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Nairaland Forum / Nairaland / General / Properties / Student Hostel Development: A Sure Way Of Making Money (29453 Views)
Student Hostel For Sale (WITH PICTURE) @ Unilorin Rd. Ilorin, Kwara State / Property For Sale In Owerri - Good For Fast Food, Student Hostel Or Hotel / Building A Student Hostel : Profitability And Challenges (2) (3) (4)
Re: Student Hostel Development: A Sure Way Of Making Money by MrMcJay(m): 6:33pm On Oct 02, 2014 |
Well, another option that could be explored is the Build, Operate and Transfer partnership with the preferred Higher institution. You can approach the school for land to build the hostel on. The arrangement could be that you get allocated the land for free and then build with your funds. after an agreed period of time (say like 15-25 years), the ownership and control of the hostel reverts to the school. I am aware that lots of Federal Universities enter into this sort of arrangement and are very open to more of such. Secondly, for investors resident in Lagos, they should beam their searchlight on the Federal University of Agriculture, Abeokuta. The school has an extremely limited number of on-campus accommodation for its students. Hence, there is a huge demand for off-campus accommodation. Also, supervision in this area is easier due to its proximity to Lagos. Besides, cost of building materials here is cheaper due to abundant stones and sand in the surrounding quarries as well as cheaper cement from the Dangote and Lafarge Cement factories. Well, I know this because I have been involved in similar projects in the area. 1 Like |
Re: Student Hostel Development: A Sure Way Of Making Money by zicoisaac: 10:42pm On Oct 02, 2014 |
Hello, We are Confidential Realtors Ltd...the complete property service. We are Now Letting Ti Hostel. A 23-Room self contained serviced apartments located @ Odo-Ona elewe, New garage, Ibadan. Type 1: Double Room Single Occupant is N250k. Type 2: Single Room Single Occupant is N225k. These include the services except PHCN bill. Purposely built for Bankers, Staff of Multinationals, Lead City Students, Short Let\Contractors on temporary Assignment in Ibadan, P&G, Bat, etc. Facilities includes All rooms ensuite and well finished, Toilets and shower finished in beautiful colour, Kitchenette with marble tops in each room, wardrobes in matching colours, Hot water supply, fully gated with security staff 24\7, CCTV Monitor, Independent water supply, Back-up Power supply, Porter\reception, Imported security door for each room & prepaid meter for each room. For further Enquiries&sighting: pls call Samuel-08134595718 Akin-08134560286, Balogun-07063616580. https://www.nairaland.com/1913888/now-letting-ti-hostel-ibadan#26501827
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Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 11:22pm On Oct 02, 2014 |
Sweet to say, come to reality |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 11:58pm On Oct 03, 2014 |
o |
Re: Student Hostel Development: A Sure Way Of Making Money by mkoabiola: 12:06am On Oct 04, 2014 |
9ce n gud investment any day any tyn |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 10:33am On Oct 04, 2014 |
Barka da Sallah to all. |
Re: Student Hostel Development: A Sure Way Of Making Money by aariwa(m): 4:58pm On Oct 04, 2014 |
d |
Re: Student Hostel Development: A Sure Way Of Making Money by veron007: 12:54pm On Oct 05, 2014 |
20pounds: 20pounds I agree with you my main concern with investing in student accommodation is collecting the rent. The thought of leaving my day job to go and case students + cult member around is not appealing . The only thing I can think of is to build high end self contained apartments and rent it only to ladies. What do you guys think? 2 Likes |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 1:33pm On Oct 05, 2014 |
veron007: Nobody pay rent pass single ladies. Try it and you won't regret. Build high end self-contains for them with large bedroom, kitchen and bathroom. If you do this, you won't regret. Just a little secret that has kept me on my feet as an estate developer. ( Don't share ) 1 Like |
Re: Student Hostel Development: A Sure Way Of Making Money by MrMcJay(m): 9:31pm On Oct 05, 2014 |
20pounds: Very true. In Obafemi Awolowo University, there is a BOT arrangement between some private developers and the school management to build student hostels. I tell you, not a single room has been built for male students. All the rooms in the various complexes are for female students. This is so profitable that even the Anglican diocese of Ife had to invest in this by building a female students hostel complex. 60K per bed (as at 2012), 2 beds in a room, about 30 rooms in all. There are about 8 different hostels with the least charging 100k per room. The irony of everything is that most of these hostels are fully subscribed to before even completion. Information is money o! 1 Like |
Re: Student Hostel Development: A Sure Way Of Making Money by aariwa(m): 1:39pm On Oct 06, 2014 |
47 ROOMS HOSTEL SELF CONTAINED FENCED WITH GATE AND WATER FACILITIES IS FOR SALE AT UNIZIK PERMANENT SITE AWKA.CONTACT THE ATTORNEY IN CHARGE ON 08037747972. |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 9:18am On Oct 07, 2014 |
