Real Estate

Tetramanor in N500m residential devt for apartments, townhouses


August 16, 2016 | 12:15 am
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The mid-income property market will, in the next 15 months, be taking delivery of a new residential development that holds promise for apartments, townhouses, maisonettes as well as penthouse that will come with aesthetic designs, large spaces and customized to each homeowner’s style and taste.
The development,  known as Tetramanor Gardens  being  promoted  by Tetramanor Limited, is located in the middle class Surulere area, by Costain-Iponri axis, directly behind Leadway Assurance, and within the vicinity of Olaleye New Town.
 Planned for delivery by the first quarter of 2017, the estate provides quick access to centres of attraction, basic facilities and amenities and, in line with the project schedule, the perimeter fencing and the security house are already in place while work is on-going on piling and foundation.
  According to Folawunmi Banjo, an engineer with 225MM Construction Limited, the project is planned for delivery in 15 months with three blocks—A, B and C.  While blocks A and B are terrace apartments, block C is a condominium.
While the condominiums consist of four units of three-bedrooms, master bedroom with walk-in-closet and large kitchens, the townhouses have eight units of four-bedrooms with boys’ quarters, master bedroom with walk-in closet, and well-appointed kitchen.
The two units of maisonette and penthouse are designed to have four bedrooms, master bedroom with walk-in closets, master bedroom with study in penthouse and luxury bathrooms.
  The project which is It is estimated to cost N500 million on completion is being undertaken by a team of dedicated young  professionals at  Baron Architects and 225MM Construct and they assure prospective buyers that each unit in the gated community has a Deed of Sublease title.
John Beecroft, Tetramanor ‘s Business Development Manager, disclosed that his company has put in place flexible payment plan to ease the process of keying into the project. “A flexible payment plan is available for those who want to own their dream house and to pay for same at their convenience. The houses come at  attractive prices with condominiums selling for N36.3million; penthouses, N54.5million; and townhouses, N56.7million,” h e said, adding that the development has recorded interest in 40 percent of the units.
According to Beecroft, Tetramanor Gardens, also known as TM Gardens is a product of an extensive survey aimed to meet the need of the targeted market. “The estate is a community where children can live their live  e to the fullest in spaces specially designed for them.
Modalities for facility management would also be agreed upon between Tetramanor and residents on the extent of services and the duration for the use of backup power”, he said.
“To cater for the various family sizes, we chose to mix the house-types ranging from three-bedroom condominiums to four-bedroom townhouses with maid’s rooms; in line with providing exactly what people want, our property comes fully-finished, curtailing that itchy-feeling inside us that wants to furnish them just the way we envisioned”, he said, adding  however that they would be providing their buyers the option of partnering with their interior decorators to get that taste of heaven they imagined with all the rooms ensuite.





August 16, 2016 | 12:15 am
  |     |     |   Start Conversation

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