1 Bedroom Block of Flats for Sale in Salvation Estate, Ajah, Lagos

For sale block of apartment located at salvation estate, ado owode, ajah. price: n111 million net . title: lagos state government gazette and deed of assignment. description of property. an attractive investment property made up of units of flats,mini flats and room self contained for sale. the property is a two storey magnificent building on 920 square metres in a serene location and gated estate . return on investment it generates a total annual rent of n11 million. investment analysis: at the price of n111 million and rent of n11 million the yearly return on investment is 10 percent which is unprecedented in property investment. the payback period of 10 years is also very attractive and short. taking into consideration possible increase in rent in the next couple of years the pay back period should not exceed 8 years which is unimaginable. occupancy :the property is 3 units of 3 bedroom flats, 11 units of self contained apartments and 1 unit of miniflat, all occupied. this is an exceptional and one of the most attractive real estate investments in the market as it is difficult to get a property of n111 million which will generate an annual rent of n 11million at the moment. furthermore, the property offers great potentials for capital appreciation as the price will continue to increase based on the location which has a lot of social and economic activities. d...