Time for another luxury living in Banana Island (with water view)

 


This property is dotted with landscaped gardens and special water features with a Lagoon View, it has ample scope for recreational activities and presents a relaxed oasis.
The new development comprises of 4 Bedroom Apartments and 4 Bedroom Penthouses. The interiors are finished with modern state of the art fittings, appliances and sanitary wares. Internet and communication ports are provided in each apartment. security and comfort are of priority in the design and layout of the development. 


Total number of blocks: 4
Total number of Maisonettes: 16
Total number of Flats: 8
Apartment   1                                

• Master Bedroom
• Bedroom 1
• Bedroom 2
• Visitors Room
• Study Room

Apartment     2

• Master Bedroom
• Bedroom 1
• Bedroom 2
• Visitors Room
• Study Room

Penthouse

• Master Bedroom
• Bedroom 1
• Bedroom 2
• Visitors Room
• Study Room

 

Facilities :

• Steam Baths for more hygienic baths in all Master bedrooms
• Each room with LG 1.5hp or 2.0hp Air conditioners
• All kitchens are fitted with Gas and Electric Cooker, Cabinet Fridge and Freezer, Microwave and Oven, Washing machine, Drying machine and Dish washer.
• All baths and kitchen has its personal Ariston water heater system.
• Corrode Resistance Electric Fence with Integrated Wireless Panic Buttons.
• A dedicated transformer for the property
• A 350KVA Caterpillar generator
• A large car park space with interlock paved stones and Professional landscaping.
• Panasonic PABX Intercom system from the gate house to all rooms in all the units for security check.
• Wireless internet system
• Expandable DSTV connection in all apartments (it also has a 2way LMB which enables each individual to expand his/her view options as well as add any other cable TV network)
• Two lightening arrestors for thunder &  lightening protection
• Concealed Staff Quarters 2 Room per apartment)
• Swimming pool
• Treated water system,
• Access control and CCTV
• Squash Court
• Health/Fitness Club (Gymnasium),
• Concealed Staff Quarters 2 Room per apartment)
• Adequate parking
• Professional landscaping
• Swimming pool
• Treated water system,
• Access control and CCTV
• Club House
• Prepaid Meter
• Jetty and Slip Way
• 7.5 KVA inverter for power backup
• Multi room service with each rooms independent control panel and the Audio controller

1. The type A
4 bedroom Maisonettes outer (the units on the side of the left and right side of the blocks)
Rental value N 12,800,000

2. The type B
4 bedroom Maisonettes inner (the units in the middle)
Rental value N 12,800,000

3. The type C
4 bedroom Pent Flat
Rental value N13,600,000

4. The type A& B (with direct view of the River)
Rental value N13,600,000

5. The Pent Flat (with direct View of the River)
 Rental value N13,600,000

Call Mr BABS on 08107024162

Abebe Court is on the market!

                                 Abebe Court, Ikoyi: Rents up to N8.25m have been achieved
For many who would have been lusting after the famous Abebe Court on Bourdillon Road, Ikoyi, it would have seemed unattainable. It is the jewel in UACN Property Development Company Plc’s (UPDC) crown. Why would UPDC want to give up a money spinning, luxury apartment complex, where the 3 bedroom flat rents for between N7m-N7.5m and the 4 bedroom flat for N8.25m per annum?
Well it seems that miracles do happen-the Abebe Court complex, was one of the properties transferred by UPDC to the UPDC Real Estate Investment Trust and the Trust is selling it and moving on to create another legacy like it.

• What’s on offer?
  The complex contains 4 blocks of 8 flats each (4 nos of 3 bedroom flat and 4 bedroom flats in each block)
• Are they selling per unit or to a single buyer?
  Unit buyers as well as block buyers are welcome
• Any need for renovation?
  No, the property is being renovated and will be sold in first class condition

Call Babs for more enquiries.

Will your employee cheat you (again) in 2014?

Employee fidelity is a serious issue for estate agency firms. Because of the nature of the business it is relatively easy for employees to ‘steal’ clients from their employers. For instance the employee who takes the company’s client to a rival property where he will get a cut from the commission or spends all his time outside the office on his own business.The costs to a firm that does not take this seriously can be very substantial as we will find out. How wide spread is this behavior? How can it be stopped (or at least curbed) in your firm? We asked some Heads of Estate Agency firms to share their experiences and prefer solutions...

 
Orjinta Nkelechi (Keleorjints Consult) believes the ‘cheating’ practice is widespread: Employee fidelity is the norm now and it is unfortunate. I have had several experiences with employee infidelity where my employee works in my firm but has his own personal registered company. He was literally using my firm as a leverage to sell his firm. He uses my company to gain acceptability with my hard earned clients and then receives chequesin his company name. He has separate complimentary card where his company name was written boldly as subsidiary to our firm as such client won’t argue if he instructs them to issue cheque on his company name.

Leke Akinwusi (CEO FavourJerry  Derby) agrees. I had a deal last year, I mean a done deal and can you believe my employee took this man to the owner of the land and they talked and they exchanged numbers? And now what I hear is that ‘I am no more interested’. A 300 million naira done deal, my fellow agents please wise up more.Secondly, my clients came from China to Nigeria for a particular project which I had sealed up before he came and I briefly went to London because I had a quick emergency so I told my employee to take him to my contacts which he did. In 2-3 days my Chinese client stop calling me. These guys have really hurt me so bad. And this deal is a 5000 mass housing estate. Just imagine?  All these things are greed and the good thing is that Karma still works. I haven't done it to any one before so why should someone do it to me?

