THE AJELOGO APARTMENT (RAYMOND ESTATE)
This luxury estate is poised to set the pace for the accelerated development of the Ajelogo Area, mile 12 which was demolished and cleared by the Lagos State Government in order to allow residential units for the public.
Be the first to tap into virgin investments before discovered and prices rise
Raymond Estate is one of the first of many developments that will spring up in that axis. With uniquely designed 3 and 4 bedroom apartments with bespoke elegance and class, the development offers you a very beautiful place to live and also high return on investments.
The estate is strategically located on Davies Street, off the Ajelogo market street from Mile 12 Ikorodu Road. The location over the years has evolved into a premium residential axis, with various new developments.
The location boasts of accessible road network linking the Central Business District of Lagos i.e IKEJA through the Mile 12 Ikorodu road axis and the Oworonshoki Expressway by Alapere-Ketu.
HIGH REWARDS OF INVESTING
There is a high demand for houses from people living on the mainland but working on the island.
RENTAL ANALYSIS ON INVESTMENT
1. 3 bedrooms flat N600,000 – N700,000
2. 4 bedrooms flat N700,000 – N800,000
3. Raymond estate flats N800,000 – N1,000,000
PRICE DETAILS and SPREAD PAYMENT:
4 Bedroom Apartment (N25million)
3 Bedroom Apartment + 1room Boys Quarters (N23million)
25% down payment and spread the rest over 12- 18 months
The entire apartment in the ESTATE is completed to the finishing stage including painting, electrical installations (socket, switch) sanitary wares, tiles, kitchen cabinet, master bedroom wardrobe which will be satisfactory and in livable condition for ready to move in buyers.
INFRASTRUCTURE AND FACILITIES
1. Green Area & Well-maintained Gardens
2. Recreational Zone
3. Paved Roads and Walkways
4. Exterior Lightning
5. Trained Security Personnel
6. Well Treated Water System
7. Sewage and Waste Disposal System
8. 24Hrs Power Supply (prepaid Meter & Central Generator)
A Certificate of Occupancy (C of O) is subsisting on the land. However, each apartment owner will be assigned with a Deed of Sublease.