The Empire Queen's Apartments, Victoria Island
Total Page:16
File Type:pdf, Size:1020Kb
THE EMPIRE QUEEN’S APARTMENTS VICTORIA ISLAND 49, Olosa Street, Opposite Hotel & Suites, Adetokunbo Ademola Road THE EMPIRE QUEEN’S APARTMENTS, VICTORIA ISLAND. The Empire Queen's Apartments is an iconic project located at 49, Olosa Street, opposite EKO HOTELS & SUITES, off Adetokunbo Ademola Road, Victoria Island. Classy, stylish, spaciously designed and equipped to an excellent level of specification, The Empire Queen's Apartments offer a superb hotel apartments concept; from cutting-edge facilities and a panoramic view of the Victoria Island down to the fitted kitchen. It is the right choice for ultra- luxury living. The Empire Queen's Apartments comprise of 60 units of 1 & 2 bedrooms super luxury Apartments on 11 floors. The ground and 1st floors are for parking lots, 2nd floor is for recreational area; 3rd – 9th floors are for the 1 (one) bedroom Apartments while 2- bedroom Apartments are on the 10th and 11th floors. FRONTVIEW BIRDVIEW LOCATION ON THE MAP THE EMPIRE QUEENS 1 & 2 BEDROOM APARTMENTS IS LOCATED HERE ONE BED BALCONY UNIT One bedroom unit • Compact design for a young and flexible lifestyle or a lock-up-and-go • Sliding screens for different degrees of privacy in bedroom • Sit-in Dinning • Strong rental demand from single multi-national, NGO, Nigerian professionals and embassy staff • En-suite bathroom with shower, vanity and WC for guests • Modern Built-in Semi-open kitchen (includes cabinets, fitted hob, extractor fan) • Built-in cupboard in bedroom • Large balcony for spectacular view • Quality materials and finishes 2-BED BALCONY UNIT Generous design for young couples, home-based business people or as a lock-up-and-go for travelers that require more space • Spacious living / Sit-in dining area arrangement • All bedrooms are ensuites • Covered balcony for expanded living space • Attractive rental product for a couple or two single people sharing: strong demand from employees from multi-nationals, NGOs, Nigerian professionals and embassies. • Contemporary open plan design for modern living • Both bedrooms en-suite • Main bathroom with shower, vanity and WC • Second bathroom with bath, basin and WC • Third bathroom specially configured to allow separate guest • Modern Built-in Semi-open kitchen (includes cabinets, fitted hob/extractor fan) • Built-in cupboards in bedrooms • Quality materials and finishes Benefits of Queens Apartments • Sense of ownership • Accessible and secured residential neighborhood • Great view of the Victoria Island • New Eko Atlantic City in close proximity • Choice and sought-after location • Access to Major Business District center - banks, hospitals, schools, restaurants & Entertainment centers. • Rent on short-let when you are not town • High investment rental returns • Shorter period for investment recoupment • Free flow of traffic • Exclusive address, high demand broad way • Caption ( Why paying more to stay, when you can buy/pay less to own) INDICATIVE INVESTOR YIELDS Given the quality of the apartments, the exceptional amenities and position, The Empire Queen’s Apartment offers an attractive living proposition at good value to rental customers, while generating an excellent return to the owner. Sale • a 1 bedroom apartment in Victoria Island sells between N55M – N65M • a 3 bedroom apartment in Victoria Island sells between N85M – N150M Rental • Currently an annual rental price for a 1 bedroom luxury apartment in Adetokunbo Ademola Victoria Island goes between N4.5M – 8M annually e.g. a studio Apartment in Eko Hotel & Suite costs over N40,000 (Standard) per day, over 1.2M per month and 14M per annum. • Annual Rental Value: N8M – N12M • Annual Rental rate: 17% -20% • Total principal Investment returns period: 5 - 6 years LOCATION NEIGHBOURHOOD Victoria Island is one of the best-planned residential and secured neighborhoods in Lagos. Located between Lagos Island, Ikoyi, and Lekki the site is perfectly located for live, work and play. The area is home to several major embassies, including those of Canada, Denmark, Germany and the United Kingdom and several of Lagos’ top high rise buildings civic towers, Nestoil towers and hotels. RESTAURANTS, BARS AND HOTELS Located on the doorstep of Victoria Island, Lagos’ most vibrant restaurant district, it is also within easy walking distance to Eko Hotel & Suite. Other restaurants in the vicinity include Lagoon Breeze Restaurant, My Coffee Lagos, Cross Roads Restaurant, 1415 Fine, Dining Italian Restaurant, The Grill "Steakhouse", Red Restaurnat and Lounge, L'Afric, R.S.V.P. Lagos, Ocean Basket, Villa Medici & Coral Blue Seafood Restaurant, Marco Polo, Kilimanjaro Restaurants etc Hotels in the vicinity are Maison Fahrenheit, The Federal Palace Hotel & Casino, Protea Hotel Victoria Island, The Avenue Suites, Four Points by Sheraton Lagos, Hotel Bon Voyage and Fahrenheit Loft. .