{"id":7078,"date":"2017-11-13T03:07:40","date_gmt":"2017-11-13T03:07:40","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/abujas-n3-5-billion-nexus-estate-up-for-grabs\/"},"modified":"2017-11-13T03:07:40","modified_gmt":"2017-11-13T03:07:40","slug":"abujas-n3-5-billion-nexus-estate-up-for-grabs","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/abujas-n3-5-billion-nexus-estate-up-for-grabs\/","title":{"rendered":"Abuja\u2019s N3.5 billion Nexus Estate up for grabs"},"content":{"rendered":"

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\nPlans by one of the prime property development companies to achieve its dream opening up both residential and investment opportunity<\/a> for home seekers and yield seeking investors may have come to fruition, with the offloading of N3.5 billion Nexus Estate into the real estate<\/a> market.<\/p>\n

The estate sitting on approximately 20,540 square metres of prime land, Nexus Estate, is located in Life Camp, Abuja.The 35-unit estate, described as \u201cthe best built property in Abuja\u201d at the moment, comprises three blocks of terrace<\/a> houses<\/a> classed A, B and C.<\/p>\n

The first block of houses comprises seven five-bedroom terrace houses with two-bedroom basement flat and a self-contained servant room. The second block consists of 14 units of five-bedroom semi-detached houses with a self-contained servant room while the third block also comprises 14 units of five-bedroom terrace houses plus a self-contained servant room.<\/p>\n

Specifically, the estate is fully serviced and fenced round with sandcrete block-wall to an average height of about three metres. Entrance into the estate is through double-leaf vehicular metal and a pedestrian gate.<\/p>\n

\u201cAbuja developments generally have the challenge of quality finishing, but this estate is different; it is the best built property in Abuja today\u201d, said Chudi Ubosi, Principal Partner at Ubosi Eleh + Company.<\/p>\n

The estate, built by a corporate construction company, has an excellent finishing and material quality. It boasts top-notch features and facilities including a gate house, club house and gym, Badminton Court, two generating sets, swimming pool\/bar, two dedicated transformers, perimeter fencing and full estate services. Other features include fitted wardrobes, kitchen cabinets, gas cookers, air-conditioners, satellite TV dishes, etc.<\/p>\n

\u201cWhat we have on offer<\/a> here are buildings whose design and layout are not only functional, but also practical; the estate\u2019s \u00a0location at Life Camp Abuja is ideal for companies to accommodate their staff and centralize their cost instead of giving them accommodation at different locations, said Ubosi, whose company along with Knight Frank and Bode Adediji Partnership are the lead<\/a> agents and markers of the estate.<\/p>\n

In an economy where investment choices are limited with real estate presenting the best in class option, and so, Ubosi is advising that Nexus Estate is also ideal for funds<\/a> under management that need to be invested such as pension fund and co-operatives society funds.<\/p>\n

\u201cThese houses are just ideal for pension funds and co-operative society funds looking for where to invest<\/a> in a recessing economy such ours. The estate, by virtue of its location where demand is relatively high, guarantees investors\u2019 capital appreciation in the region of 10-15 percent per annum\u201d, he assured.<\/p>\n

\u201cThis is not an estate where the developer will be asking you to deposit money and come back in at a later period to collect key. No, this estate is newly built, well finished and ready for occupation. Once you pay and you are ready, you pack in,\u201d he said.<\/p>\n

The estate, which essentially targets corporate buyers or institutional investors, is in the market for a minimum of N3.50 billion which, Ubosi said, reflects market realities because, \u201cwe are talking about 35 housing<\/a> units each comprising 5-bedroom terrace houses and a boy quarter\u201d.<\/p>\n

\u201cAgreed that Abuja, like any other sub-market in Nigeria, is having challenges which reflects the challenges in the local economy, but any day, any time, a well built and well priced property with quality materials and finishing finds buyers, more so if it is built by a reputable developer\u201d, he posited.<\/p>\n

Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Plans by one of the prime property development companies to achieve its dream opening up both … Abuja\u2019s N3.5 billion Nexus Estate up for grabs<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6549,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,4751,1403,2890,8942,1399,12908,543,617,489,344,3058,522,41,84,2878,15296,8941],"class_list":["post-7078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-amazing","tag-buy","tag-construction","tag-detached-house","tag-development","tag-home","tag-home-buying-guide","tag-house","tag-houses","tag-housing","tag-location","tag-nigeria","tag-property","tag-real-estate","tag-real-estate-market","tag-target","tag-terrace-house"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8526,"url":"https:\/\/amazingproperty.com.ng\/blog\/aso-savings-to-commission-n10-billion-karsana-estate\/","url_meta":{"origin":7078,"position":0},"title":"ASO Savings to commission N10 billion Karsana Estate","author":"Amazing Property","date":"March 9, 2018","format":false,"excerpt":"ASO Savings and Loans Plc. with its partner, Global High Property Development Company is set to commission the N10 billion ASO Garden Estate, Karsana, Abuja. 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