QUICK LETTINGS: MINIFLATS (N50K - N300K P/A)

To Let: Affordable Miniflats

Location:            Shobande Street, Akoka

Price:                    N250K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Oworo Rd, Oworo

Price:                    N230K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Alagomeji

Price:                    N350K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Mini-Flat @ Agnes

Price:                    N350k P/A

Contact:               Godek Ventures | 08035901425, 08183147755

Location:            Bariga

Price:                    N200K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Mini flat @Adamo,Ikorodu

Price:                    N72k P/A

Contact:               Heritage Link-Up Enterprises |08056005052, 07180062789

THE 6TH FLOOR: BLOOD IN THE BATHROOM

  By Olumide T. Agunbiade 

AT about 11am on one of those days that was both beautiful and excruciatingly sunny, my typical impulsive schedule led me to one of the Real Estate Marvels in the city of Lagos. Comparable to some enviable destinations in the world, say Beverly Hills Estate, for example, Osborne Foreshore Estate is an array of high end architectural masterpiece in design and finishing, even Donald Trump would fancy a place right here!

The Bathroom.

It was no surprise that I had to undergo a lengthy security procedure at its main gate. I did get slightly impatient having to go through the same procedures on arriving my destination but the sight of several edifices all beautifully laid out, a well paved road and the beautiful landscape  made it worthwhile.

As I was ushered into the magnificent mansion at Osborne, my eyes took in the gardens below with a conscious pleasure. Palm trees waved in the slight breeze, water gurgled in the fountains, and the scent of mimosa was heavy in the air, it was exquisite!

I had been informed that the client I came to see just came back from London and her friend who introduced me to her insisted I pay her a visit. When I finally set my eyes on          her, she turned out to be the most beautiful woman I had ever seen.

Sitting in a tastefully furnished abode in the company of two gentlemen was a woman that appeared to be in her early 40s. Her hair was one of her astonishing features, very blonde and cut in a rare style. It was long enough to hang between her shoulder blades, yet short at the front, layered and feathered at the side, framing a face of considerable beauty.

ACTIS, Palms Mall, UPDC, Skye Bank, ARM Properties, Eko Atlantic City & Others Win at the Real Estate Unite 2013

Real Estate Unite Lagos 2013 Summit hosted by 3invest Media 

B y Olumide T. Agunbiade

The Most anticipated real estate event in Africa, Real Estate Unite Lagos 2013 Summit hosted by the 3Invest Media, a media subsidiary of 3Invest Limited, has once again raised the bar in the real estate industry with leading industry exhibitors, influential speakers and top professionals in the finance and built sector. Keynoting the event, Mustapha Chike-Obi commended 3Invest and had a flashback to his first press address when he came into office in 2007 as the AMCON CEO.

He went further to say that the housing problem in Nigeria requires serious attention to tame the humongous population explosion of the nation, which he put at 2.5% annually. Other speakers were Sadiq Mohammed of ARM, Sonnie Ayere of Dunn Loren Merrifield, Uzoma Dozie of Diamond Bank.

Holden Marshall, the Managing Director of Resilient Africa, part of the South African Resilient group one of Africa’s largest retail developers highlighted the huge opportunities in the Nigerian real estate, seating on the panel also was Venon Page of Hotels Partners Africa, Carlo Matta of Laurus Development Partners whilst Micheal Chudi Ejekam, Director of Real Estate, ACTIS gave an insight on foreign direct investments, trends and opportunities.

QUICK LETTINGS: 4B/R FLATS & DUPLEXES (N250K- 4M P/A)

Affordable & Available 4B/R & Duplexes to let.

Location:            4 B/R flat @ Oba-Olaide Estate

Price;                    N300k

Contact:               Tunnis Consult | 08029061389, 08071495046

Location:            4B/R detached house + 3B/R Bungalow (Vacant) @ AdeniraOgunsanya Street, Surulere

Price:                    CALL

Title;                     L/C

Contact:               Esi& Associates |08023253878

Location:            4B/R Apartment with swimming pool, gym, squash court  @ Banana Island

Price:                    Rent: $115,000 USD| Service Charge (S.C): $26,000 USD

Contact:               Debembar Ltd |08028862251, 08165523487

Location:            4 B/R flat @ Oba-Olaide Estate

Price;                    N300k

Contact:               Tunnis Consult | 08029061389, 08071495046

Location:            4B/R detached house + 3B/R Bungalow (Vacant) @ AdeniraOgunsanya Street, Surulere

Price:                    CALL

Title;                     L/C

Contact:               Esi& Associates |08023253878

Location:            Newly Built 3 Units of exquisitely furnished 4B/R terrace & 3B/R, 5 B/R town house @ Banana Island

