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About the product
*About Boing Luxury Apartments*
This project aims at filling the prevailing housing challenges of the elite populace within the UNIPORT/UPTH vicinity in Rivers State these include; Senior Lecturers, Resident Doctors, Medical Consultants, Post-Graduate Students, and undergraduate students with parents who are well-off. Prior to now, this class of people had to shuttle from town daily to the area because unavailability of accommodation that fits their peculiar requirement.
In view of this, the block of fully serviced apartments is guaranteed to have 100% occupancy consistently.
Investors into this project, acquire the serviced apartment and then we manage these units totally and just pay the investor rental income annually, this month we paid out over 5 Million to Investors whose rental income became due this month.
COST/INVESTMENT
1 Bedroom Apartment - 11.6 Million Studio Apartment - 8 Million
*This would be increased accordingly as is applicable in the residential property market in Nigeria
Features of this Investment
Investor earns for 50 years, at a worst-case scenario of 1 Million per annum that is 50 Million in revenue for an 11.5M investment
Ownership of the unit can be transferred
Investors earn their rental income if their unit is occupied or not, or if the unit is complete or not, 12 months after the investor receives their first cheque and then continuously every year
It’s totally handsfree, the investment can be made from anywhere in the world