Location, security raise prospects for high ROI at Grandville Gardens
The story of any successful real estate investment has something quite significant to do with location. For Gandville Gardens with additional security advantage, prospects of fabulous return on investment (ROI) are not only high but also given.
A moderate scheme sitting on 3,500 square metres of land and estimated to cost N250 million, Grandville Gardens is being developed by Bhanek Group, a multinational firm that provides logistical support to major oil firms, and also a property development company registered in the UK.
It is a project managed by Exclusive List Realty firm which is headed by a South Africa-trained multiple award-winning real estate professional trained by Remax International Property Group and Fine & Country International Realty.
According to officials of this company, the highpoint of the estate is its location and the security arrangement which is almost air-tight.
“We are properly and nicely located at the centre of Chevy View Estate which is strategically located within the neighbourhood of Chevron headquarters. It has easy access to Lekki-Epe Expressway; it’s about 10km from VI and 3km from Victoria Garden City (VGC), about 10km from the new Lagos Free Trade Zone and enjoys proximity to major supermarkets including Ebeano, Spar and others,” they said, adding that there had been zero crime incidents within the neighbourhood in the past 15 months.
The prospects of high investment yield at the Gardens are premised on the fact that Chevy View is one of the fastest-growing estates in the area where the price of a plot of land has gone up from N40 million in November 2013 to N55 million at present. Again, the area is in very high demand by staff of Chevron due to its proximity to Chevron headquarters and the high security network.
The estate boasts best-in-class infrastructure facilities including good road network with brand new transformers to ensure steady electricity. The estate has a very vibrant homeowners association comprising many high net-worth individuals, professionals and others.
The 12-unit estate with four-bedroom arrangement is 60 percent completed and will be delivered November 2014. It is ISO 9000-compliant with best engineering and mechanical applications.
Each of the units with all rooms en-suite and a walk-in closet parades shower cubicle and spa, master and madam bathrooms, lounge, dining, fitted imported kitchen with granite top and all appliances including a washing machine, dryer and store, service room, family lounge, box room, balconies, gym, swimming pool, two parking spaces per unit, generators, dedicated transformer, etc.
Prospective home buyers and investors will pay N55 million for a housing unit at the Gardens, but the developers allow flexible payment starting with 30 percent initial deposit, followed by another 30 percent in two months, 20 percent in two months, and 20 percent on delivery. Mortgage facility is also available from Access Bank and First City Monument Bank (FCMB).
Chuka Uroko