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Our most recent core-plus product is a community go-to shopping mall, conspicuously placed in the busiest retail corridor of Lagos' Ikeja-Alausa Central Business District.
The center boasts of leasing momentum of 1,063sqm of gross lettable area since 2021, and 108 square metres of vacant space; given it a significant upside potential through higher occupancy and cash flow, as well as access to long-term tenants with fair years of tenured space.
The mall's long-term cash flow and value creation opportunities also includes:
✅️ 1,171 square metres GLA.
✅️ 4floors retail centre with a design mix of rugged Nigerian and fine-honed international structural details on land measuring 2,280sqm and ample parking space + 24hrs power and water supply, security coverage including CCTV surveillance.
✅️ The 18 stores retail centre having a combinations of lock up, open plan and see through glass categories with sizes ranges from 20sqm, 50sqm, 100sqm to 250sqm respectively.
✅️ Average Annual Capital Appreciation Rate at 11%.
✅️ Occupancy and vacancy rates are 91% and 9% respectively.
✅️ Rental growth opportunities in the market stand at 20% - 60%, with a Loss-To-Lease at 50%+.
✅️ Net Operating Income and Effective Gross Income for this asset class with excellent leasing and management set-up stand at 8.80% and 12.50% of Market Value.
💡 If this is an investment you've always wanted to make, we're just a phone call away and would love to talk about how we can help you achieve excellent risk-adjusted returns.
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☎️: +234-806-877-4629 08087467558
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