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Own a serviced luxury One bedroom flat overlooking the aerial view of Lekki Phase One, Lekki-Ikoyi bridge and Ocean Parade, Banana Island,Civic Towers, and Mobil House VI, HOTR with breathtaking rooftop clubhouse and rooftop gym,rooftop spa and jacuzzi. 24/7hrs pay as you use electricity, water and elevator with security fractional ownership investment for a particular 3 months annually for 20year period.
You can find fractionals in many exclusive, world-class resort destinations in the Caribbean and at major tourist centers around the world.
Fractionals first became available in the United States in major ski states like Colorado and now available in Lagos,Nigeria.
The exceptionally high real estate costs and consequent inability for most to afford a vacation home near ski resorts made these locations the ideal fractional ownership locales.
Later, fractionals became popular in golf-oriented and beach communities.
Does The Property Appreciate in Value?
Fractional ownership is the best kind of ownership if you want to invest in your future and family – not for financial purposes.
Fractional ownership in Single Family Residences has the highest opportunity to appreciate in value.
This is because in the future buyers may want to buy the home as a primary home. This is why vacation funds have started by single-family residences for their investors.
Fractional ownership in a resort will rarely appreciate in value because the property is depreciating with age and becoming less attractive as a vacation destination.
Investing in Your Lifestyle
Conventional real estate developers understand that folks who invest in whole ownership real estate are always looking for some appreciation. Fractional developers also understand this but offer a bit more to the value.
Fractional shares are first sold as an “investment in your lifestyle.”
With fractional ownership, you spend longer living in luxury vacation accommodations because there are fewer owners in comparison to a timeshare. You experience the finer things in life together without the insanely high budget.
Fractional properties offer a more relaxed vacation experience. There is far less hustle and bustle for vacationers when arriving and departing because the management team and staff take care of all the details.
Owners have access to state-of-the-art accommodations in this location, as well as staff who attend to every detail from housekeeping, shopping, laundry and even a concierge.
The abundant five-star amenities are extravagant and exclusive.
*Bequeath Ownership to Your Children*
The benefit of fractional ownership is the memories and the investment you are putting into family. Investing in fractional real estate one might expect some monetary return, but the greatest return of fractional ownership is sharing special times with your family and friends. The ownership can be bequeathed to your children, so the property can be part of the family for generations.
Most fractionals are operated by well-known hospitality companies that have reputations for providing five-star service at exclusive resorts, for example, the Ritz Carlton.
*Return on Your Investment*
The ROI can’t be defined by money alone.
Fractional ownership offers the benefits of a luxury resort with appreciation potential without the costs associated with maintaining a second home.
They offer more space, amenities and more access per year than a timeshare, and allow you to bequeath ownership to your children.
|Property Ref: 185450||Added On: 12 Sep 2017||Last Updated: 23 May 2019|
|Market Status: Available||Type: Flat||Bedrooms: 1|
|Bathrooms: 1||Toilets: 2||Parking Spaces: 1|
|Furnishing: Furnished||Total Area: 1,400 sqm||Servicing: Serviced|
|Service Charge: ₦240,000 per annum|
Oye Balogun Street, Off Freedom Way, Lekki Phase 1, Lekki, Lagos
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