Mini flat (room and parlour) for sale
Luxury One Bedroom Flats. Off Plan
Alpha residence -- ikeja Luxury Short-Let Investment Opportunity Alpha Residence is a purpose-built luxury short-let apartment development currently under construction at 70 Mobolaji Bank Anthony Way, Ikeja --- one of Lagos' busiest hospitality and commercial corridors. The project is designed strictly for short-let income, targeting business travelers, expatriates, airline crews, and premium short-stay guests. Project Summary - 12 luxury one-bedroom apartments - Purpose-built for Airbnb & short-let use - 20-year lease income structure - Estimated completion: October 2026 - Professionally managed by Porch Housing Limited ⸻ WHY ikeja? - Close to the international airport - Proximity to major hotels & corporate offices - High year-round short-let demand - Easy access to Ikeja GRA ⸻ ownership options 1️⃣ Sole Ownership -- ₦40,000,000 - Full ownership of one apartment - 100% rental income - Flexible payment plans available - Discounts on outright or short payment plans 2️⃣ Tenancy in Common -- ₦9,000,000 - 5 investors jointly own one apartment - Rental income shared proportionally - Ideal for low-capital entry - Payment is outright ⸻ what the 20-year lease means - You are not buying the land outright - You earn income from the apartment for 20 years - You can rent, earn, sell, or transfer your interest - Lease renewal option available at expiration ⸻ tenancy in common explained - 5 investors × ₦9,000,000 = ₦45,000,000 - Each investor owns a legally distinct share - Rental income shared proportionally - Shares can be sold or transferred - Porch Housing sources co-owners and manages the apartment for the full 20 years ⸻ conservative income projection (IKEJA) - Average booking: 15 days/month - Average daily rate: ₦80,000 - Annual revenue: ₦14,400,000 Porch Housing deducts 30% for operations & management. The remaining ₦10,080,000 is shared among the 5 co-owners. ️ Estimated annual income per co-owner: ₦2,016,000 ️ This is a worst-case, conservative estimate. Once furnished to premium standards, daily rates are projected at ₦120,000+, meaning higher earnings. ⸻ WHY the 30% management fee? - Guest sourcing & marketing - 24/7 guest communication - Housekeeping & laundry - Maintenance & repairs - Utilities & facility management - Revenue reporting & protection - Brand & rating management Truly passive income High occupancy & pricing optimization Zero operational stress Note: Apartment management services are optional for sole owners. Owners who opt out will pay annual service charges. ⸻ Furnishing policy - Apartments are delivered unfurnished - Co-owners contribute equally for furnishing - If a co-owner defaults, Alpha Residence covers the cost - Amount deducted from revenue with 10% interest Limited Units Available Prices will increase as construction progresses.