Did you know that some real estate investments have given some individuals 100% return on their investments in less than a year?
Not every HIGH APPRECIATING PROPERTIES are flaunted on social media platforms. Some are only available to few people in the know so they can be the first to own it. And so when it is made public, other individuals that didn’t know earlier will then get to buy them at much HIGHER prices.
Let me give you a little update on what has been going on…
Lagos is developing at a very RAPID rate and as it stands, there are some individuals who have positioned themselves to be among the people to benefit from this goldmine.
The Lagos state government has proudly announced that it is creating a new metropolis that would serve as the country’s and possibly West Africa’s new financial center.
The Eko Atlantic project is massive, the Alaro city project is also massive. Not to talk of the Lekki International Airport, The Seaport, The Jetty, The Refinery, The 4th Mainland Bridge, The Industries, Factories, Companies and so many major developments that are already being put in place there.
Eko Atlantic, dubbed Africa’s answer to Dubai, is a multibillion-dollar residential and corporate complex built as an outpost of Victoria Island and along Lagos’ iconic Bar Beach shoreline. It will be home to a quarter-million people and employ 150,000 more.
And there are still more major developments…
Alaro Community is located few minutes from the proposed Lekki international airport, the region’s largest deep sea port, and significant Nigerian and foreign businesses.
It is a 2,000-hectare integrated mixed-use city planned in the Lekki Free Zone. Alaro City is home to around 45 firms that are relocating or expanding. Ariel Foods, Starium (BUA Group), HMD Africa, Sana Industries, Loatsad, Kenol, Mantrac (Caterpillar), Omar Gardens, and ASB Valiant are among these companies.
It is conveniently located on the Lekki-Epe Expressway allowing easy access to Lagos and the rest of Nigeria.
Keep reading to see how these developments can benefit you…
LEKKI INTERNATIONAL AIRPORT
The Lekki-Epe axis international airport construction project is located near Epe, Nigeria, east of Lagos. Alaro City is right next door. The airport site has been secured on 3500 acres, and the master plan is complete. The airport is designed to handle five million passengers per year, with potential for future expansion.
The new airport will serve the rapidly expanding city of Lagos, The Lekki Deep Seaport, Dangote’s 650,000bpd refinery, the Lekki Free Zone, and other locations in the industrial Lekki region.
The new airport will improve both residential and commercial infrastructure, in addition to its principal function. Ibeju-Lekki has already landed key projects, including the Free Trade Zone, bringing it closer to being Africa’s next commercial centre.
THE LEKKI FREE TRADE ZONE
You are almost there… keep reading…
The Lekki Free Zone is a modern free zone that adheres to worldwide best standards. The zone’s 16,500 hectares are divided into four quadrants and managed by a variety of operators, leveraging Lagos State’s prominence as West Africa’s main distribution hub. Many companies and industries are already being built here.
Alhaji Aliko Dangote, Africa’s richest man, is developing the continent’s largest oil refinery, as well as a fertilizer factory, a petrochemical facility, and a $17 billion sub-sea gas pipeline project.
LEKKI SEA PORT
The largest deep-water port in West Africa, Lekki Sea Port, is also under construction in the Ibeju Lekki axis, allowing for exports to West Africa and beyond. The Zone is attracting local and international investors.
Properties on the outskirts of an airport can appreciate by up to 40% in the first few years after it opens, and up to 80% after it is fully functioning. Once landed property is carefully located close enough to reap the benefits of living near an airport while remaining far enough away to avoid the negatives of being too close to an airport, such as noise pollution and potential health risks, it causes housing expenses to rise. As a result, investors in the area will benefit greatly.
This vast development has presented numerous prospects for profitable short and long-term investment. And these are some of the opportunities many big investors are seizing to buy properties in bulk and resell to you at HIGHER prices.
However, before you rush off to start investing in any available property, you must first of all realize that there are some VERY essential factors to be considered before you put your money in any real estate investment. Speaking with an experienced real estate consultant will benefit you greatly.
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Imagine owning two or more plots of commercial land facing a major expressway and then you build a two-storey building shopping complex with 12 shops on each floor (that is 36 shops in total). You start renting it out for let’s say 1 million naira per year (the rent price is dependent on the location, the type of shopping complex, the infrastructure etc). This means yearly, you will get about 36 million naira rental income from this single property. Imagine having this type of property in 10 different locations. This is just a single example of how profitable real estate investment is in Lagos.
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