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

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WHY IKEJA?
- Close to the international airport
- Proximity to major hotels & corporate offices
- High year-round short-let demand
- Easy access to Ikeja GRA

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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

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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

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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

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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.

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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.

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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.