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Can N30 Million Build A Business Complex? - Properties (3) - Nairaland

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Re: Can N30 Million Build A Business Complex? by saajus: 6:58am On May 07, 2020
There are lot of scammers on Nairaland but there is a guy that many people here trust, his username is "spyder880". I have not personally worked with him but I have seen many of his successful projects in the South East/South South. I am not sure if he has really worked in the South West. The guy will properly advise you.
I am not a building expert but I think 30million Naira may not be sufficient
Re: Can N30 Million Build A Business Complex? by opalu: 6:58am On May 07, 2020
MY BRICKLAYER SAID I CAN BUILD A COMFORTABLE 3BEDROOM BUNGALOW FOR 3MILLION NAIRA
=============================
Client: How much will you charge for design and supervision of this 3bedroom apartment?
Me: Okay sir, send me your email, let me send you a bill.
Client: Ha, Architect. This bill is too much now. Okay, just do the design alone, I have a very good bricklayer, you don't need to supervise it again.
Me: Okay sir. But if we supervise the project for you, I can assure you that there will be value for money, quality job delivery and we'll help you reduce wastage of materials and cost of construction to about 30%. You will enjoy regular cost projection, proper negotiations, discounts on other materials, etc
Client: My bricklayer told me I can build the house for N3m. So, leave all those things you're saying.
Me: OK sir.
(We agreed on the design bill, he paid and we delivered a perfect job. He started showing everybody what we did for him).
(3MONTHS LATER)
Client: Architect, nawa for you oh, you didn't even ask about my building project. You can't believe that the bricklayer messed up the work for me. He changed many things on the design without telling me. He has wasted my money and materials. The house is not even looking like the 3D you did for me anymore. I have sacked him and I just decided to abandon the project for now. It's really annoying.
Me: Eeyah, I'm so sorry to hear this.
Client: I really need you to come to the site and help me see what 'we' can do to solve this problem.
Me: Okay sir. But I thought he was so confident that N3million will build the house. So, what has changed?
Client: See, just forget about that guy, he stole my Cement and had a bargain with the block supplier to be taking a cut on every block supplied to the site. I noticed that the blocks we bought initially were different from the ones supplied afterwards. When I complained, he said, I shouldn't worry, the blocks are strong. This is apart from the poor jobs he did for me.
Me: Wow. This is really bad. I'll call later to fix a time to meet you.
----------------
ENGAGE HIGHLY EXPERIENCED PROFESSIONALS TO BUILD THE HOUSE OF YOUR DREAMS.
Daystar Shelter Ltd, 08070809889

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Re: Can N30 Million Build A Business Complex? by 12345baba(m): 6:58am On May 07, 2020
Timothyoj:


Lol..na Wa o
na as e dey do me o
Re: Can N30 Million Build A Business Complex? by sirblend: 6:59am On May 07, 2020
Kingrexyl:
Lately I've been thinking of starting a business complex, 10 shops upstairs and 10 downstairs probably by January next year, so I want to ask if 30 million can do everything, including the roofing, tiles e.t.c, your advise will be appreciated.

N30million naira can't complete the building....

A solid foundation would cost you more than
5million.
Cement alone would cost you N3million or more.
Blocks....more than 10,000 PCs
Sand
Granite(¾ stone) at least 10-12 truck load (where I reside 20 tons is 75k. Granite is sold per ton.
Iron rods
Roofing
Windows and doors
Labour
Water
Tiles
Pipes
PHCN meters for each shops = 38k x 20=760k

The list is endless.

To be on a safe side, have 50m at hand to avoid abandoned project.

1 Like

Re: Can N30 Million Build A Business Complex? by EthiiDesign(m): 6:59am On May 07, 2020
To be very honest with you it all comes down to the design of the building, the cost of material being used and the size. 30m may work on an average design but a luxury design will be too much for just 30m. Talking from a point of view of an architect that has study for more than 10 years.

Hope you get what you're looking for

2 Likes

Re: Can N30 Million Build A Business Complex? by crackhouse(m): 6:59am On May 07, 2020
It can build an inferior and low budget plaza that's capable of collapsing and killing people in the near future.
Re: Can N30 Million Build A Business Complex? by Nobody: 7:00am On May 07, 2020
COMPENGRFRANK:
BRO I WILL ADVICE YOU DON'T DO BUSINESS HERE WITH ANYONE TILL YOU SEE HIM/HER FACE TO FACE.ALMOST 90% OF PEOPLE HERE ARE SCAMMERS SO BEWARE!!!



