When Location Matters: Prime Mixed Use Comprehensive Deve...

Property Ref : 1030751

Mixed-use land for sale

Near Police Estate Beside Efab Queens Estate, Karsana West, Karsana, Abuja

₦180,000,000

Features

---

We are pleased to inform our clients with intention to develop luxury homes within an upcoming area with the following details:

LOCATION: KARSANA WEST
MAJOR LAND MARK: EFAB QUEENS ESTATE AND POLICE ESTATE, EFAB VERIZON ESTATE.

TITLE: RIGHT OF OCCUPANCY

BENEFITS:
THE PROPOSED LAND MEASURING 1.39HECTARES, IS LOCATED AT KARSANA WEST BEHIND THE EXPANSIVE GWARINPA ESTATE. THE MAJOR LANDMARK IS EFAB QUEENS ESTATE AND IT IS ALSO DIRECTLY BEHIND THE POLICE ESTATE.THE ROAD LEADING TO THE LAND IS UNTARRED, BUT IT IS ABOUT 100 METERS FROM THE TARRED ROAD.
THE SIZE CAN TAKE ABOUT TEN UNITS OF 5 BEDROOM DUPLEX AND TWENTY UNITS OF TERRACE HOUSING UNITS.IT CAN ALSO TAKE UP TO TWENTY-FIVE UNITS OF BUNGALOWS AND TEN UNITS OF BLOCK OF FLATS.

SUMMARISED CALCULATION ON PROJECTED RETURN ON INVESTMENT FOR THE DEVELOPMENT OF TEN UNITS OF 5 BEDROOM DUPLEX.
WITH AN INITIAL CAPITAL OUTLAY OF N170M ON LAND PURCHASE AND AN ESTIMATED COST OF N20M
FOR DOCUMENT PERFECTION. AN ESTIMATED COST OF N530M FOR CONTRUCTION INCLUDING GRADING THE ROAD FROM THE TARRED ACCESS.THE TOTAL COST CAPITAL EXPENDITURE WILL BE N720M.PREVAILING VALUE FOR A 5 BEDROOM DUPLEX WITHIN THAT AREA IS N100M TO 150M.
IF EACH UNITS IS SOLD AT N120M THE TOATAL ESTIMATED SALE WILL BE N1.2BN.THE GROSS PROFIT N480M. ASSUMING EVERY DEDUCTIBLES TAX AND OTHER INCIDENCES AT 20% LEAVES A NET PROFIT OF N384M. ALL THESE IS REGARDLESS OF APPRECIATION OF LAND VALUE .

Price: N180m Only.
Professional Fee: This shall be 5% of sales price payable by purchaser as Facilitator Fee;

For viewing and Possible Conclusion by Serious Clients Only; Contact The Lead Consultant;

Arinze Onovo Consulting.
( Chartered Estate Surveyor's & Valuers)
Terms and Conditions Apply.

Contact