Price:                    $85,000 USD & $100,000 USD (Serviced)

Contact:               Debembar Ltd |08028862251, 08165523487

Location;            2 Units of 4 B/R @ Itamaga

Price:                    N350k P/A

Contact:               Delly Peking Services |08069386948 08022931535

Location:            5B/R terrace @ Living Gold Estate with 1 room BQ, gym, squash court, lawn tennis court, jetty, 24hrs electricity, security @ Banana Island

Price:                    $100,000 USD, SC $25,000 USD

Contact:               Debembar Ltd |08028862251, 08165523487

Location:            4B/R serviced semi-detached house @ Ikoyi

Price:                    $50,000 USD, SC $15,000 USD

Contact:               Debembar Ltd |08028862251, 08165523487

Location:            10 Units of 3B/R luxury flats @ MADOLF court, Ikoyi

Price:                    $50,000 USD, SC $20,000 USD

Contact:               Debembar Ltd |08028862251, 08165523487

SPECIAL REPORT: THE FALOMO ON-RAMP BRIDGE

Falomo On-Ramp: Connecting the City.

By Olumide T. Agunbiade 

 Unlike the Pyrenees, which separates the Iberian Peninsula from the rest of Europe, the Falomo On-Ramp Bridge connects two areas of Lagos metropolis—Ikoyi and Victoria Island. The Bridge was jointly financed by the state and private sector in consonance with the Lagos State government’s Public-Private-Partnership (PPP) model on infrastructural development.

The facility which stretches some 115m in length, features a post tensioned (or pre-stressed) ramp sited on five piers, each resting on four piles was constructed by Lekki Concession Company (LCC) and provides a dual purpose of highways and walkways for road users.

Before the bridge was constructed, Ikoyi bound motorists from Lekki had to undergo the torture of the traffic congestion before making a left turn at the busy intersection leading to Adeyemo Alakija street and then make a right turn to connect the Falomo bridge.

The curved arc bridge is the first ever bridge structure of this scale and magnitude anywhere in Nigeria that has been constructed by a private investor under the Public-Private-Partnership (PPP) model. The bridge which was unveiled on October 6, 2011 by Lagos State Governor, Mr. Babatunde Fashola had dominated discussions among construction industry practitioners, who expressed concern over the project cost.

According to the experts, a bridge that is barely a fraction of a kilometer in length is rather expensive at its N2.5 billion price tag unlike the third mainland bridge which was built in 1990 by Julius Berger Nigeria and measures 11.8 km in length at a cost of about N500 million at a period when N4 was equivalent to a dollar.

“In most cases, we have not succeeded in separating design from costing, as the design end up preparing the Bill of Quantities (BOQs), a situation that leads to questionable project costing,’ says Seun Ajenlekoko, the President of the Association of Professional Bodies of Nigeria (APBN), ‘There should be independent costing by qualified personnel to avoid corrupt tendencies.”

The quality of the facility however, is unquestionable due to the technology inputs applied and the quality of the materials used by the Lekki Concession Company (LCC) from commencement to completion of the project. “Void formers were used to reduce the overall dead weight of the deck by effectively removing unwanted concrete,’ says LCC boss, Opuiyo Oforiokuma, ‘the void formers account for a reduction of over 880 tons, thereby reducing the overall dead weights to 2,650 tons. The reduced load reduces tensile stresses, which in turn reduces the amount of steel required as reinforcement.”

QUICK LETTINGS: 3BEDROOM FLATS (N120 - N1M P/A)

Quick Lettings: 3Bedroom

Location:            Medina Estate

Price;                    N1.5M P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Folagoro

Price:                    N700-800K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Oworo

Price:                    N400K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Alagomeji, Yaba

Price:                    N700K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Bariga

Price:                    N350-400K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location;            3B/R flats @ Agbede 1-6 Area, Agric

Price:                    N200k P/A

Contact:               Sanab Ventures Ltd |08068115105, 08054274376, 08028422441

THE LAGOS STATE CHAPTER OF ERCAAN 17TH AGM/CONFERENCE 2013 IN PICTURES

From left:Special Adviser to the Governor on Housing, Hon Jimoh Ajao(EFA); His Royal Highness Eze Okoli; GM LASRETRAD, Mr. Kayode Ogunnubi; ERCAAN founder, Hon. Michael Adeogun; ERCAAN Lagos State Chairman, Hon Godwin Alenkhe(EFA); ERCAAN National President, Hon. E.T. Dare; Chief Ogundipe and Former Governor of Lagos State, Alhaji Lateef Jakande during the AGM/Conference 2013 held at Adeyemi Bero Hall, Alausa, Ikeja, Lagos on wednesday 30th October, 2013. 