Big time scammers
Re: Can N30 Million Build A Business Complex? by Nobody: 7:01am On May 07, 2020
Kingrexyl:
Lately I've been thinking of starting a business complex, 10 shops upstairs and 10 downstairs probably by January next year, so I want to ask if 30 million can do everything, including the roofing, tiles e.t.c, your advise will be appreciated.

If you want accurate information, get a quantity surveyor. Doing an accurate costing of construction project is the job of a Quantity Surveyor. Unless u just want different inaccurate opinions on Nairaland... That's not the best.
Re: Can N30 Million Build A Business Complex? by Nnaetochukwu(m): 7:01am On May 07, 2020
Just meet a quantity surveyor to get you an estimate with a sketch of building plan
... And I'll like to advice you on this....., kindly start it now you'll definitely finish it

1 Like

Re: Can N30 Million Build A Business Complex? by edo3(m): 7:02am On May 07, 2020
This one don get his own share from part of the $315m abacha loots,, come dey ask us question..
Re: Can N30 Million Build A Business Complex? by Nobody: 7:02am On May 07, 2020
Nnaetochukwu:
Just meet a quantity surveyor to get you an estimate with a sketch of building plan
... And I'll like to advice you on this....., kindly start it now you'll definitely finish it

Lol... Such a coincidence that I just advised him on the exact same thing. Nigerians and free consultation ehn! cheesy grin

1 Like

Re: Can N30 Million Build A Business Complex? by WeRblessed(f): 7:03am On May 07, 2020
Don't forget to add parking lots, toilet and water supply.
Re: Can N30 Million Build A Business Complex? by RapistOnBail: 7:03am On May 07, 2020
arcahmad:
To be frank N30M is ok. I am an architect from north precisely katsina, you cannot compire the cost of construction between the north and south taken some factors in to consideration, ranging from nature of the soil, labour and cost of materials. E.g l used to buy a strong block 9'' at the cost of 110 naira, which l know is cheaper than in south. Also labour is cheaper there, mason #2000, while labourer takes home #1000. Etc. Finally my advise to you is that you can ask them to comes up with presentation drawing for you so that you can consult your architect may be in south or somebody with technical know how on building matters. Dont be deceived shine your eyes very well. I wish you all the best.
The Hausas are mostly trustworthy. Thank you for the advice
Re: Can N30 Million Build A Business Complex? by kaziblake(f): 7:03am On May 07, 2020
It can, that is if you already have a land.
Re: Can N30 Million Build A Business Complex? by SammyChi1988: 7:03am On May 07, 2020
Consult a building engineer... He has the answer.
Re: Can N30 Million Build A Business Complex? by Roon9(m): 7:04am On May 07, 2020
30M will get you a very decent structure. Only a civil Engineer would tell you this
Re: Can N30 Million Build A Business Complex? by Nobody: 7:04am On May 07, 2020
Obviously, none of the people replying had ever been involved in a building project. If you had, you will understand that gradual investment into the biulding project is the most cost efficient, unless you want to get ripped off by alot, or money is not your problem.

1 Like

Re: Can N30 Million Build A Business Complex? by ITbomb(m): 7:05am On May 07, 2020
It may since it is a straight building
Possibly 4 toilets (at both ends of the building),

but I will advise you.

After getting the structure done with roofing, start finishing with the ground floor, in case the money is not enough, you can start collecting rent to use for the remaining structure

2 Likes

Re: Can N30 Million Build A Business Complex? by monaPhilz: 7:05am On May 07, 2020
Kingrexyl:
Lately I've been thinking of starting a business complex, 10 shops upstairs and 10 downstairs probably by January next year, so I want to ask if 30 million can do everything, including the roofing, tiles e.t.c, your advise will be appreciated.
una get money oo. Bros use 3k do giveaway for me na.
Re: Can N30 Million Build A Business Complex? by Nnaetochukwu(m): 7:06am On May 07, 2020
Iamundisputed:


Lol... Such a coincidence that I just advised him on the exact same thing. Nigerians and free consultation ehn! cheesy grin

cheesy lol...it's actually the fact,I can't advice one not to start something,start doing it ,

