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Cashflow Property Utako Abuja 4Bedroom Duplexes, 2Bedroom Flats

Posted by Africa on September 21, 2019
| 0
Utako Market Mini Estate 4Bedroom Duplexes, 2Bedroom Flats, Self Con
The compound is 1,723 sq meters located in prime area of Utako.
It has 3 different buildings as stated below:
1) 2 wings of 4 bedroom duplex well furnished with marble and granite floors. Each with 2 sitting room both on ground and upstairs with big kitchens
2) 4 units of 2 bedroom flats and well furnished. The interior marginally shown in the attached picture
3) 4 units of self contained rooms and well finished.
4) spacious compound that comfortably accommodates 25 vehicles
5) c of o in seller’s name
6) garden space at the back of the building.
All other relevant documents can be provided on request.
The property currently makes N19,000,000 Million Naira on rent proceeds annually. Based on our analysis on this property,  the lucky investor who ends up purchasing this property can still make more than current money made on this property by simply making use of half of the car park space for 2bedroom block of flats. Averagely a 2bedroom Apartment for rent in Utako Abuja cost N2 Million, so if we have 8units of 2bedroom like the image below, the lucky investor will be making additional N16 Million Naira.
Asking price which is also negiotiable is N 500,050,000 Million = N550Million Naira in view of the economic melt down and opportunity cost of my offshore investment.

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