The boss of AMS Global, another estate firm joins the litany of those whose firms had suffered in the hand of its employees:  An experience we had was with one of our employee, who introduced a property to the company to manage.Eventually she set up her own company and diverted that property to her business as well as most properties in the areas she used to handle for the company was taken over by her.
The CEO of POC Nigeria Limited, has a different take on the issue. I think the situation is misunderstood. Abraham Maslow, in his theory of human motivation described humans to have a hierarchy of needs. The most basic needs of humans are food, water and sleep amongst others. The second level of the hierarchy is security; body, health, family and resources amongst others.

If you can see where I am going with this, you then have an idea of how much Estate Agents are being paid by their employees. A staggering 91% of all estate firms in Nigeria operate as a one-man business. In my experience, most of these organizations really do not treat their employees as they should. Agents should be given a good commission on any transaction completed solely to increase productivity which will help both the agents and the organization as a whole.

Having said all of that, there still exists this problem, of people from different fields applying and getting the roles to be estate agents and most of them usually have no prior experience in the field.
I am not here to justify the actions of some of these lads, because some of them may be doing this purely out of greed and not because they have any obligations that they need to fulfill. The problem here really is not the problem, but the way we look at the problem.
Find the reasons why and then you will be able to create a better work place that everyone can gain something from.
A qualified employee that feels taken care of by his employer will more than not put in the effort to get results.
This however is my point of view. Many will have contrasting arguments. At the end of the day, issues are unique to the environment they were conceived and it is only really solvable by examining that environment and applying the right non-biased solution.

Employers never think they're wrong.

Is the Lagos state Tenancy Law working?

In my opinion the Law is not being followed to the letter, I guess because it is difficult to implement some of the requirements i.e. collecting only one year’s rent in certain areas and not in others. This creates confusion for landlords and tenants who cannot understand why Lekki should command one year’s rent and Victoria Island, two years. Some landlords who are paying off mortgages, really cannot afford to take one year’s rent as they need to service their mortgages. Landlords will tell you that if the tenant cannot pay the two years or more rent that he wants, they are welcome to go look for a property elsewhere that accepts one year payment. The landlord is well within his rights to decline a tenancy as long as monies and an agreement have not been exchanged, which can be tendered as evidence in a court of Law

The rate at which court decisions are made for the eviction of illegal occupiers, defy the purpose for taking them to court, as they end up staying rent free for up to a year or more before a judgment is made. There is unfortunately a lack of confidence in the court system.The property market environment is of course open to corruption and unregulated practices when one or all parties involved, try to cut corners. I frequently receive requests from Agents looking for properties for their client, some are so insistent on viewing without their client, that an alarm bell goes off as to why they are so insistent on viewing the property alone. Unfortunately some “Agents” give the business a bad name by going back to the property without the knowledge of the principal agent and many times, closing the deal with the landlord. Some landlords plead ignorance and some tell you that they owe no one any allegiance, therefore the property market regulations are really subject to the honesty of those involved in its practices.

A lot of tenants are still not aware of their right and therefore get bullied by landlords who increase rents without notice or because they have received an offer of higher rent payments or they tell the current tenants to leave the property before their lease expires. If the tenant does not move out or increase the rent to match the offer being touted by the landlord, their belongings are thrown out and locks changed. Most tenants resort to begging the landlord instead of taking the matter to court. Sometimes Agents capitalise on this by demanding exorbitant fees and higher rent from the tenant in order to assure them of getting a sought after property.

Repairs is another area where tenants and landlords are not clear about responsibilities. Some landlords feel that a tenant should take their property in the state of disrepair it is advertised and fix the repairs themselves. Some tenants carry out all sorts of alterations and works to their rented property without consulting the landlord. Both actions are wrong and can be taken to a court of law for resolution. What needs to be done is closer monitoring of practices and instant penalties from the monitoring agencies for those found breaking the law.

 PRESTIGE HEIGHTS COURT, Lekki consists of 5 Units of fully detached duplexes with:

• 4 Bedrooms 
• 2 Living rooms  
• 1-Room Boys Quarters in a gated and secure area at Ogidan, Lekki.

Each duplex offers elegant and modern designs across 2 levels; ground floor and the 1st Floor.
attire
GROUND FLOOR

• Consists of a Dining and Lounge Area
• A Guest Toilet
• Kitchen and Store
• Ante and Guest Room
•Boys Quarters

 FIRST (1ST) FLOOR
• Consists of a Family Lounge
• Masters Bedroom
• Madam's Bedroom
• Children's Room
(All Rooms en suite)

FEATURES OF THE DUPLEXES

• Fully Fitted Kitchen with Marble top, Oven cooker, Hood and Microwave
• DSTV
• Fitted Wardrobe from Italy
• Top Quality Sanitary Wares
• Floors and Walls Beautifully Finished with High Quality Grade Tiles
• Unique and Quality Lightings
• POP Ceiling/well screened finished with High quality Paint
•Armoured Security doors and High Quality Italian room doors
• High Quality Ironmongery.
•Jacuzzi in Masters and Madam's Bedrooms
• Electronic Remote controlled gate


EXTERNAL FEATURES
• Electric Fence
• Borehole
• Ample Parking Space
• External Lighting
• Interlocking Concrete Parameters and Walkways with stone tiled walls.

LOCATION: Prestige Court, Lekki is located within a gated, secure and serene area at Ogidan, Lekki Opposite Golden Park Estate and Con oil Filling Station, Off Lekki Expressway.

Off Plan Sale Price : N40 Million

Title: Governor's Consent
Attached are pictures of our past projects.

Contact Direct Owner on 08033026938

Thank you