Property for sale in port harcourt city.

10 studio flats along Aka road off wimpy road port harcourt.
Fully rented out to tenants with rental of 2016 to be paid directly to new owner accounts when purchased.
land is over 600msq with certificate being a deed of assignment.

Road leads to Saipem Construction Coy, Eagle cement, Nigerian Navy quarters.

Price of the property is N 10,000,000 only. (Rent for this year will be over N 1,300,000)

Contact 07012291228

A few current property analysis question that should be asked and researched before buying any investment property in the Garden City of Port Harcourt


Q 1: What documents does the property have currently in existence... C of O or Deed of Assignment? Very important!!!

Q 2: What are the companies, schools and firms that are within the location and what plans of development is in place for it?

Q 3: Is there a high or low demand for these kind of property that you intend to buy?

Q 4: Is the Property above or below current market price within that vicinity? based on properties currently sold and not just based on a quantity survey alone, which should only be considered as a guide not the true value.

To take away the emotional or hyped way of buying properties, firstly secure yourself from scams and error with the first question.
Then consider the geographical location and demography of the surrounding vicinity where the property is, these will give you an idea of the type of property that's in high demand (always rented out).

Pricing is also important so as to buy at a good market price (best if it's below the market price). But it shouldn't come first rather Its more of an attention grabber. But still get it at the right price if its a very good deal.

My 2 kobo opinion

I tried calling this number a couple of times. It never went through

babestell:
I tried calling this number a couple of times. It never went through

you can send me a text and I'll get back to you, I believe it must have been network issue. or send me a mail at 3ripple@gmail.com

A few Guidelines

Realise your Dream of Investing in Property

It must be a daunting prospect for a young person nowadays to start investing in property. Nevertheless, one should not limit yourself to alternative investments if you cannot immediately afford a deposit on a property, or if you do not qualify for a loan. There are important “building blocks” to be followed in making this prospect achievable.

Someone once said "You can only create investment options if you are successful in saving money"... but I'll also add that you can do nothing in property investment, with all of your desire, all your knowledge, with your little or large paycheck if you already don't have a savings target to investments purpose. In this current situation pressing the country, many must have noticed that everyone is trying harder to get money from your pockets without asking you for it, from all your gsm operators down to your savings account. (currently to save money in the banks will cost you more than the usual) but the watchword to know is saving with a purpose.

"Be creative, make better use of available time, and look for opportunities to exercise your passions and skills"... Many of us must have heard of the term "job security" but from the large downsizing rate of staffs seen going on in the Oil Firms and Servicing companies worldwide since the drop of Oil price to $27 and how Nigerian banks are at it also. Your basic salary gotten from job security is nothing but a false security". One of the principles to follow as an investor is to try as much as possible to generate more income streams for yourself that can match and surpass your current income.

"Read Read Read"... As much as you can, its important that you keep yourself at the edge of real estate information locally and internationally. Even if your passion is just a dream away, make it a hobby, passion and habit. Whatever information you gather either in books, magazines or from other investors will one day be useful when you begin your journey in properties


This piece of information is vital for the young big thinking investors in the room. Dream big! and don't ever limit your capability but it is also good to know that "there is nothing wrong with starting small". This will make your goal much more achievable, it could reduce your risk, enlarge your potential tenant market, etc. Forget about higher priced properties at first. Do not make the mistake by thinking that you need millions of Naira to enter the property market. Do not feel bound to rather invest your available money in other investment products than property, only because your vision is limited to the large or expensive picture. only bear in mind that there is always a way around the problem you encounter, you just have to start looking for the solution.

babestell:
I tried calling this number a couple of times. It never went through

Hello Babestell, I can be reached via (07012291228) not "080". Let me know how I can also reach you through this thread, so that we can discuss on it. I tried sending you a mail through this forum but don't know if you received it.

BEST PRICED INVESTMENT PROPERTY IN THE HEART OF PORT HACOURT CITY

Six one bedroom flats(6 flats fully accommodated)
Fenced with installed borehole.
Currently rented@ N 250,000 per apartment.
Available Documents : DEED OF CONVEYANCE.
Current rent can be transferred to new landlord if bought within this month.
Located at Ada George axis.

Plot size, 432m²

Now the price is .... N 12,000,000 only
Return on Investment.... N 1,500,000 (12.5%) considered to be a good return.
Area has a growing population with a growing property cost and rental rate between 15-25% annually