Our highest offer so far is N180m

[b]I am the DIRECT agent to a block of flats in Ikota Villa, Lekki County Estate. It is made up of 4 units 3-bedroom apartments and 1 unit 7-bedroom penthouse.

Description:
* All master bedroom in the 7 Apartments are fitted with Jacuzzi, encased shower trails, befitting wash hand basins and mirrors in addition to other sanitary wares of a quality consistent with this type of luxury apartment.
* Two other Bedrooms in each Apartment in the total 7nos Apartments share one toilet and one Bath.
* Each of the Apartments has a guest toilet making a total of 3nos Toilet to each of the 7nos Apartment.
* All the Apartment kitchens are fitted with Cabinet Cooker, Heater /smoke expeller
* The building is complete with all electrical and plumbing fitting
* All apartments come with fully fitted kitchen with granite counter tops.

Facilities:
* All apartment are fitted with fire alarm system
* The walls are sound-absorbing
* The building is provided with two stair cases
* Telecoms & CCTV cable provision
* Two vehicular entrance gates to the premises
* Adequate parking spaces for at least 15 cars
* Borehole with water treatment plant

Premises: The premises is paved with interlocking stones and kerbed-work.

As I said, i am the DIRECT agent to this property, and i talk DIRECTLY with the landlord on phone. The price is N300m. Landlord is eager to sell and willing to listen to reasonable offers. Title is GOVERNOR'S CONSENT.

WHAT I WANT FROM YOU
I want a joint venture between both of us as agents of this property.
The only way we can get a buyer for it is by MARKETING it vigorously,
and this is where your funds will be very helpful. So I am seeking an
investor for this.
So what marketing strategies can yield immediate results?

-BANNER PHOTO ADVERTS on high-traffic nigerian websites eg
www.nairaland.com, www.ngrguardiannews.com, www.vanguardngr.com,
www.tribune.com.ng, etc. This way, MILLIONS of nigerians can view the
advert daily, and we will start receiving phone calls from interested
people.

-Facebook adverts since millions of nigerians use facebook.

-Photo adverts on nigerian newspapers

If we follow these strategies, we will certainly get a buyer for the
house, and the landlord will give me 5% of whatever amount the
building is sold, and we both share it 50:50. So if for example the
building is eventually sold for N300 million, we get 5% of that which
equals N15 million, and when we share it equally, each of us gets
N7.5 million. Simple.

You can reach me on 08131002053 or 08173046387 or ifyclose2@gmail.com
Thanks
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Negro1 question seconded..

Negro1: so how much will d whole marketin cost? N wats ur location. N how sure r u dt dis house can be sold

I'm in Ikoyi
As for the marketing cost, it depends on which website you are advertising on, and how long the advert will run. I will suggest running the ad for a month. Within that time we should get a handful of serious buyers.

On the average, anywhere from N120k to N300k (depending on the site) will be enough to run the ad on a particular high-traffic website for one month. Websites like www.nairaland.com, www.ngrguardiannews.com, www.vanguardngr.com, www.tribune.com.ng, etc are among the most-visited Nigerian websites and receive millions of visitors each month....one of those MILLIONS of people is certainly a buyer for this house.

I am sure the house can be sold....it is simply a question of EXPOSURE...the more people you expose it to, the greater the chances of getting a buyer.....there's absolutely NO WAY in the world an ad will be exposed to MILLIONS of people without a handful of them showing interest in it.

Fair enough. Am based in Abuja .Would give u a call as soon as I get a serious buyer

Someone thinks real estate is like selling pure water.

Pro02: Fair enough. Am based in Abuja .Would give u a call as soon as I get a serious buyer

ok thanks

Still on

Is the commission not 10% generally? why 5% now? what is the guarantee on the money?

Guarantor: Is the commission not 10% generally? why 5% now? what is the guarantee on the money?

for huge investments, it's usually scaled down to 5 percent....as for d guarantee that d money will be paid, we can sign an agreement with d owner if possible.

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Brand_new: Someone thinks real estate is like selling pure water.

i dey tell you

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x

What is the minimum rental income that can be generated from this property?

4 3 bed room units and 1 7-bedroom, yet you say 7 apartments??

shigidi: 4 3 bed room units and 1 7-bedroom, yet you say 7 apartments??

initially it was six units of 3 bedroom and one penthouse, making 7 apartments in total....but d landlord decided to combine apartments 5 and 6 and the penthouse together, making a 7 bedroom penthouse....but at d moment, he is reconstructing it to 4 units of 3 bedroom and 3 units of 2 bedroom....reconstruction will be completed in 2 weeks......so altogether, its still 7 apartments.

manie: What is the minimum rental income that can be generated from this property?

assuming you charge N2m for d 3-bedrooms and N1.5m for d 2-bedrooms....that's a total of N12.5m in rent per annum.....its definitely something around that range.

ifyclose2: assuming you charge N2m for d 3-bedrooms and N1.5m for d 2-bedrooms....that's a total of N12.5m in rent per annum.....its definitely something around that range.

N2M is not impossible around ikota. But it may be a bit of a stretch. 12.5M for a 180M naira porperty is a 15 year payback period. EXPENSIVE MEN!!!!

Current yearly rental value multiplied by 10 years is a more realistic selling price.