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N50m Legacy Plaza: Buy off-plan, gain N1 million
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In more advanced economies, off-plan property sales are common and property buyers who are solely in for business favour it because of its potential for quick returns on investment.
In Dubai, for instance, investors in the country’s property market see off-plan sales as a good-buy because they are sure to get as much as 10 percent discount on the value of the property before its launch which comes in less than two months.
It is therefore, good news for the Nigerian property market that what ordinarily would have been dismissed as a western way of “doing their things” is here with us; as Molad Resources Limited, a Lagos-based property, investment and finance firm, the sole selling agent of the prestigious N50 million Legacy Plaza, are offering N1 million discount to prospective off-plan buyers.
Buying off-plan means you buy from the building’s drawing or design as prepared by the architect or what the professionals call pre-build stage of the project. Buyers make their choices based on specifications and locations on the design.
Nestled along Ojo-Igbede Road in Ojo local government area of Lagos State on 1, 289 square metres of land, is Legacy Plaza which is within the immediate neighbourhood of the expansive Alaba International Market and is intended to serve the trading and social function needs of the market and its environs.
The plaza is quite accessible from the Olojo Drive which begins from the Volkswagen junction along the Badagry Expressway. Most of the access roads to the plaza are tarred and it is situated in close proximity of Skye Bank, First Bank and the Alaba International Market itself.
Molad Ventures as the sole selling agents and mortgage advisers to the project says the strategic location of the plaza makes it a must buy for serious property investors looking forward to quick and huge returns on their investment.
The Head, Business Development and Mortgage Origination Department of the company, Ajila Dare, told Business Day in Lagos, that the project being developed by Lay Jay Estates Limited and financed by Oceanic Bank Plc is a mixed development comprising 25 units of spacious retail shops and an exhibition hall.
According to him, the development offers the added advantage of having superior fixtures and fittings, comprehensive infrastructural facilities such as electricity, water supply, a well laid out compound, security light, private parking lot for prospective buyers and landscaped garden.
Dare notes that with the rising property prices and high demand for top quality commercial property in Lagos, prospective buyers often spend months looking for their dream shops to buy only to end up in disappointments and frustration.
“This, therefore, informs the advice of my company to buyers to take wise decisions by taking advantage of the opportunity offered by the strategic location of Legacy Plaza”, he said, adding: “If you are looking for a quick return on your investment, you can’t possibly ignore the potentials offered at the Legacy Plaza”.
In Lagos, they say the fear of Omo nile is the beginning of wisdom in property transactions, especially in land matters, but in this instance, the developers assure prospective buyers that there is nothing to worry about as the certificate of occupancy granted to Janet A. Namme for 99 years lease commenced only in 1990 which means that the C of O still has an unexpired term of 82 years.
In Dubai, for instance, investors in the country’s property market see off-plan sales as a good-buy because they are sure to get as much as 10 percent discount on the value of the property before its launch which comes in less than two months.
It is therefore, good news for the Nigerian property market that what ordinarily would have been dismissed as a western way of “doing their things” is here with us; as Molad Resources Limited, a Lagos-based property, investment and finance firm, the sole selling agent of the prestigious N50 million Legacy Plaza, are offering N1 million discount to prospective off-plan buyers.
Buying off-plan means you buy from the building’s drawing or design as prepared by the architect or what the professionals call pre-build stage of the project. Buyers make their choices based on specifications and locations on the design.
Nestled along Ojo-Igbede Road in Ojo local government area of Lagos State on 1, 289 square metres of land, is Legacy Plaza which is within the immediate neighbourhood of the expansive Alaba International Market and is intended to serve the trading and social function needs of the market and its environs.
The plaza is quite accessible from the Olojo Drive which begins from the Volkswagen junction along the Badagry Expressway. Most of the access roads to the plaza are tarred and it is situated in close proximity of Skye Bank, First Bank and the Alaba International Market itself.
Molad Ventures as the sole selling agents and mortgage advisers to the project says the strategic location of the plaza makes it a must buy for serious property investors looking forward to quick and huge returns on their investment.
The Head, Business Development and Mortgage Origination Department of the company, Ajila Dare, told Business Day in Lagos, that the project being developed by Lay Jay Estates Limited and financed by Oceanic Bank Plc is a mixed development comprising 25 units of spacious retail shops and an exhibition hall.
According to him, the development offers the added advantage of having superior fixtures and fittings, comprehensive infrastructural facilities such as electricity, water supply, a well laid out compound, security light, private parking lot for prospective buyers and landscaped garden.
Dare notes that with the rising property prices and high demand for top quality commercial property in Lagos, prospective buyers often spend months looking for their dream shops to buy only to end up in disappointments and frustration.
“This, therefore, informs the advice of my company to buyers to take wise decisions by taking advantage of the opportunity offered by the strategic location of Legacy Plaza”, he said, adding: “If you are looking for a quick return on your investment, you can’t possibly ignore the potentials offered at the Legacy Plaza”.
In Lagos, they say the fear of Omo nile is the beginning of wisdom in property transactions, especially in land matters, but in this instance, the developers assure prospective buyers that there is nothing to worry about as the certificate of occupancy granted to Janet A. Namme for 99 years lease commenced only in 1990 which means that the C of O still has an unexpired term of 82 years.
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