For Sale £9,000 - Student Accommodation
The Lagos State University – also known as LASU – was established in 1983 by the enabling Law of Lagos State ofNigeria, for the advancement of learning and establishment of academic excellence. The university caters for a population of over 61,000, enrolled in full-time and part-time programmes at the Diploma, Undergraduate and Postgraduate. Lagos State University (informally LASU), located in the city of Ojo, Lagos, Nigeria, is the only state university in the former British colony
Lagos State University offers diploma, degree and post graduate programmes including a MBA programme.
In 2015, LASU was ranked 27 in the top 100 Universities in Africa with Covenant University (Bishop Oyedepo’s private University) ranking 43!. Their Alumi include high ranking celebrities like Desmond Elliot, Farida Mzamber Waziri EFCC chairman
The University holds over 40,000 students both full and part time of which only 6,000 students are accommodated in their 13 halls of residence. Causing a huge demand for student accommodations. Unlike the UK where purposed built Student accommodations are available, most Nigeria students rent privately until now!.
Fully-managed, hands-free investments
Maple House Lagos is a new, purpose-built student accommodation development from yandypropertygroup which will provide individual investors with an excellent opportunity to enter the lucrative student property market at an accessible level.
The development will contain luxury en-suite rooms and self-contained studios delivered fully furnished and finished to a high standard.
With a town centre location, Maple House is situated 800m from the University of Lagos . With around 40,000 students at the University and only 6,000 available on campus, there is a distinct undersupply of rooms in the town.
No finder’s fee
Luxury en-suite and self-contained studios
9% NET rental income assured for 5 years
Student accommodation hostel development sold room by room
324 rooms of various configurations
Located 800m from Lagos State University
Fully managed investment
Purchase price from N2,495,000
Rental yield is 9% annually
Title is deed of sub-lease
Completion is August 2016
High demand: 24,000 students and limited purpose-built beds
Are you interested? Fill in our registration form/ consultation agreement or send us an email and we will keep you posted