Claritus Apartments - ybasolicitors.com YBA.pdf · Claritus Apartment: ... Sub-Soil Investigations...
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Claritus Apartments Oniru, Victoria Island, Lagos.
Transcript of Claritus Apartments - ybasolicitors.com YBA.pdf · Claritus Apartment: ... Sub-Soil Investigations...
Claritus Apartments Oniru, Victoria Island, Lagos.
Introduction….
• A unique and novel introduction in the upscale Oniru Estate, designed to deliver functional spaces and excellent finishes.
• The development consists of 1 unit 3 bedroom pent house and 8 units 3 bedroom apartments, and a state of the art kitchen plus a Boys Quarter.
• The apartments are carefully designed with every finishing elements in mind. The views from each unit provides an excellent opportunity for adequate illumination and ventilation.
• The facilities would be well managed with common services like power,
pool, gym, water treatment, elevators, and dedicated transformers.
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Site details
• The project site is approximately 1000sqm with a flat and well drained landscape.
• The Land is rectangular in shape and there are existing residential properties all around the project site.
• Immense investment opportunity for capital growth and premium rentals.
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Apartment Concept 3 B/R & 4 B/R Pent House
Details
Living Areas • Vitrified tiles, POP screeded walls, Spot lights, French Windows , Cable TV connection and private balcony
Bedrooms • En-suite Bedrooms, vitrified tiles , POP Screeded walls, spot lights, French windows and private balcony
Sanitary • High quality sanitary fittings
Kitchen • High quality, fully fitted kitchens (with washing machine and dryer, integrated microwave and oven , gas hub and extractor hood, integrated fridge freezer and high quality cabinets)
Furnishing • Optional, at additional cost
SERVICES
Utilities • Water bore hole, water treatment plant, dedicated transformer and generator with high capacity storage tank
• Separate meter per flat for PHCN and generator service
Management • Facility management to be provided by a competent facility management company
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Claritus Apartment: Environs & Google Map
• The project site is located within the popular Oniru Estate
• Claritus Apartment is an
estimated 5 minutes drive from Eko Hotel in Victoria Island.
• Eko Hotel • Total Producing HQ • Zenith Bank HQ • Mobil Producing HQ • Addax HQ • Halliburton Oil Services HQ • Oando HQ • Famfa Oil HQ • Saipem Oil & Gas Servicing • 4 Point Sheraton Hotel • Oriental Hotel • VCP Hotel • Banks & Telecom Companies • Lagos State Water Corporation, Oniru • The Palms Shopping Mall • Price Waterhouse Coopers (PWC)– HQ,
Oniru • Landmark Conference Centre, Oniru • DD Ltd. 10 floor Office Development,
Oniru
• From Claritus Apartment to the Murtala Muhammed International Airport is estimated to be a 50 minutes drive.
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Site Plan: Ground Floor
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• Parking bay • Estate lounge • Estate office • Gym • Pool
Site Plan: Ground Floor – Isometric Drawing
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Site Plan: 1st to 3rd Floors
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Site Plan: 1st – 3rd Floor Isometric Drawing
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Site Plan: 4th Floor
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Site Plan: 4th Floor – Isometric View
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Site Plan: Pent House Floor
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Site Plan: Pent House Isometric View
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Approach View 1
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Approach View 2
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Side View
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Night View
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CURRENT PROGRES OF WORK AT SITE 17
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Unit Type Market Price Promotional Price Rental Income p.a Payback period Capital Appreciation
3 B/R + BQ 70,000,000.00 65,000,000.00 5,000,000.00 13 years 5,000,000.00
CLARITUS APARTMENT, ONIRU ESTATE Investment Justification
AN INVESTMENT OPPORTUNITY NOT TO MISS
Incentives
Most affordable and serviced estate in its environs with excellent capital growth opportunity
Excellent annual rental income is expected on delivery with a possibility of an annual rental increase based on historic performance for existing estates close by
Claritus Apartment offers an exceptional lifestyle- you can afford with ease of entry
We project that the value would be in the range of N70 million upwards upon handover - even with current market realities
Huge and growing population of the Lagos Island, Victoria Island, Lekki-Ajah Axis
Current estimation of 2.5 Million residents and still growing (demand)
25 functional Estates in Oniru Axis (still not enough supply)
Ongoing developments e.g. Lekki-Epe road expansion , Lekki Free Trade Zone, 4th Mainland bridge linking Ikorodu to Ajah etc
Large collection of nearby hotels, businesses and beaches
The Palms , Spare and Ikota Shopping Complexes are near by shopping alternatives.
