ANALYSIS ON A RESIDENTIAL PROPERETY COMPRISING 6NOS. 2 BEDROOM FLAT, 4NOS. 1 BEDROOM FLAT AND 2 NOS. SELF CONTAINED AT BOUNDARY ROAD, NYANYA
1. ADDRESS OF THE PROPERTY

The subject property is located along Boundary Road Nyanya, close to Niger Delta Garden.

Access to the property coming from Abuja through Abuja-Keffi Express Way is a right turn immediately after the boundary between FCT and Nassarawa State popularly called checking-point.
2. DESCRIPTION
The subject property is a newly built block of flats comprising the following 12nos. accommodation types.
(i) 4nos. similar 2 bedrooms flat have 3 toilets each.
(ii) 2 nos. similar 2 bedroom flat with 3 toilets each
(iii) 3 nos. similar 1 bedroom flat with 1 toilet each
(iv) 1 no. 1 bedroom flat with 2 toilets
(v) 2 nos. self contained.
3. PHYSICAL INSPECTION

Our inspection reveals the followings;
- Massive gate for the security of the premises.
- Security House provided
- Well fenced compound
- Adequate parking space
- Access road network is not tarred but motorable

4. ACCOMODATION DETAILS

(i) 4 nos. similar 2 bedroom flat: Each unit comprises the followings;
Sitting room
2 bedrooms
Kitchen/ store
2 toilets and bathroom

(ii) 2nos. similar 2 bedroom flat: Each of this type comprises of;
Sitting room
2 bedrooms with all the room ensuite
Kitchen / store
3 toilets

(iii) 3nos. similar 1 bedroom flats: Each unit comprises of;
Sitting room
Bedroom
Kitchen
Toilet / Bathroom

(iii) 1 nos. 1 bedroom flats; It comprises of;
Sitting room
Bedroom (ensuite)
Kitchen
Visitor’s Toilet

(x) 2 nos. self Contained; Each unit comprises of;
A bedroom
Kitchen
Toilet / Bathroom

5. COMPOUND

The compound is fenced round with block walls and protected at the top
with security wire. Also, the compound is finished with
interlocking.


6. SERVICES

Borehole is provided for constant water supply while a dedicated transformer is provided for regular power supply from the main (PHCN).


7. NEIGBOURHOOD ANALYSIS

The neighbourhood is mainly residential development with other complementary activities such as commercial.

8. OPINION OF RENT

We have carried out a thorough assessment of comparable properties and the variables within the neighbourhood in respect of structure, quality; facilities, finishes and market forces to enable us arrive at the opinion of rent the subject property could command per annum.

The above rent opinion does not include service charge.

9. TERM

Considering the nature of the property market within the neighbourhood, 2 year rent in advance is readily achievable.

For further details call:Femi-08035085305,AB-08038265383,falabious@yahoo.com