market valuation).

Investment Potential

The property’s proximity to the university campus makes it a perfect candidate for a student hostel development. The area has witnessed a growing demand for student accommodation, driven by the increasing student population and limited availability of quality housing options.


Rental Market


  • Analysis: Average Rent: A standard self-contained unit (self-con) in this area rents for a minimum of N700,000 per annum.

  • Occupancy Capacity: With adequate renovation, the property can be configured to accommodate 12-18 self-contained units.

PROPERTY IMAGES
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DRONE CO
Financial Projections
























DetailsProjection
Total Units12 – 18 self-contained units
Average Rent per UnitN700,000 per annum
Estimated Annual Rental IncomeN8.4 million – N12.6 million
Estimated Renovation CostN10 million – N15 million

Why Invest Now?


  1. Prime Location: The property is located in a rapidly developing area, with high rental demand driven by the university community.

  2. Value-Added Opportunity: The current market valuation stands at N56 million, offering you an instant equity gain of N6 million on purchase.

  3. Strong Rental Income Potential: A conservative estimate indicates a rental income of N8.4 million to N12.6 million per annum, providing a strong cash flow and attractive yield.

  4. Long-Term Appreciation: The continued expansion of the university and surrounding developments in Ikorodu will drive future property value growth.

Next Steps

I invite you to visit the property for a site inspection and further discussion on how we can proceed with this acquisition. I am confident that this investment opportunity aligns well with your portfolio goals, offering both immediate equity and long-term rental income.

Please let me know a convenient time for us to meet and discuss the details.

Thank you for considering this opportunity. I look forward to your favorable response.

Sincerely,
Oluwafemi Ogunbanke
07055575322 (Call/Whatsapp)

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