g.morning |
Re: Student Hostel Development: A Sure Way Of Making Money by jpphilips(m): 2:24pm On Oct 08, 2014 |
segzy14: Have you ever gone to collect rent from cultists before? have you considered that since the school has infrastructural deficit like you alleged, they may still be in their temporary site, what becomes of your building when the students move? The schools gradually make up for this infrastructure gap by building their own hostels, you may take a trip to NAU and ESUT for more feasibility studies, all that glitters is not gold. |
Re: Student Hostel Development: A Sure Way Of Making Money by jpphilips(m): 2:26pm On Oct 08, 2014 |
aariwa: Why are you selling yours when the OP is creating the impression that the business is a money spinner with all the fine English he supported it with? |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 11:22pm On Oct 13, 2014 |
... |
Re: Student Hostel Development: A Sure Way Of Making Money by drsalaks: 10:45am On Oct 26, 2014 |
Are you sure 3.5 -5 million will build 10 room hostels. What type might that be, face me i face you? or what model? And in what part of Nigeria could that possibly be?. I have invested in similar projects for Unilorin Students and planning more, so am very interested if you can really deliver on the kind of prices you are quoting. I mean, land alone close to most schools could cost close to that! segzy14: |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 7:38am On Nov 01, 2014 |
Happy new month welcoming u all to the month of November may Almighty God make us witness the rest of the year in good health and wealth. From: SAMUEL AJOSE ENGINEERS LTD |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 7:04am On Nov 10, 2014 |
drsalaks: Cost of land not included please. |
Re: Student Hostel Development: A Sure Way Of Making Money by Fajzay: 11:13am On Nov 12, 2014 |
veron007: Are there no lady cultists?? lolz |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 7:26am On Nov 21, 2014 |
. |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 11:40pm On Dec 24, 2014 |
“We are glad to know you prefer us. We hope you have a merry Christmas in advance.” |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 12:04am On Dec 25, 2014 |
“We always work thinking of all of you, and on such a special season we have you in our hearts. A merry Christmas to all our clients.” |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 9:15pm On Dec 25, 2014 |
segzy14: |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 7:02am On Jan 01, 2015 |
Re: Student Hostel Development: A Sure Way Of Making Money by sonety2k(m): 4:39pm On Jan 02, 2015 |
MrMcJay: Thanks for the info and hope to check it out , |
Re: Student Hostel Development: A Sure Way Of Making Money by sonety2k(m): 4:44pm On Jan 02, 2015 |
dukeagape: Please whats the name of the hostel that charge 115k and can we have a look at pictures of the building Thanks sonetauto@yahoo.com |
Re: Student Hostel Development: A Sure Way Of Making Money by ChimeduHF: 5:31pm On Jul 22, 2016 |
A lot has been said about the issues average Nigerian undergraduates have in getting decent accommodation in or around the campus. I and friend thought about it, and came up with a way we believe that helps manage the situation. Since most real estate investors are wary of investing in building new and affordable hostels around Nigerian campus, mainly because most are not disposed to the trouble that goes with collecting rent from students, we then went around it, to create a platform that helps students manage more effectively the hostels available. It does two things mainly, 1: A student can get to share his/room on a short or long term with other students both old and new. 2: They can make small money from rent these users may pay him/her. E.G. A jambite living in Lagos may have applied to study in UNN. He/She knows nobody there or may even have uncles and aunts that live far off the campus. During his POST UME exam, such a student can conveniently come to the platform and search for students willing to share their room on a short let. He/She can just call, after viewing the room. The same goes for students looking for room mate. For the students who owns the room, they can use these easy steps to upload their rooms on the platform Designed with basic concept but with full functionality Just follow these 5 easy steps. 1: Log on to www.hostelfinder.com.ng and register. (takes approximately 20 seconds) 2: Login to the platform and go to your profile by clicking on your name 3: Go to the submit hostel section, take pictures of your room (Focus on the selling point) 4: Name your price and upload. 5: Wait for calls. Isn't that cool? SIMPLE AND TOTALLY FREE So the next time your on on holiday, IT break or just broke and needs little cash, Log on to www.hostelfinder.com.ng and make some money. We strongly believe these will help build a better community of students and help save the parents some money and peace of mind. |
Re: Student Hostel Development: A Sure Way Of Making Money by Nobody: 6:46pm On May 19, 2019 |
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