I Plan To Build 8 Units of Mini Flat Storey Building On This Land

This is a 300sqm plot size of land in Okunraiye Ibeju Lekki I intend to have a storey building on, with 4 units of mini flat (i.e Room & parlour self-contained) downstairs and another 4 units upstairs. It is basically for rental purpose.

I spoke with my Architect and Construction Engineer about it and they said it is possible. The architect is presently working on the design & the engineer after inspecting the site advised it will require a raft foundation to start with.

To the experience developers/homeowners here, I would like to seek your opinion on this.

Should I embark on this journey or I should just sell the land after at higher price after sometime?

IN ALL HUMILITY IF A CERTIFIED ENGINEER TELLS YOU IT WILL WORK AND ALSO AN ARCHITECT SAYS THE SAME SHOOT ON BUT WHAT I'M SEEING HERE IS THAT THERE WON'T BE PARKING SPACE

Xammie001:
IN ALL HUMILITY IF A CERTIFIED ENGINEER TELLS YOU IT WILL WORK AND ALSO AN ARCHITECT SAYS THE SAME SHOOT ON BUT WHAT I'M SEEING HERE IS THAT THERE WON'T BE PARKING SPACE

Thanks sir. He is trying to create a side drive in a way that will only accommodate 2 to 3 cars.

So, today I paid the architect to start with the design. Once it is out, I will share it with you guys here.

May Allah (SWT) see us through this process.

How much is annual rent for a mini flat in that community?
In as much as a raft foundation is going to drive up the cost of executing the project, I’ll suggest that you follow the advice given by the engineer.

MrOkenwa:
How much is annual rent for a mini flat in that community?
In as much as a raft foundation is going to drive up the cost of executing the project, I’ll suggest that you follow the advice given by the engineer.

Presently, a mini flat is valued at ₦250k per annum.

The Engineer advised that we go for raft considering the state of the land.

Yes as an engineer here younhave to go for a raft foundation since its a waterlogged land and provided its just a story building and not high or hightise building if yes you need to for a pillinh foundation ,if you need a competent engineer call or chat me on 08099212590 also i can give a full Bill of quantityfof your construction projects

babsdeen:


Presently, a mini flat is valued at ₦250k per annum.

The Engineer advised that we go for raft considering the state of the land.

And we got the architectural design of our 8 units mini flat (4 upstairs & 4 downstairs) storey building yesterday.

Next action in line is to get our Engineer on site to commence the interpretation of the drawings on site.

I really want to thank you all for the words of advice and encouragement on this course.

I will provide an update here once we commence work on site.

Comrade Nurudeen.

@OP

What's the estimated cost for this project?

Following

kdaddy:
@OP

What's the estimated cost for this project?

I am awaiting the release of the BOQ

We got the delivery of the structural design for the 8 units of 1 Bedroom Residential Apartments we intend to build in Okunraiye Ibeju Lekki Lagos.

And I have decided to name it La Paz Luxury Apartments meaning The Peaceful Place.
Bit by bit La Paz Luxury Apartments is becoming a reality & we are leaving no stone unturned!

To double check if the land can take the proposed structure, we conducted the soil test two weeks ago.

babsdeen:
To double check if the land can take the proposed structure, we conducted the soil test two weeks ago.

Wonderful! We are following.

We started with the setting out two weeks ago and we decide to call it La Paz Luxury Apartments

This is the excavation stage at La Paz Luxury Apartments

Following

Do you have the estimated cost for the project now?
Also, are you using the design you shared above?

Kizzon:
Do you have the estimated cost for the project now?
Also, are you using the design you shared above?

The BOQ we were given as at November 2023 can't meet the cost we will accrue now as cost of required materials has tripled now!