I'm sure we are from same state grin
Re: Can N30 Million Build A Business Complex? by Joshmanfashion(m): 7:08am On May 07, 2020
Depending on the location, cost of the land and documentation may affect drastically. Help a brother in need this trying time please I. J. S. UBA 2063871911 God bless you.
Re: Can N30 Million Build A Business Complex? by Adegunle4(m): 7:09am On May 07, 2020
Lol...Oga you and dis copy and paste sontin grin grin

opalu:
MY BRICKLAYER SAID I CAN BUILD A COMFORTABLE 3BEDROOM BUNGALOW FOR 3MILLION NAIRA
=============================
Client: How much will you charge for design and supervision of this 3bedroom apartment?
Me: Okay sir, send me your email, let me send you a bill.
Client: Ha, Architect. This bill is too much now. Okay, just do the design alone, I have a very good bricklayer, you don't need to supervise it again.
Me: Okay sir. But if we supervise the project for you, I can assure you that there will be value for money, quality job delivery and we'll help you reduce wastage of materials and cost of construction to about 30%. You will enjoy regular cost projection, proper negotiations, discounts on other materials, etc
Client: My bricklayer told me I can build the house for N3m. So, leave all those things you're saying.
Me: OK sir.
(We agreed on the design bill, he paid and we delivered a perfect job. He started showing everybody what we did for him).
(3MONTHS LATER)
Client: Architect, nawa for you oh, you didn't even ask about my building project. You can't believe that the bricklayer messed up the work for me. He changed many things on the design without telling me. He has wasted my money and materials. The house is not even looking like the 3D you did for me anymore. I have sacked him and I just decided to abandon the project for now. It's really annoying.
Me: Eeyah, I'm so sorry to hear this.
Client: I really need you to come to the site and help me see what 'we' can do to solve this problem.
Me: Okay sir. But I thought he was so confident that N3million will build the house. So, what has changed?
Client: See, just forget about that guy, he stole my Cement and had a bargain with the block supplier to be taking a cut on every block supplied to the site. I noticed that the blocks we bought initially were different from the ones supplied afterwards. When I complained, he said, I shouldn't worry, the blocks are strong. This is apart from the poor jobs he did for me.
Me: Wow. This is really bad. I'll call later to fix a time to meet you.
----------------
ENGAGE HIGHLY EXPERIENCED PROFESSIONALS TO BUILD THE HOUSE OF YOUR DREAMS.
Daystar Shelter Ltd, 08070809889
Re: Can N30 Million Build A Business Complex? by PropertyBuying(f): 7:10am On May 07, 2020
drmikeadams:
grin grin angry

Where is d location?? Why not students lodge?
The is a good advice. You should look in this area.

1 Like

Re: Can N30 Million Build A Business Complex? by sirblend: 7:10am On May 07, 2020
Seunaj05:
For the actual building itself you don't even need 30 million. If it's just complex without any serious interior furnishings, 15 million should do the magic. However, you will need a minimum of 100 by 150 meters for the structure, 50 by 150 will also work if you don't mind an ample parking space. The cost of the land itself can be a challenge depending on the location you want. Getting a plot of land in fairly promising location can cost you around 15 million and above. Goodluck in your choice

Lol
N15M shocked

He needs more than 1500/2000 bags of cement for the building.
Iron rod at least 1.5m to 2million
More than 10k 9inches blocks....
Granite....more than than 10 truck loads(¾ stones). A 20 ton truck load is around 80k.
I am not an engineer, but I once on many occasion supervised a building project.

15m will and can never be enough. Please don't mislead him..Before he abandoned his project.

2 Likes

Re: Can N30 Million Build A Business Complex? by adonainana: 7:11am On May 07, 2020
Why dont you build a a school instead,

It will built in the same format, 10 rooms upstairs or however you want it, the rooms would just have to be quite spacious enough

The benefits of a school is that it does not require that you have finished plastering the building before you can be able to admit students.

More or less the students school fees will help you complete and finish the building so far you have passed the roofing stage.

Other benefits also include no maxima amount of income you can forecast for, so for instance if you forecaseted for 200 students and you eventually get 300, it just means more money for you.

Although both business complex and schools are both commercial properites i.e both properties will be making more for you every month or year or however, the return on investment for a business complex is lower.

Imagine having a business complex with 15 shops, and each tennat pays you 100k per year which is on the averge if we are being honest.

Thats 15 times 100k which is 1.5 million naira for one year revenue

So the payback period of what to build with 30 million naira is (30 million naira divided by 1.5 million naira ) which is 20 years

So if you go ahead and build the business complex today, it will take you 20 years to make the original 30 million you invested in it.


Hence why you must go for a secondary school option or a hotel

Some private secondary schools make swim in money for these same obvious reasons

If you cant make your mind up between a school or a business complex, get a good location near a university or a tertiary institution close to the main road and build a HOTEL there. Let it have a small bar and lounge too... Your 30 million is even more than this budget

You will make bastard money

Its not exactly the name of what you use the 30 m for. It is exactly the type of investment you use it for and what you are comfortable you will receive from it even before you started.