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Name Apartment Type Current Selling
Price
Rental Income Payback
Period
Capital Appreciation
Current Mkt Price in 2014
Year of Delivery
1 Claritus Apartment 3 Bedroom Flat N60 million N5 million 12 years N5m on delivery minimum 2015
2 Seagle Apartment 3 Bedroom Flat N58 million N5.5 million 10.5 years N/A 2010
3 Finchley Court by Seagle 3 Bedroom Flat N55 million N5 million 11 years N/A 2011
4 Zenco Court by Seagle 4 Bedroom Flat N80 million N7 million 11.4 years N/A 2012
5 Seagle Court 3 Bedroom Flat N55 million N5 million 11 years N/A 2010
6 Lamy Court by Seagle 1 Bedroom Flat N30 million N2 million 15 years N/A 2011
3 Bedroom Flat N60 million N5.5 million 10.9 years N/A 2011
7 Olayemi Court by Seagle 2 Bedroom Flat N40 million N3.5 million 11.4 years N/A 2011
3 Bedroom Flat N56 million N5million 11.2 years N/A 2011
8 Asake Court by PWV 3 Bedroom Flat N45 million N3.5million 12.8 years N/A 2009
9 Wuraola Court by PWV 3 Bedroom Flat N40 million N3million 13.3 years N/A 2010
10 PWV Court 3 Bedroom Flat N45 million N3million 15 years N/A 2008
11 Olasumbo Court by Seagle 2 Bedroom PH N50 million N3.5million 14.2 years N/A 2014
3 Bedroom Flat N65 million N6million 10.8 years N/A 2014
12 Asake Court by Seagle 3 Bedroom Flat N60 million N5.5million 10.9 years N/A 2014
13 Seagle Towers 3 Bedroom Flat N50 million N4.5million 11.1 years N/A 2007
14 Charvet Apartment 3 Bedroom Flat N120 million N9 million 13.3 years N/A 2010
15 Crystal Towers 3 Bedroom Flat N65 million N5.8 million 11.2 years N/A 2014
16 Digicom Plaza 3 Bedroom Flat N60 million N4million 15 years N/A 2014
Claritus Apartments Oniru - Investment Justification
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OTHER TERMS AND CONDITIONS Post construction - the property will be maintained and managed by – Alliance and Frontier Limited or any of its Facility Management partners subject to the Developer’s instruction. A Facility Management Agreement shall be executed between the Buyers , Developer and the appointed Facilities Management firm, for the post construction maintenance and management. The first agreement shall be for 5 years, thereafter, the Buyers shall decide to either retain the Facilities Management Firm or otherwise. The property shall be insured and an asset replacement fee shall be charged to replace worn-out equipment in the future. TRANSFER OF OWNERSHIP Upon receipt of final payment from a buyer, A Deed of Assignment of the purchased Apartment shall be executed in favour of the buyer.
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Title, Delivery Timeline and Financing Option
Land Title: The Land has a Registered Deed of Assignment with the REGISTRY OF DEEDS LAGOS STATE. This instrument is registered as No. 38, at Page 38, in Volume 2423 of The Lagos State Registry in the Office at Alausa, Ikeja, Lagos. Development / Approved Building Permit – DCB/DO/17741V of 13-11-2013 Title for Subscribers: Deed of Sublease. Delivery Timeline : October, 2015 Mortgages are Available Through: - Access Bank Plc offers 10 – 25 years mortgages - StanbicIBTC Bank Plc offers 10 – 25 years mortgages - First Bank Plc offers 10 – 25 years mortgages
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3 Bedroom Apartment Spatial Analysis
Floor Spaces Size m2
Dining & Living Room 59
Visitor's Toilet 5
Kitchen 22
Store 5
Lobby 10
Balconies 15
Master Bedroom 38
Toilet 4
Bedroom 1 16
Toilet 3
Bedroom 2 30
Toilet 4
Boys Quarter 8
Toilet 3
TOTAL SPACE 222
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Pricing & Payment Plan
Housing Options
# of Units
price
Rent Pay back (Basic)
3 Bedroom Apartments + BQ 8
N65 million
N5 million 13 years
Two attractive payment plans offered: •“Upfront”: 100% payment upfront [attracts a 5 % discount on the listed price] •“Flexible”: - 50% upon attainment of 4th floor slab - 30% upon installation of tiles, windows and doors - 20% balance on delivery All payments (Cash, Drafts, Cheques) should be made in favour of Claritus Nigeria Limited Please note that the property sales will be on "first come first serve basis" and buyers who fail to meet the terms of payment may have their deposits refunded without interest and their housing units re-allocated to other buyers.
