Tuesday, 3 January 2012

Pictures of new lands for sale







Land 1. (3 pictures)
Position: Awka Etiti street community layout Trans Ekulu Enugu.
Size: 60 ft x 100 ft
Other conditions: A 2 bedroom and palour boys quarter already built inside the plot, a well dug and walls fenced round, except in the front.
Price: N6.5m

Land 2. (2 pictures)
Position: Azumini street, community layout, Trans Ekulu Enugu
Size; 60 ft x 100 ft
Other conditions: built up area, fenced.
Drawbacks: Needs to be sand filled, else it could be waterlogged in rainy seasons.

Land 3 (2 pictures)
Position: Mary Emmanuel street, Trans Ekulu Enugu
Size: 60 ft x 100 ft
Other conditions: Fenced in the front and back, gate to be installed after the wall is opened as the land is part of the other compound. Good, affluent neighborhood and very wide street.
Price: N8m

Land 4 (2 pictures)
Position: Upper north area, Trans Ekulu Enugu
Other conditions, prominent location, corner piece in a tarred road. Good houses in the neighborhood, cool area.
Drawbacks: Small plot size, only 520 sqmts.

Monday, 27 June 2011

PROPERTIES FOR SALE IN ENUGU

S/N LOCATION OF PLOT DESCRIPTION OF PROPERTY MINIMUM PRICE MAXIMUM PRICE REMARKS
1 INDEPENDENCE LAYOUT PHASE 2 600 SQ. MTS (PREMIER LAYOUT) 1 MILLION 3.5 MILLION
2 IND. LAYOUT (CORRIDOR) 1 PLOT 2.5 M 5M
3 IND. LAYOUT (OLD LAYOUT) 12.5M 100M DEPENDING ITS SIZE
4 BUNGALOWS/DUPLEXES 15M 25M DEPENDING ON STYLE
5
6
7 GRA OLD LAYOUT CARVE OUT 15M 30M
8 GRA OLD LAYOUT PLOT WITH C OF O 20M 35M DEPENDING ON SQ.MTR
9
10
11
12 NEW HAVEN (EXTENSION) FULL PLOT 2M 4M 500-600 SQM
13 INSIDE NEW HAVEN LAYOUT 8M DEPENDING ON SQ.MTR
14 BUNGALOWS/DUPLEXES/FLATS 14M 45M
15 LAND ALONG MAJOR ROAD 60M DEPENDING ON ITS POSITION
16
17
18
19
20 DESTINY LAYOUT 2.5M 3.5M 1 PLOT
21
22 THINKERS CORNER 4.8M 8M 1 PLOT
23

TRANS EKULU LAYOUT DAMIJAH AREA 8M 12M 1 PLOT
TRANS EKULU LAYOUT COMMUNITY ESTATE LAYOUT 5.5M 8M 1 PLOT
TRANS EKULU LAYOUT NEW G.R.A. 5.5M 500 SQM
TRANS EKULU LAYOUT NEW G.R.A. 27M 2500 SQM
TRANS EKULU LAYOUT NEW G.R.A. (NEAR FATHER EDEH) 1.2M 100X100FT


NIKE TOWN NEW LAYOUT, ALULU, UMUCHIGBO 300K 2M DEPENDING ON LEVEL OF DEVELOPMENT

INVESTING IN BLOCKS OF FLATS FOR RENT





Building commercial houses is a worthwhile venture; you will be solving one of society’s most vital needs as well as generating handsome returns on investment. In this article, I will try to explore the building industry in Enugu, with a special bias for the multifamily housing units called the ‘block of flats’
THE NEED FOR FLATS
Nigeria is a growing nation, perhaps the fastest growing nation in the world, with population estimated to be in the region of 140 million. This number has a lot of young and the growing population, the youths make up more than 60% of the population and will still multiply as they settle down and form more families. This is why more houses are needed to fill the gap. It is an open secret that vacant properties are very scarce in town due to excessive demand for them. I know how many people who want houses NOW but it is just not available, there is a demand not being fulfilled. This is an opportunity waiting to be exploited.
Another factor to consider is that flats provide a better option to the families who might find it difficult to pay for duplexes or bungalows and live in their own compounds. To live in one room ‘face me I face you’ compounds is also not advisable as your privacy could be seriously violated and your safety compromised.

