Home » Africa: Developer Lures Investors to Luxury Apartment in Lagos, Promising Double-Digit Returns from 22-Storey Hotel Facility

Africa: Developer Lures Investors to Luxury Apartment in Lagos, Promising Double-Digit Returns from 22-Storey Hotel Facility

by Atqnews
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LUXURY APARTMENT

Exciting times await prospective investors as a major hospitality development, the most comprehensive in recent years, has finally commenced. Brighter days may lie just around the corner for those looking to invest in this promising venture.

Known as Autograph Plus, the project is promoted by Cruxstone Investment and Development and gives willing investors opportunity to own hotel apartment units managed by a reputable hospitality brand. It would deliver high yields on the asset with projected double-digit percentage earnings and guarantees investors a minimum of 10 per cent return on investment yearly.

The 22-storey commercial development, located at Adeola Hopewell Street, Victoria Island, Lagos, consists of 86 units of apartments ranging from stylish hotel suites, studios, one-bedroom apartments and lofts, luxury two-bedroom apartments, three-bedroom apartments and four-bedroom maisonette.

READ: Africa: Short-let apartments challenge hotels for market shares in Nigeria’s hospitality and tourism industry

The apartments, which have all been beautifully crafted, are designed to have generous living spaces with en-suite bathroom, living area, stylish ceiling designs, modern day fitted kitchenette, fully furnished bedroom and electronic appliances.

Among the amenities are concierge services, spa and sauna, gym, and multi-level parking. Others are high-speed, panoramic elevators, valet parking, meeting room, CCTV camera, 24 hours security, health station, private indoor cinema, 24-hour power supply, rooftop edge swimming pool, retail spaces, rooftop lounge, restaurant and bar.

Already, work has begun on the site, the main contractor is BCL. Other consultants are JITE Projects (piling contractor); EMMS Consulting Engineering Limited (structural engineers); iEPM Integral Engineers, (mechanical engineers); Archtion (architects) and APD (project managers).

At the launching and investment session in Lagos, Cruxstone’s Managing Director, Dr. Adetoro Bank-Omotoye, said: “The Autograph Plus is a premium hotel apartment for extended-stay investment, where investors make a guaranteed return on their investment. This project represents a unique opportunity for investors seeking high returns on investment, capital appreciation and hedge against inflation, as well as financial stability and generational wealth

“This project is poised to set the standard for luxury hotel apartments and create a new community of investors, who seek to maximise their returns on real estate investment. It will be a sought-after destination for both long-term residents and short-term visitors.”

According to him, the hospitality industry is rapidly changing and the project will offer a ‘home away from home’ experience suitable for a quick-paced contemporary lifestyle. It is a popular choice for those seeking comfortable and convenient places to live or stay.

“We are committed to identifying and developing real estate investments with significant upside growth potential and high resale value. We believe that our highly disciplined, entrepreneurial expertise and strategic approach have helped us to become a leading provider of top-tier real estate investment opportunities,” Bank-Omotoye added.

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