Mr. Kayode Ogunnubi receiving an Award on behalf of the Lagos State Governor, Mr. Babatunde Fashola(san) from ERCAAN National President, Hon. E.T. Dare (EFA) during the event at Alausa, Ikeja.

Zonal delegates, stakeholders and observers from 57 Local Council Development Areas in Lagos State.

ALHAJI LATEEF JAKANDE, LASRRA, LASRETRAD AND STERLING BANK ENDORSE PROPERTYMAX MAGAZINE

ERCAAN Lagos State Chairman, Hon. Godwin Alenkhe(EFA) and Alhaji Lateef Jakande during the 17th AGM/Conference 2013 held in Lagos recently.

Ms. Yinka Fashola, General Manager, Lagos State Resident Registration Agency (LASRRA)

First civilian Governor of Lagos State, Alhaji Lateef Jakande with PropertyMAX circulation manager during ERCAAN AGM/Conference 2013 held  at Adeyemi Bero Hall, Alausa, Ikeja, Lagos on Wednesday 30th of October, 2013.

AFFORDABLE ERCAAN PROPERTY LISTINGS IN 53 LCDAs

FOR SALE

Land

Location:         2 Plots with 2B/R (Completed) @ Unity Estate, Idimu

Price:               N20m

Contact:           Sanni Jide Properties |08033056958, 08029815070

Location:         A Full Plot with 3 BR close to Synagogue Church, Egbe Ikotun

Price:               N15m (Asking)

Contact:           Sanni Jide Properties |08033056958, 08029815070

Location:         Vacant plot of 50 feet by 114 feet @ Abesan

Price:               N4.5m (Asking)

Contact:           Sanni Jide Properties |08033056958, 08029815070

Location:         3 ½ Acres @ Federal Housing, Abesan

Price:               N180M

Title:                C of O

Contact:           Sanni Jide Properties |08033056958, 08029815070

Location:         1 ½ plots @ Ile-Eja, Okerube

Price:               N4.5M

Contact:           Sanni Jide Properties |08033056958, 08029815070

Location:         2 plots fenced (with gate) along Adiyan Rd, Moboluwaduro, Agbado

Price:               N10m

Title:                Agreement & Survey

Contact:           J.I.Y Kingsgate Nig. Enterprises |08066549621, 08078139595

Location:         Acres of land @ Kobape, Bodo Axis, Sagamu (near Governor’s office)

Price:               N700k-N2m

Contact:           J.I.Y Kingsgate Nig. Enterprises |08066549621, 08078139595

Location:         Acres of Land @ Onode Egba- Yotomi Golden Estate via Ofada, Ogun State

Price:               N1.2m per acre

Contact:           Fado Properties |08033323607, 07059232925

Location:         Acres of Land along Siun-Iperu Rd., Ijemokuko Village, via Siun Town, Ogun State

Price:               N1.5m per acre

Contact:           Fado Properties |08033323607, 07059232925

Location:         Acres of Land @ Shito Village along Badagry-Semen Expr. Rd.,

Price;               N1.8m per acre

Contact:           Fado Properties |08033323607, 07059232925

Location:         1 Acre @ Adeyeri Igbo-Oshoro odogunyan

Price:               N500k per plot

Contact:           Ogo-Oluwa Akewi Lands/Properties |08056710176, 08082422688

Location:         25/120 plot @ Mechanic Village

Price:               N5m

Contact:           Ogo-Oluwa Akewi Lands/Properties |08056710176, 08082422688

Location:         2 plots @ Okiki

Price:               N3m

Contact:           Ogo-Oluwa Akewi Lands/Properties |08056710176, 08082422688

Location:         @ Agbede with 4 Shops

Price:               N6m

Title:                Conviance, Survey + Family Receipt

Contact:           Ogo-Oluwa Akewi Lands/Properties |08056710176, 08082422688

Location:         1 Acre (Level Land) @ Ifakale

Price:               N1.4m

Contact:           Ogo-Oluwa Akewi Lands/Properties |08056710176, 08082422688

Location:         Hectares of land along Express Road, Ibusa/Onitsha Rd,, Asaba, Delta State

Price:               N45m

Title:                C of O

Contact:           Sanab Ventures Ltd |08068115105, 08054274376, 08028422441

Location:         A Full Plot (fenced round; with gate) @Pedro

Price:               N25M

Title:                Court Judgement

Contact:           Sunny World Estate & Homes |08026054600, 08032520036

Location:         A Plot (fenced with gate) @ Oresegun Street, Bariga

Price:               N10M

Title:                R/S

Contact:           Sunny World Estate & Homes |08026054600, 08032520036

Location:         1 Standard Plot @ 58, Olonode Street, Alagomeji, Yaba

Price:               N45M (Net)

