For Sale: Luxury 2 Bedroom Hotel Apartment , Water Corporation Drive, Off Ligali Ayorinde , Oniru, Victoria Island (VI), Lagos | 2 Beds, 2 Baths (Ref: 198523)

Luxury 2 Bedroom Hotel Apartment

Property is currently not on the market
It may now be rented/sold, under offer or temporarily withdrawn from the market.
  • Luxury 2 Bedroom Hotel Apartment, Water Corporation Drive, Off Ligali Ayorinde, Oniru, Victoria Island (vi), Lagos, Block of Flats for Sale
  • Luxury 2 Bedroom Hotel Apartment, Water Corporation Drive, Off Ligali Ayorinde, Oniru, Victoria Island (vi), Lagos, Block of Flats for Sale
  • Luxury 2 Bedroom Hotel Apartment, Water Corporation Drive, Off Ligali Ayorinde, Oniru, Victoria Island (vi), Lagos, Block of Flats for Sale
  • Luxury 2 Bedroom Hotel Apartment, Water Corporation Drive, Off Ligali Ayorinde, Oniru, Victoria Island (vi), Lagos, Block of Flats for Sale
  • Luxury 2 Bedroom Hotel Apartment, Water Corporation Drive, Off Ligali Ayorinde, Oniru, Victoria Island (vi), Lagos, Block of Flats for Sale
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Property Description

THE OCEANNA

Nigeria's most prestigious community, and Lagos' most heightened living, business, hospitality and recreation epicentre. The epitome of our new era.
The Oceanna is a Beauty set to redefine the skyline of Lagos State. It consists of 4 towers, namely; The Oceanna Caerulean, The Oceanna Indigo - which is the Oceanna Hotel, The Oceanna Azure and The Oceanna Aqua.
Location: Water Corporation Drive, off Ligali Ayorinde, Victoria Island.
Project Inspiration
To have an iconic development done with lightness and elegance a shift away from the box, to something more organic more natural.

The Oceanna is inspired in equal parts by the simple beauty of exterior skins of shells found lying along Victoria Island Beach, and historic colonial houses in Ikoyi with their broad verandas and large gardens.

The towers are crafted to maximize views from within while simultaneously screening the interior space from the sun. The glass-fibre-reinforced concrete panels to create a subtle undulation of shadow and light as their shape and density changes according their position on the tower.
Project Features - underground electrification, independent power generation, advanced fibre optic telecoms for the community, hotel apartments, swimming pool, restaurants, bars, tennis courts, children's playground and multi-level parking.

The Oceanna Hotel -- The Indigo
The Oceanna Hotel is a magnificent 26 floor tower, sitting on a foot print of 1084sqm. The Oceanna Hotel Apartments is more than just a location; it is the portal to a plethora of opportunities and experiences.
The journey to The Oceanna Hotel begins with buying a studio unit, to earn a life time stream of increasing income or to live-in.
The Hotel Apartment will be operated by a world-class hotel management brand that would deliver high yield on your property investment.
The Offerings
Made up of 2 bedroom, 1 bedroom and studio apartments with fully equipped kitchen spaces. Each hotel room is outfitted with opulent fixtures, fittings & furniture.
Features - Helipad, Virtual Golf, Art Gallery, Restaurant & Bar, Luxury Retail Outlets, Tennis Court, Spa & Gym, Sea Life, Water Cascade & Fountain, International Conference centre and Meeting rooms

Available Apartments For Sale

- 2 Bedroom
- Prices: N162,163,125
- Size: 90sqm(carpeted). 152sqm (gross).

Why The Oceanna Hotel Apartments?

COMMUNITY OF DISCERNING INVESTORS
Be part of a community of investors who will earn a life-time stream of increasing income.

HOTEL APARTMENT
A seamless transition to upscale living. At The Oceanna Hotel Apartments, there will be no maintenance obligations, repairs, dealing with agents and no yard to maintain.

SHORTENED PAYBACK PERIOD
The Oceanna Hotel Apartments offer 7-8 years post construction payback period based on an average yield of 14% while investments in typical real estate assets offer between 17-20years payback period based on yield of 5-6%.
BEST PROFESSIONAL SYNERGY IN AFRICA
The project prides itself with a tapestry of diverse top professionals in architecture, engineering, interior designing, brand & marketing, hospitality, costing, finance and construction.

OCEANFRONT
A rewarding investment - excellent re-sale value with high yield. The scarcity of oceanfront properties allows it to retain value over a longer period as compared to properties in the city hub.

ECO -- FRIENDLY
The Oceanna is a mix of sculptural with evocative of nature. Rich, inviting and a shift away from the box, to something more organic, more natural.

A BRANDED EDIFICE
Brings significant attention to its owner, location and as a tourist destination it enhances its reputation as a location for business. It also showcases an attractive lifestyle

ROI Assumptions
 Hotel room rate has been conservatively used at the discounted N96,000/Night for purpose of analysis above with a 3% year on year increase
 Higher yield is earned on the non-discounted (actual) hotel room rate
 Occupancy rate is from minimum of 52% with annual increase of 7% in the 2nd & 3rd year of operation and 2% in the 4th year
 Hotel general management & maintenance cost is at 50% of the revenue generate
 Rental yield in Grade A residential properties in Victoria Island and environs is between 4%-6% per annum which is far below the yield of 14% obtainable at The Oceanna Hotel Apartments in the 1styear of operation
 Return on investment in The Oceanna Hotel Apartments is at an average of 29% per annum which includes average yield of 14% and year on year capital appreciation of 15%
 Investments in money market instruments - treasury bills, government bonds and time deposits give 18.5%, 13.5% and 12% respectively which are lower than the 29% returns obtainable in The Oceanna Hotel
 All costs have been considered in arriving at the average ROI stated above.

*Finishing costs is estimated between $15,000-$20,000

Our Partners
Grenadines Homes Limited has partnered with world class and renowned architects in creating Nigeria's most vibrant mixed-use communities, which will set an international benchmark for innovative development in the very heart of Lagos.
CAPPA D ALBERTO, HOK, BRASH BRANDS, MORGAN OMONITAN AND ABE, CA CONSULTANTS, TILLYARD NIGERIA, ECARD ARCHITECTS


For More Pictures on how The Oceanna is going to look like Please view this link
https://goo.gl/VgGN6A

Please Call: 07034727021, 08059320415 for more details and subscription

Thank You!
https://goo.gl/t27C2S


Property Details

Property Ref: 198523Added On: 28 Oct 2017Last Updated: 26 Sep 2019
Market Status: Not AvailableType: Block of FlatsBedrooms: 2
Bathrooms: 2Toilets: 3   

Interesting Facts

You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.

Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.

Leisure and Shopping

Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.

Popular Estates

1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.

1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.

There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.

Day Life

Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.

Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.

Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.  

Night Life

In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.

If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.

Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.

At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.

Schools

If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).

Read the full area guide for Victoria Island (VI), Lagos.

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