TYPES OF FLATS
There are many types of flats being built by developers, the most poular is the 3 bedroom flat, there is also the 2 bedroom and 4 bedroom versions and families choose according to their need for space and family size. Those needing 2 bedrooms are mostly bachelors, spinsters and newly married couples with few kids. Those with more kids will desire more space and they usually rent 3-4 bedroom flats.
Due to improvements in the building industry, builders are now expanding their horizons by offering additional improvements to attract more tenants and increase returns. Things like en suite rooms, wardrobes, larger balconies and superior finishings has been added to the list of options in the building industry. Some builders now offer additional options like borehole for water, dish for TV entertainment and even internet services to make life more pleasurable.
We can also classify flats by their number, the number of floors they have. We have the 2 flat compound, (just two bungalows in a compound), we also have the 4 flat houses, (one floor above the ground floor) there is also the 6 flats, 8 flats and 10 flats and these are all dependent on the plan of the building, the number of floors and size of the land.

MANAGEMENT
Blocks of flats are easier to manage than some other properties; we now have property management companies everywhere to make sure tenants abide by rules as stipulated in the tenancy agreement. The landlord may not even know the faces of their tenants; all he needs to see is the cash flow from rental income. It is the duty of the property managers to ensure peace and order in the compound, to maintain a high level of hygiene and ensure the property is safe from vandalism.

COST OF CONSTRUCTION
Well built blocks of flats don’t come cheap. It is important to note here that the higher a block of flats, the more money needed to complete it and the more returns it can generate. When we build a block of flats, we save a lot of money by reusing some materials like wood which we can transfer from one floor to the next in decks and lintels. The cost of building flats ranges from N4m to N40m depending on other variables like cost of the land, location, number of flats, level of finishing etc.

PROFITABILITY
I know all of you are waiting for this one; this is where the meat is. As a prospective owner, this is the most important information. The returns on investment from blocks of flats are dependent on the type of structure and land cost. The cheaper the land, the more profitable and the sooner you can make your money back and start enjoying profits for a very long time to come. Let me not reveal too much here, I will be answering your questions about the points raised above. There is too much money to be made from owning properties that investors should really think in this direction. I can help any interested investor calculate his PE ratio. By this I mean the number of years it will take you to recover all your money you have invested before enjoying a lifetime of rents and more rents.
Rents for flats in Enugu ranges from N200K per annum for a 2 bedroom flat, 250-350 for 3 bedrooms depending on location and finishing, and more if you add more services. It is also an advantage that you could collect your rents upfront, which means that you can collect as much as 15-20% of your cost of construction immediately we collect a two year advance from the first set of tenants.
As a businessman, I understand that the shorter the period of return, the better. The strategies I have developed while building for myself could also spur me to greater performances and I can assist any investor with my wealth of experience to generate a lifetime of residual income.
THANK YOU ALL.
Signed by SPYDER880

Thursday, 2 June 2011

5 bedroom duplex for sale





There are a number of 5 bedroom duplexes for sale in Enugu town. The buildings are 100% finished and ready for pay and pack in, positioned in the center of town and with good network of roads, water, security, power. There is also the 6 bedroom versions of this duplex also for sale. Pictures are attached.
Notable features;
Large kitchen, living room and extra large master bedroom
Each room en suit
2 balconies upstairs
Ariston water heater in every toilet/bath
Conduit wiring
Inter locking tiles in the compound
Metal security doors
Police post in the estate.

Price for 5 bedroom executive duplex with 2 rooms executive B.Q. N34M
Price for 6 bedroom executive duplex with 2 rooms executive B.Q. N36M

Sunday, 15 May 2011

Large plot of land at Achara Layout

A plot of land is on sale, the statistics are as follows;
Size: 1031 square meters (nearly 2 plots)
Stage of developement: Fenced and well dug in the plot
Title: C of O
Location: Achara Layout Enugu
Other advantages: Corner plot
Price: N12 million

Pictures will be attached soon.

Wednesday, 4 May 2011



There is this 3 bedroom bungalow for sale around Enugu town. The building is a modern structure in an estate and in its finishing stage. Each room has its own bedroom, it has a modern roofing pattern and nice doors and windows. The estate will be provided with security, water and central power to make life worth living. The location is the Hilltop site around Ngwo town, very close to Trans-Ekulu Enugu. The price is fixed at N7.5 million.

Tuesday, 3 May 2011

My mission statement

I am a young man born in Enugu, grew up in Enugu and currently resides in Enugu, Nigeria. I am a property investor with a passion to change the Nigerian properties market. Let me start by saying that I love investing, and always takes my time to invest in any legal, worthwhile venture which will serve the need of humanity while making profits.
Lands and houses are my prefarence, although I play actively in the Nigerian stock market. My intention for starting this blog is to provide my readers with good housing options, affordable homes, genuine lands and good investment property of all types. I will be building houses here for sale, and for rent. I will be advertising lands which I own, for sale. I will also advertise other people's properties which I can vouch for its genuineness.
Let us relax and enjoy this ride, I will be updating this blog as time permits me. (I am also a civil servant) please feel free to ask me any questions, to comment on this blog, to correct an impression or to add your ideas. Thank you all.