•Why LAGOS Celebrities Are Rushing The Houses
This is one of the biggest housing estates people are currently buying on the Mainland, Lagos. It’s an unbeatable estate and it has many advantages on the side of buyers. How? This estate is just a few minutes to Ikeja, and within 5 minutes you will be at the airport. And if you are going to the Island, it’s a direct link to the 3rd Mainland bridge. The housing estate is named “The Avenue Estate”. It’s at the Ogudu Government Reserved Area extension, Alapere, Lagos.
The project, a Public-Private Partnership (PPP) initiative is at the instance of the Lagos State Property Development Cooperation (LSDPC) and Direct Construction Nigeria Limited. The housing development called ‘The Avenue Estate’ hinges on the urban renewal drive of the Lagos State government and is situated in an expanse of land of about 17,000sqm at the Ogudu section of the Alapere.
Specifically, the location offers the best serene and secured environment while the designs and structures are tailor-made as well as allow for a workable deliverable price as agreed between the subscribers and the developer. The average unit of the housing will occupy about 174Sqm floor space of the livable area, typical ground floor and first floor. Each semi-detached house has car park space for up to three to four cars.
According to sources, mortgage facilities would be made available through the Lagos Building Investment Company Plc (LBIC) for intending subscribers. An official of LSDPC, Olusola Martins said the project is aimed at providing houses for residents who fall within the middle as well as those in the upper-income class of the population. And that subscribers would be introduced to mortgage facilities to enable them have access to finance and purchase their units.
He said, “The target buyers are the middle classes; we are also looking at the upper-middle class as well. The project is embarked on, to provide more houses for Lagosians. We have arrangements with mortgage houses that would also provide mortgages for buyers. “When people come, we introduce them to mortgage houses that can give them mortgage so that they won’t need to bring out the whole money from their pocket”. Price for unit is offered at an introductory price of N65, 000,000 for outright sale and a twelve months instalment payment plan. The delivery period for the project is 12months.
The Avenue consists of 48 units of 4 Bedroom, Semi-Detached Duplex with maid’s room and it is located at Ogudu GRA., It is a Joint Venture between LSDPC and Direct Construction., Coming from Iyana Oworo, the Estate is opposite Oando Filling Station, Alapere, while, coming from Berger/7UP, it is before Heyden filling station, Alapere, Ogudu. Mortgage facilities can also be arranged with reputable Mortgage Banks.
Initial deposit – Minimum of 30%. Spread balance over a period of 12 months.