Investing in the real estate market of Lekki Phase 1 is full of options, each as beneficial as the other. So with numerous choices, one has the posh of finding the right fit as per personal interests, understanding, financial requirements and other aspects. Serviced apartments investment is one of the options on the table, which offers its distinct set of attractions and considerations. One can make use of this sector to good effect after understanding what the industry is about.
Lagos luxury property developer, PERIWINKLE Residences Limited, developers of the PERIWINKLE Lifestyle Estate have announced the launch of its low rise apartments, ‘Château D’Avenue’, in its mini-city located at the Lagoon District of Lekki Phase 1.
The exquisitely designed two-bedroom apartments come with additional staff quarters and offer views of the iconic Lagos Lagoon. The official launch will take place on 29th October 2020 and PERIWINKLE is offering prospective buyers a chance to pay for the property in instalments of 24 months with an initial deposit of 10 million Naira.
PERIWINKLE’s latest project comes as a response to the growing demand for accessible luxury in the region. Château D’Avenue is strategically located within a master-planned community of PERIWINKLE Mini City and offers world-class amenities such as a swimming pool, a children’s playground, and a fitness centre, among others. Owing to its location in one of Lagos’s most coveted neighbourhoods, residents will also enjoy the best of shopping, dining, and entertainment experiences in their vicinity.
“PERIWINKLE Residences Limited is making excellent progress with our development at the PERIWINKLE Lifestyle Estate. The development of Château D’Avenue is accelerating and we are commencing construction at the beginning of the fourth quarter” said Barr. Chiedu Nweke, MD/CEO of PERIWINKLE Residences Limited.
Speaking at the announcement, Barr. Nweke said, “We are thrilled to present Château D’Avenue, PERIWINKLE’s latest offering in the premium living segment. Lagos’s real estate market is evolving fast, and there is a growing demand for accessible luxury homes. Château D’Avenue offers the perfect combination of great location, life-enhancing amenities, PERIWINKLE’s unmatched quality, and value for money. We hope that our customers take advantage of the incredible launch day offer when we officially launch the project on the 14th of September.”
The development comprises facilities which include a pool within the estate, entertainment areas and dedicated jogging & cycling lanes. Landscaped surroundings with hi-speed internet and 24-hr security cameras.
Lekki Phase 1 remains a very significant marketplace for us and we are confident that the location of our mini-city will prove very attractive to customers.
Al-Mansour Engineering is the main contractor for all the construction currently going on in PERIWINKLE Lifestyle Estate and Chateau La Riviere, another PERIWINKLE Residences Limited project in Ikoyi, the highly sought after area of Lagos. Chateau La Riviere will be launched alongside various other projects by PERIWINKLE Residences Limited before the end of Q3
The launch of Chateau D’Avenue comes at a time when PERIWINKLE is focused on completing its current pipeline of development projects. Earlier this year, the developer has successfully started projects 100 homes in PERIWINKLE Lifestyle Estate; and is preparing to hand over more than 150 units in the coming months and year.
PERIWINKLE Residences Limited has unveiled Nigeria’s Reality TV show stars and ‘BBN Lockdown edition duo’, Mr Ozoemena Joseph Chukwu (Ozo) and Miss Nengi Rebecca Hampson (Nengi) as It’s newest brand ambassadors. The much-loved housemates of the just concluded BBN Lockdown edition, who were known for their affection towards each other have been named the firm’s brand ambassadors.
The rental returns on premium real estate investments in Lagos properties are at least three times higher than having cash in the bank according to the Lagos luxury real estate developer, PERIWINKLE Residences Limited.
The average rate of interest on a six-month fixed term deposit at a financial institution is between 2.5% – 3%, compared to rental yields in Lagos of between 7-12%, according to an advisory report by a leading advisory company.
The business of serviced apartments, several estates in Lagos have sprung up in recent times to make up for infrastructural gaps experienced in the country. Gaps such as lack of uninterrupted power supply, 24hrs security, clean and treated water etc.
The word “Interior” means the ‘Internal or inner part of something’, while “Decorate” means the act of making something look more attractive by adding an unusual number of images or items to it.
Therefore, Interior Decorating can be defined as the process of putting in conscious efforts in beautifying something. Streamlining it to a home, interior decorating of a home can be referred to as the process of accessorizing a residential home in line with a client’s personal preferences and styles. This process includes selecting colour schemes, flooring materials, furniture, art-works and accessories which automatically transforms an area or space into a ravishing and budget-friendly design. It is also the process of furnishing a space with fashionable things while working within its functionality.
While looking for properties for sale in Lekki, you should also not fail to do your due diligence and look out for what is considered to be of utmost importance; Property Title.
You may have heard of terms like Land Title, Certificate of Occupancy, Governor’s Consent, but many do not understand what each means or their differences. If you intend to acquire a property, especial properties in Lekki Phase 1, which is one of the most desirable locations in Lagos, you must know about property titles. It is also important to know their differences, what is required, and if your desired property has such Title.
Real Estate in Nigeria is an ever-increasing-in-value investment. A few know about this basic fact and have been drinking from its profitable stream. Today, many people are very sceptical about venturing into real estate investment due to a number of factors. However, Expert Properties states that “real estate has many advantages over investing in stocks, bonds or mutual funds.” Certain Nigerians already know this and have since dived into this money-generating sector.
Lagos – the commercial capital of Nigeria is the most populous city in Nigeria and entire Africa. Lagos is the haven of real estate investment in Nigeria due to its fast population growth and robust commercial activities. Lagos is also one of the fastest-growing cities in the world.
Lekki is a city which is located in Lagos State, Nigeria. Many estates are located within Lekki because of its strategic geographical location in Lagos. Lekki is located towards the east side of Lagos State. It is a naturally formed peninsula. To its west side, we have Victoria Island and Ikoyi districts of Lagos. It has the Atlantic Ocean to its Southside, Lagos Lagoon to its North and Lekki Lagoon to its east.