For sale: Luxury 23 Units Studio Apartments With Swimming Area

1 bedroom Flat & Apartment For Sale Sinai Daranijo Street Victoria Island Lagos selling for ₦64,000,000. See property details on PrivateProperty.com.ng or browse all our range of properties in Victoria Island Victoria Island Lagos

CW03467
The Autograph Extended Stay

Operating as a hospitality enterprise, the Autograph Extended Stay allows willing Investors to own apartment units managed by a reputable hospitality brand and earn appreciable income upon operation. The Autograph Studio Apartment includes generous studio space with an en-suite bathroom, living area, stylish ceiling designs, a modern-day fitted kitchenette, a fully furnished bedroom, and electronic appliances. The Apartment boasts of accessible WiFi and other fittings including the latest statement air conditioning system, wardrobe, and smart features.

Investment Benefits
1. Resale option is available as an exit for Investors looking to sell either all or part of their Units after the operation commences.
2. Group ownership is allowed, subject to a maximum number of 3. Where Cruxstone brings parties together, Cruxstone will be obliged to ensure that the returns are shared optimally and by the ratio of their investment. Their Title document will also specify these names and ratios.
3. Investors will hold a gold card which allows them, as preferred Customers, to get discounts for all they purchase at the property.
4. Unit owners at the Autograph would enjoy a free week stay, without having to pay and can be at any time desired, in the year. However, every other stay must be fully paid for, but at the agreed discounted value for Investors.
5. Where an Apartment is co-owned, the free one-week stay will be shared over several days between them, depending on the ratio of their investments.
6. There would be a day for an Annual General Meeting, which will be anchored by an appointed External Auditor.
7. Mortgage facilities and Early Equity Release options are available to Unit Owners who may be interested, at different points (terms and conditions apply). The ROI/receivables can be the first source of repayment if so desired.

Projected ROI
Assured; based on projections by the Hospitality Management Brand of The Autograph are a minimum occupancy of 60% per annum (220 days) and a double-digit percentile ROI per annum.
NB: The above are projections based on the authority of the Hospitality Management Brand and are based on current market realities. Therefore, they are subject to market dynamics. However, guaranteed is a minimum 10% ROI per annum on any apartment unit purchased by an investor.

Why You Should Invest in The Autograph
• Since the turn of the 21st century, traditional structures like yellow cabs are beginning to fizzle out as Uber and other cab-hailing systems now.
• Such changes have also become the narrative in the hospitality sector with the advent of Air BnB, Shortlet Apartments, and Extended Stays. These fast-rising apartments now dominate the market, as people do crave a “home away from home” experience, with offerings suitable for a quick-paced contemporary lifestyle.
• The Autograph Extended Stay will allow willing Investors to own apartments managed and operated by a renowned world-class hospitality brand that would deliver high yields on the asset with projected double-digit percentile earnings.
Become part of a community of Investors poised to earn a long-term appreciable stream of income.
Why wait? Invest Now in The Autograph!

Features
Spa & Sauna
Swimming Pool
State-of-The-Art Gym
Tennis Court
Smart Home Enabled
Valet parking
Maid Service App
CCTV Cameras
24hrs Security
Health Station
24hrs Power Supply
Mini Mart
Outdoor Lounge
Restaurant
Meeting Room

SIZE: 38 sqm,
NO. OF UNITS: 23,
OUTRIGHT (N): 64,000,000.
6 MONTHS PLAN (N): 65,500,000.
12 MONTHS PLAN (N): 67,000,000;
18 MONTHS PLAN (N): 68,500,000.
24 MONTHS PLAN (N) / PROJECTED VALUE UPON COMPLETION: 70,000,000;
OCCUPANCY PROJECTIONAVERAGE DAILY RATE (N): 60,000.
PROJECTED GROSS AVENUE @ 60% OCCUPANCY (N): 13,200,000.
PROJECTED REVENUE LESS RUNNING COST (30%) (N): 9,240,000.
PROFIT PERCENTAGE BASED ON MINIMUM PROJECTION (%): 10 – 13%