Dont make the same mistakes Most nigerians make before they undergo a project, a finanacial revenue forecast and the pay back period ( which the amount of years the property will pay back the 30 million naira investment plus inflation )

For a building complex, it can take 5- 10 years cos trust me not all the shops will be filled with tennats and sometimes trust me the money they will pay as tennats will be nothing to write home about.

For a school, the pay back period will be close to 2 years cos remember, you will have to grow the name and invite new students in and offer a good service. Any one who went to a good school should be able to run a good school too.

Hotels payback can be in less than 6 months, i have seen someone come to a hotel and deposit 1 million there and said he was doing his birthday and said everyone should buy whatever they want. So you can imagine just 1 night oooo, but its not everyday will be xmas but you can imagine how much stupid money hotels can make

I have investments in all of these 3 businesses above, so talking from experience which is the best teacher

My 2 cents bro

Barrister Samuel Eluyefa
+234 81 437 533 27

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Re: Can N30 Million Build A Business Complex? by Adegunle4(m): 7:12am On May 07, 2020
Roon9:
30M will get you a very decent structure. Only a civil Engineer would tell you this
Lol...Civil Engr?...are you for real?
Re: Can N30 Million Build A Business Complex? by ScotMisile: 7:13am On May 07, 2020
As an Estate Surveyor, I strongly advise you meet a Quantity Surveyor. They are the cost accountants in the construction industry.

Perfect at all forms and categories of pre-construction estimates and analysis.

IdI be surprised if you take advise from the same people you know as scammers on Nairaland.

2 Likes

Re: Can N30 Million Build A Business Complex? by MexManuel(m): 7:13am On May 07, 2020
Kingrexyl:
Lately I've been thinking of starting a business complex, 10 shops upstairs and 10 downstairs probably by January next year, so I want to ask if 30 million can do everything, including the roofing, tiles e.t.c, your advise will be appreciated.

30 million will not deliver even the building skeleton.
If you have a land already, and it is in a good location, what should be done to is to develop it in phases and have it all rented out before completion so that you use the added resources to deliver it.

As an architect, I can help you come up with a cost efficient modules in which early rentage might help pull in enough resource to complete.
Re: Can N30 Million Build A Business Complex? by banio: 7:14am On May 07, 2020
Kingrexyl:
You can type everything here


You don't want to be dumped. Wise man
Re: Can N30 Million Build A Business Complex? by micky22: 7:14am On May 07, 2020
Yes it can, but depends on the size of complex you are aiming at. Depending on location, can afford you twin one storey building or four bungalows at a minimal and cost effective construction method.
For the number of shops you are specifying. It can be achieved with your 30million sir.
But that excludes the acquisition of land, especially if it's such as Lagos where cost of lands are on the high side.
Meanwhile you can consult me for your building and civil design and construction. Pm me if interested
Re: Can N30 Million Build A Business Complex? by sirblend: 7:15am On May 07, 2020
jasmine1600:
Hope land is excluded?
Since it’s a floor building.
30m will b ok for the job.
I have handled done such project.

May be you handled such project way back in the 70's..
Or
You want him to build with sub-standard materials that would lead to building collapse.
Re: Can N30 Million Build A Business Complex? by festivial: 7:17am On May 07, 2020
Wow nice concept.I saw only architectural advises without a building engineer advise.dnt mins those architect they had stepped beyond there structured work as an architect, it's d work of an architect to draw and later engineer takes up d rest to build.the only thing architect needs to do is come over to just inspect d construction while the engineer is building the structure. Bro,number one thing is,is d land available for building? Is the 30m not part of buying d land? If yea! Is it in developed city or rural area and if no it won't be enough. But....u can contact a reliable building company....intact they can build more than the money u budgeted and asked u to pay certain amount and thereby u might split d money for over several years to pay back d payment they incured on the building. Eg...they can build for u an edifice of standard structure of a shopping complex worth 50million above and u can just pay them 20million after completion and split d rest Om d years to pay the rest of d money.leaving u with extra cash of 10milliom to use in making d payment for few years and during d years later u gather yourself to pay d balance of 30million splited on a stipulated period with ease. In fact I can stand in for u in some areas. Am an engineer and ready to help your dream. contact for help;09019750859 (whatsap). Intact I can be of help.and u will be glad u did. Note: u ll verify the company recommended before you start d bizness. I think outside the box......peace.

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