hi nairalanders

these are 2 different properties in jabi for sale, they are both by the lake side and consist of 12 flats of 2 bedrooms each. will one is serviced with generator, swimming pool and fitted kitchen the other isnt.

price - 600m and 750m

location - jabi

title - c of o

thanks

hakir

onivehu2000@yahoo.com

08069585568

more 750m pic

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600m pic

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So in short 50M - 60M per flat, i guess its Abuja sha, nice pictures best of luck with your sale sir.

N600 million shaaaa

seen this ppty myself though from the outside. the prices are very fair for that area though the client you consider something in the neighbourhood of 35M per flat. Jabi is the best area to live in abuja at the moment cos it seems like the only place where the masterplan was truely followed, drainages, green areas, nearness to nature, water, security, great layout, best of road system with functional street lights everywhere you turn. People are disposing their houses in maitama, wuse 2 to buy new ones in Jabi.

LET US DO SOME INVESTMENT ANALYSIS FOR PROSPECTIVE BUYERS (750m naira apartment).

the prospective buyers are either:

-DIPLOMATS

-INVESTORS (either group or single individual)



INVESTORS

the most appropriate investment for the flat is a SHORT LET.

from reconnaissance surveys from the various short lets in abuja, it has shown that 90% of the profound ones like SIGMA APARTMENT, PENNEL APARTMENT, BARCILONA APARTMENT, DOME APARTMENT all in wuse 2 and maitama are daily booked and sometime fully booked.

the price ranges from 25,000 - 70,000 naira for a 2 bedroom apartment.

jabi is a unique place in the sense that its contemporary, well infrastructured, and in a unique neighborhood with the likes of JABI LAKE to give an ambient feeling of sea side effect.

jabi lacks the likes of these apartment for SHORT LET.

THE SUBJECT PROPERTY IS OVERLOOKING THE LAKE WITH THE BEST OF SENERIO

the property will command about 40,000 - 50,000 naira per apartment per day

based on the assumption that the property was bought for 750m naira (which will finally depends on the negotiating power between the buyer and seller) and calculating on worst case senerio basis.

lets calculate based on 180 days for a year instead of 365 days i.e half a month occupation @ 40,000 per night and 12 apartment

40,000(cost per apartment per day) x 12 (apartment) x 180 (days to represent a fiscal year)

THIS WILL GIVE YOU - 86,400,000 NAIRA PER ANNUM

in less than 10 years the cost of investment has been recovered

and @ 75% occupation per annum it will be 129,600,000 naira per annum

SO IT IS A VIABLE INVESTMENT

hakir:

LET US DO SOME INVESTMENT ANALYSIS FOR PROSPECTIVE BUYERS (750m naira apartment).

the prospective buyers are either:

-DIPLOMATS

-INVESTORS (either group or single individual)



INVESTORS

the most appropriate investment for the flat is a SHORT LET.

from reconnaissance surveys from the various short lets in abuja, it has shown that 90% of the profound ones like SIGMA APARTMENT, PENNEL APARTMENT, BARCILONA APARTMENT, DOME APARTMENT all in wuse 2 and maitama are daily booked and sometime fully booked.

the price ranges from 25,000 - 70,000 naira for a 2 bedroom apartment.

jabi is a unique place in the sense that its contemporary, well infrastructured, and in a unique neighborhood with the likes of JABI LAKE to give an ambient feeling of sea side effect.

jabi lacks the likes of these apartment for SHORT LET.

THE SUBJECT PROPERTY IS OVERLOOKING THE LAKE WITH THE BEST OF SENERIO

the property will command about 40,000 - 50,000 naira per apartment per day

based on the assumption that the property was bought for 750m naira (which will finally depends on the negotiating power between the buyer and seller) and calculating on worst case senerio basis.

lets calculate based on 180 days for a year instead of 365 days i.e half a month occupation @ 40,000 per night and 12 apartment

40,000(cost per apartment per day) x 12 (apartment) x 180 (days to represent a fiscal year)

THIS WILL GIVE YOU - 86,400,000 NAIRA PER ANNUM

in less than 10 years the cost of investment has been recovered

and @ 75% occupation per annum it will be 129,600,000 naira per annum

SO IT IS A VIABLE INVESTMENT

Good analysis but will the apartments run themselves?. Variable cost of running which is almost like a 5 star hotel not factored in.

You are estimating 40,000 per night 

kai!!! these places are so nice ooooo. 
if i have money sef.
really nice place to live and i like the Idea of the lake.
Abuja is expensive and its worth it.


i understand the poster but in short, a lot of people are buying houses for 50million, not to talk of having 50M-60M be the price for just one small flat.
hmmm but it is in a very good area and by the lake, but thats a lot especially if whole houses are selling for that exact same price for one flat in an apartment.