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Update. Private Hostel Development In Western Region Of Nigeria, Profitable? - Properties - Nairaland

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30 Room Private Hostel For Sale In Delta State UnI Abraka.SOLD!SOLD!!SOLD!!! / Private Hostel Investors Club.(lands For Sale 4 Private Hostel Investment) / PRIVATE HOSTEL INVESTMENT( UPDATE.) 119.58% 1NCOME PROJECTION IN 5 YEAR (2) (3) (4)

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Update. Private Hostel Development In Western Region Of Nigeria, Profitable? by smlafolabi(m): 5:26pm On Sep 17, 2008
I am sure you already know about private hostel development, if you
want to invest your money in it, I am congratulating you , you are on
the right part, as you will have solid capital investment, also you
will be able to monitor the monetary inflow without dishonest employee
rubbing you of your money.

Private hostel development project are sub divided into 3 categories.
1, Micro project: involve building of 15 - 20 rooms with toilet
&bathroom and kitchen or general toilets and bathrooms and kitchen,on
a two plot of land. After complition, there will still remain space
for building shops or libuary, or smaller rooms for less priviledge
students. the rent goes for between #30,000 - #40,000 per annum for
self contain per room. ordinary rooms #15,000 - #20,000 per annum per
room.Rentage cost depends on neareness to campus.I advice you to go
for self contain because its hot cake expecially among campus big rich
babes. the rooms are usually being paid for before complition.

2,Mini project. Hostel accomondation of 45 - 60 rooms same rentage
as above but on a three plot of land. 2plot if its a storey building.
I advice bungarlow to reduce cost of decking.

3, Standard project. hostel accomondation of 140 - 180 rooms self
contains wings and general wings same rent as above, usually has
general library.

Project cost for Micro project,
The reason why I picked Akungba Akoko, Adekunle Ajasin Is that the
school is just undergoing rapid development , price of lands are still
cheap, I can get proffessoinal bricklayers for you localy at affordable
price, I have used them before in my previous project, they have been
tested and trusted.

Land, #150, 000 -
#400,000 per plot
Ruff estimate from scratch to complition including cost of land and
labour cost, is estimated to,#7000000- #8,000,000. you can spent 15% less
Than that building low quality hostels. Student goes for high quality hostels

The labourers needs professional supervision, as an engineer i will
supervise the job for you. the supervision fee is charged separately.

Other Universities you can invest your money are

University of Ado Ekiti
University of Ilorin
Federal university of technology Akure

I advice you after compltion to give the hostel management to local
hostel managers, there commission are cheap and they will monitor and
maintain your investment for you at a close range for student know how
to use there money very well on a house. student are made to sign
undertaking , if they spoil anything or dint comply with rules and
regulations set down , they will be evicted. I will recomend some that
are helping me supervise my past projects for you.

Thanks and Good luck

Best Regard,
Samuel O. Afolabi
08032888265
Re: Update. Private Hostel Development In Western Region Of Nigeria, Profitable? by okunoba(m): 11:12pm On Dec 02, 2011
@Samuel Afolabi, I Need to talk to u about this project. Whats your sype or face book details. AM okunoba on skype.
Re: Update. Private Hostel Development In Western Region Of Nigeria, Profitable? by femzone(m): 2:22pm On Dec 20, 2012
3 bedroom flat of 6 apartment on Emily Akinola st,akoka yaba

Very Close to Unilag.University of Lagos..

Tittle: C of O

Price:40 Million asking.

Perfect for hostel and Normal rental apartment.
You can what ever you want with it.


Call me for Inspection
07086270283 Femi

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