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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 considered 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: - Instant full Payment @ N45,000 per sqm attracts a 5% discount
- 50% Initial Deposit with balance paid in 12 months installments @ N45,000 per sqm.
- 25% Initial Deposit with balance paid in 12 months installments @ N45,000 per sqm.
- 25% Initial Deposit with balance paid in 24 months installments @ N50,000 per sqm.
PRICE JUSTIFICATION: COMPARATIVE PRICES AND RETURN ON
INVESTMENT:
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S/N
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DESCRIPTION
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WITH INFRASTRUCTURE
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WITHOUT INFRASTRUCTRE
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1
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LANDS WITHIN THE NEIGHBOUHOOD - (500m2)
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N48,000/m2 - N24,000,000.00
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N40,000/ m2 – N20,000,000.00
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2
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SELLING PRICE Of A SEMI-DETATCHED DUPLEX
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N100,000,000.00 (i.e. N50,000,000/unit)
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N70,000,000.00 (i.e.35,000,000.00)
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3
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COST OF LAND @45,000/m2
& CONSTRUCTION COST OF A SEMI DETACHED
DUPLEX
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N66,000,000.00
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N60,000,000.00
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RETURN ON INVESTMENT
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N34,000,000.00
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N10,000,000.00
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VANTAGE VIEWS OF THE ESTATE  ![]() 
 
For more information, please call: Chidinma: 08034016887 Kikelomo: 08033080450
Or: send your request to: Lonexsales@unionhomes.com.ng
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Construction