Title:                L/C

Contact:           Sunny World Estate & Homes |08026054600, 08032520036

Location:         838sqm @ Block 70, Plot 4, Lekki Phase 1

Price:               N90M (Net)

Contact:           Sunny World Estate & Homes |08026054600, 08032520036

Location:         A Plot measuring 687sqm @ Ikota Villa by Lekki  Country Gate

Price:               N28M

Contact:           Sunny World Estate & Homes |08026054600, 08032520036

Location:         6 Hectares @ Elegushi

Price:               N3B

Title:                C of O

Contact:           Debembar Ltd |08028862251, 08165523487

Location:         19240 sqmtrs (Water Front) @ Banana Island

Price:               N5B

Contact:           C of O

Contact:           Debembar Ltd |08028862251, 08165523487

Location:         100 Hectares @ Awoyaya from the Road

Price:               N12B (Asking)

Title:                C of O

Contact:           Debembar Ltd |08028862251, 08165523487

Location:         250 Hectares @ Awoyaya from the Road

Price:               N7m per acre

Contact:           Debembar Ltd |08028862251, 08165523487

LASRETRAD, LASRRA OFFICIALS TO ATTEND AGM/CONFERENCE 2013

From left: Hon. Taiwo Okeowo, Hon. Godwin Alenkhe and Hon. Fredrick Odusanmi. 

By Olumide T. Agunbiade

The Annual General Meeting/ Conference of the Lagos State Chapter of the Estate Rent and Commission Agents Association of Nigeria (ERCAAN) will be held on October 30, 2013 at Adeyemi Bero Hall, Alausa, Ikeja, Lagos by 12pm. Lagos State Governor, Mr. Babatunde Fashola(SAN) and His Royal Highness OBA Lasisi Gbadamosi are the Special guest of Honour.

LIVING YOUR SPACE: My Face-Me-I-Face-You Experience!

By Elisabeth Onuoha.

Before the arrival of the year 2000, so much hopes and aspirations were placed on the coming year by government. Then the year 2000 seem so far away. There were  promises of health for all by the year 2000, education for all by the year 2000, good roads, power, name it, everything was to fall in place, including Housing for all by the year 2000. The year 2000 then held some magic, it was viewed as a time when all our basic amenities will be provided. It was the magical year.

Sadly this magical year has come and gone and Nigeria is still grappling with the challenges of providing these basic amenities. Now we have the vision 2020 in place, same old story. 2020 is going to herald in the much anticipated health for all, housing for all, power, good roads etc. We are waiting.

A house at Ajegunle.

The challenges of providing descent and affordable housing for its citizens still remain a major challenge for the government. Nigeria may be the only place in the world where the mortgage system hardly works. Mortgage here works best for the rich who have access to it. The average Nigerian on the street cannot dream of taking out a mortgage.

As a result of this we have a situation where an individual will scrimp and save to buy a plot of land and then practically starve himself and his family to death because he wants to build a house

Eight out of every 10 people you meet on the streets of Lagos have at one time or the other lived in a face-me-I-face-you apartment.

 The face-me-I-face-you is a local term used for a building with several rooms where tenants share facilities like toilet, bathroom and kitchen. The Iconic face-me-I-face-you has come a long way in Nigeria. The face-me-I-face-you was very popular in the 70s and still is though these days we have more of self contain apartments and mini flats. This is a welcome development which is as a result of people’s desire to have some privacy and not having to wait in line to use the toilet or bathroom.

My early years in Lagos were spent living in a face-me-I-face-you apartment. Yes! I am not ashamed to admit that I have at one point lived in a one room apartment.

My parents came to Lagos after the Nigerian civil war and promptly settled in Ajegunle. From the stories I was told, Ajegungle was a virgin land then, spacious and not as congested as it is now. My parents promptly settled in a one room apartment on Sufianu Street. Mum hated the place because she had to share toilet, bathroom and kitchen with strangers. She was not used to this kind of lifestyle, but this was  what her husband could provide as at then.

Mum was called “oyinbo” by the other tenants because she insisted on proper hygiene in the toilet and bathroom. Cooking in the kitchen was a nightmare for mum; there were stories of mum practically standing guard over her pot in the kitchen.

We did not stay long on Sufianu Street, thanks to a neighbor who came home drunk one night and banged on our door thinking it was his. Mum and Dad thought it was a burglar and a couple of days after that incident we moved to Akogun Street not far from Sufianu Street.