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Project Status
Activity/Milestone Details
Land Purchase and Registration of Title Documentation
Acquired and Completed
Development Concept Completed
Detailed Design Completed
Sub-Soil Investigations and piling Completed
Regulatory Approvals Planning & Building Approvals obtained
Funding 100% of funds required for construction obtained
Building Construction In Progress
Sales & Marketing In Progress
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Development Strategy
Claritus Limited will apply a standard, time-tested approach to ensure successful delivery of the projects. • Site preparation, and foundation has been contracted to reputable engineering construction and
consultancy companies • Structural shell of the building has been contracted to seasoned contractors • Supply and installation of building materials for the finishing such as doors, tiles, sanitary ware,
electrical fittings and other accessories has been outsourced and subcontracted to reputable vendors for consistency and quality assurance. Design and quality specifications has been structured to deliver very good finish product.
• Electrical, mechanical and other basic infrastructure and facilities for Claritus Apartment will be
contracted to experienced contractors with proven and verifiable track records. • Detailed work schedule programme required from all contractors with requisite provisions and
incentives for quality and speed. All work programs are integrated into a Universal Delivery Plan which will be strictly adhered to
Delivery Date: October, 2015
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Value Proposition – Why Buy? • Claritus Apartments provides a unique opportunity to invest in real estate. Estimated rental
yield of between 7% and 10% based on current rental rates • It is an alternative for people wishing to own property in choice areas such as Victoria Island/
Oniru. • Mortgages are provided through - Access Bank Plc, New Prudential Building Society,
StanbicIBTC Bank Plc, and First Bank Plc and • Owing to its unique location, Claritus Apartments offers easy access to both the Island and
the mainland areas of Lagos State. • Over the years, real estate has continued to be a safe and secure investment, providing a
stable and reliable avenue for wealth conservation and capital growth • Still, demand for real estate by far outweighs supply
National housing deficit of between 15 and 18 million homes Lagos expanding by 1 million people per year - forecast to be world's 3rd largest
megacity by 2025 Increased economic prosperity and discretionary spending Growth in consumer banking and mortgage facilities providing funds to buyers US$6 bn Diaspora remittances annually and US$7.5 bn in Pension/Institutional funds
seeking investment outlets
Claritus Apartments is an opportunity to meet your real estate goals. whatever they may be - home ownership. rental income or long-term capital appreciation
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The Project Team Consultant Role
1 Alliance & Frontier Limited
Main Contractor
2 Virtual + Design Studios
Project Architects
3 Beryl Mech Limited Mechanical Consultants
4 Engineering Afriq Limited Electrical Consultants
5 Black Diamond Limited
Sub Contractors / Structural Engineers
6 Dolphin Works Limited
Quantity Surveyors
7 P & T Ventures Environmental Impact & Planning Consultant
8 Dolphin Works Limited Construction & Project Managers
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ABOUT THE CONTRACTOR
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Alliance & Frontier Limited
• Alliance and Frontier Limited is a Real Estate Development Construction, Investment Advisory, Sales and Marketing. Our major focus is in the provision of turnkey solutions in our various investments and a real estate projects via structured construction finance and scenario analysis.
Some Selected Development Projects by AFL
Project - Development of 8 Unit of 3 Bed Room Flat on 4 Floors • Location – Oniru Estate, Lagos State • Value – N250 million • Status – Completed and Delivered
Project - Development of 6 Unit of 3 Bed Room Flat and a Pent House on 4 Floors • Location – Oniru Estate, Lagos State • Value – N200 million • Status – Completed and Delivered
Project - Development of 5 Bed Room Detached House in VGC • Location - VGC, Lagos State • Value - N48million • Status – Completed and Delivered
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Sales & Marketing Contact Information:
Contact Persons / Email Phone Number
Lamide [email protected]
+2348029662962
Corinne [email protected]
+2348038160629
Lolade [email protected]
+2348067126190
Simon [email protected]
+2348132691627
Tobi [email protected]
+2349039353588
YBA & Co. Solicitors Suite i-244 Ikota Shopping Complex, Victoria Garden City, Lagos.
Tel: 01-3423865 Website: www.ybasolicitors.com
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