NOW SELLING ! ! !
LIMITED NUMBER OF PLOTS @N45,000/m2


INTRODUCTION:
}LONEX GARDEN ESTATE is a private residential property on 20 hectares of prime land located along Channels TV road, Isheri North Gateway City off Lagos–Ibadan Expressway.
}It is a beautiful, well planned estate with infrastructure, adequate security. A serene environment you can call a home.
}It is a nice alternative to lovers of Lekki/VGC Area but who prefer the mainland for habitation.
}LONEX Garden Estate offers easy access to Muritala Mohammed International Airport and other parts of the Country.
}The Estate is just 5 mins drive from Magodo/Alausa Secretariat.
}IT can be consider as a source of premium rental and investment income.

AVAILABLE FACILITIES IN THE ESTATE:
   }Good road network
   }Good drainage system
   }Deep bored water supply (from the rock)
   }Well positioned street light
   }Dedicated and functional transformers
   }Landscape garden
   }24hrs security and patrol team
   }Pedestrians walkway
   }Estate Police office
   }Quality sewage system
Note: These facilities are in existence and functional.

ESTATE TITLE:
The Estate is covered by a Certificate of Occupancy and a Deed of Sub-Lease.
Prospective buyers will be issued a Deed of Under- Sub Lease.

   PROPERTY TYPES:

    The following house types can be built on the property:

  •  3 Bedroom Terraced House
  •  5 Bedroom Detached House
  •  4 Bedroom Semi-Detached House
  •  2/3 Bedroom Apartments/Flats.

    PRICES AND PAYMENT PLAN:

          The promo price is N45,000.00 per m2. 

           Price after the promo is N50,000.00 per m2.

    • The payment plan is flexible as follows:
    •        Full Payment attracts a 2% discount.
    •        50% Initial Deposit and the balance paid within 12 months in equal installments.
    •        30% Initial Deposit and the balance paid within 12 months in equal installments.

      PRICE JUSTIFICATION:    

          COMPARATIVE PRICES AND RETURN ON INVESTMENT:

              

       S/N

DESCRIPTION

WITH INFRASTRUCTURE

WITHOUT INFRASTRUCTRE

         1 

LANDS WITHIN THE NEIGHBOUHOOD - (500m2)

N48,000/m2  - N24,000,000.00

N40,000/ m2 – N20,000,000.00

         2

SELLING PRICE Of A SEMI-DETATCHED  DUPLEX

N100,000,000.00  (i.e. N50,000,000/unit)

N70,000,000.00 (i.e.35,000,000.00)

         3

COST OF LAND @45,000/m2 & CONSTRUCTION COST OF A SEMI DETACHED DUPLEX

N66,000,000.00

N60,000,000.00


RETURN ON INVESTMENT

N34,000,000.00

N10,000,000.00

        

      EXISTING HOUSES IN THE ESTATE


       Semi-Detached Houses:

         


       Terraces:


 

   Free Zone:

   


       For more information, please call:

  •       Chidinma:  08034016887
  •       Kike:          08033080450
  •       Yinka:        08035576399
  •       Okey:         08181854654
  •       Tony:         08092314074

     

       Or:  send your request to: 

              Lonexsales@unionhomes.com.ng





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