atlantic resort brochure summary

www.grenadineshomes.com

ATLANTIC RESORT BUSINESS & RESIDENCE

PRE-LAUNCHING THE

EXECUTIVE SUMMARY

Atlantic Resort, conceived in response to the demand for Grade A office

spaces which continues on an upward trajectory due largely to the size

of Nigeria’s Gross Domestic Product (GDP), growing population,

emerging middle class and more specifically the thriving business

environment in Lagos owing to economic activities in the state.

There has been an increase in the number of Global Firms venturing

into Lagos. Consequently, investment into mixed used developments

has become a viable venture, as global firms gaining inroad into

Nigeria market elect to have there executives who are majorly

expatriate in close proximity to their working place e.g. The new BAT

Tower on Kingsway Road.

EXECUTIVE SUMMARY


Average rental income per sqm based on the above is $800.

Meanwhile none of the mentioned properties will rank in standard

with Atlantic Resort, therefore, the rental rate on this proposed project

will be higher than the average upon completion.

Your investment on Atlantic Resort will yield an average of 37% by the

3rd year.

ANALYSIS OF RENTAL COST OF GRADE A OFFICES

Civic Towers VI $900

Landmark Towers VI Annex $1,000

Churchgate Towers VI – Beside Law School $650

FF Towers VI – Ligali Ayorinde $1,000

Nipost Towers VI – Adeola Odeku $800

OFFICE LOCATION COST/SQM RATE OF OCCUPANCY

100% leased out

90% leased out

90% leased out

80% leased out

85% leased out


PROJECTED ROI ON ATLANTIC RESORT

– Ozumba

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

year 1 2 3 4 5 6 7 8 9

Cap. Ap Rental Return Total Value

Independent Ownership - Purchase of quarter of a floor or more i.e.

250sqm.

Pool Ownership - For investors who want to buy 1 or a few sqm, their

investment would be managed by Stanbic Trustee. A realtor will be

appointed to lease out the property upon completion and Stanbic

Trustee will share rental income amongst owners.

Whole Apartment Ownership - For owners or investors who want to

buy a whole unit i.e. 1 or 2 bedroom apartment.

Pool Ownership - Same as offices.

RESIDENTIAL

OFFICE

SALES SCHEMES


1sqm

N1,293,400 per sqm

30% Initial deposit i.e. N388,020 and spread balance over 24 months (N37,724.17 per month)

Unit purchased will be held in Trust by Stanbic Trustee upon completion in a pool for owners

Realtor will lease out the property upon completion and rent shared by Stanbic Trustee amongst owners

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OWNERSHIP OPTIONS

250sqm i.e. quarter of a floor

N1,293,400 per sqm = N323,350,000

30% Initial deposit balance spread over 24 months

Upon completion of construction, owner occupies or lease out unit

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Atlantic Resort, away from the maddening crowd and yet within the excitement of the business center of Lagos, Victoria Island. Birthed differently to be

the most iconic destination for work, live and play in Africa – a symbol of excellence. This project is to be built on 3.4 hectares of land, comprising of 1

commercial tower and 2 residential towers. It is located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island and overlooking the

Atlantic Ocean.

Conceptualized by the UK arm of HOK, the largest Architectural & Engineering firm in America working in conjunction with ECAD architects. HOK

Architects designed the masterplan for Dubai Marina. A 5-Star concept requires the best of contractors to execute that is why Grenadines Homes has

pre-qualified leading contractors in Nigeria such as Cappa and D'alberto, Elalan and Julius Berger for the execution of this project.

Brash Brands, the creative branding agency that breathed life into the tallest building in the world, Burj Khalifa Dubai, is defining the unique

personality of the Atlantic Resort for attraction, sustainability of value and class for would-be investors and home owners.

It's not just another high rise project, Atlantic Resort is the Beauty and the Brilliance, the Style and the Substance.

‘Your individuality and vision are reflected in the place you choose to work or live in.’

ATLANTIC RESORT BUSINESS & RESIDENCE


thOffice Address: 11 Floor, Churchgate Towers, PC 31 Churchgate Street Victoria Island, Lagos, Nigeria.

Tel: 01 - 4535098, Web: www.grenadineshomes.com

FOR ENQUIRES:

atlantic resort brochure summary

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