According to reports, demand is such that despite Nigeria’s present economic downturn, buyers are prepared to purchase property so long as they would be getting the right value for their money in addition to good quality residential units in attractive locations.
As one of the top real estate markets on the continent, Nigerian property development firms continue to explore the market for ‘perfect’ waterfront property which experts say could attract seven buyers per property. The only problem is that there is an under supply in areas like Victoria Island Annex with an increase in demand from discerning customers; not to mention those interested in owning affordable beach front properties. This is where one of Nigeria’s most prestigious and respected high-end property development firms comes in.
Grenadines Homes has officially launched a fully-serviced (five star) HotelApart; called The Coral in a beachfront location within Lagos.
Consisting of two bedroom apartments, Coral HotelApart is located at Water Corporation Drive, Off Ligali Ayorinde Street, Victoria Island. Not only are these apartments stunning and thoughtfully designed, but residents will experience the convenience and luxury of a hotel while feeling at home; something which is a rather difficult feat to achieve, especially in Lagos. More importantly, the prices for the 112 units of two bedroom hotel apartments are naira-denominated.
Living in a hotel has its many advantages – a serene abode that allows you to disconnect, and ushers you into an opulent sanctuary, giving you the feeling of an all year round holiday. Speaking in a recent interview, Adeyinka Adesope, the Group Managing Director, Grenadines Homes explained that within the whole craziness of Lagos, where there’s a lot of traffic and time wasting, residents will have an opportunity to be in one location and do everything they need to do, in one ideal beautiful serene location. “It is very different from everything else I have seen happening within Lagos,” added Adesope.
Additionally, there are a variety of options to choose from with each unit of the Coral. This then materializes into both a statement of personal taste and thoroughness of a bespoke finishing. Consisting of seventeen floor luxury finished edifice comprising of 112 units of two bedroom hotel apartments, Coral sits on a land size of about 4,000sqm and built up area of about 15,876sqm.
The 2 bedroom apartment type A contains family living room, dinning section, bedrooms, kitchen, box room and guest toilet. All bed rooms are en-suite. The Type B on the other hand contains a family living room, dinning section, bedrooms, kitchen, box room and guest toilet. With all bed rooms are en-suite and a maid room in addition to other rooms.
All apartments have a large terraces, lush gardens for outside living, outdoor swimming, parking space for residents and guests, with a fully equipped Gym, Tennis Court, Landscape Gardens, children play area, restaurant and sea views.
It is well known that people who own beachfront property have been proven less likely to live stressful lives due to their exposure to the many health benefits the sea and sun provide. However there are still a few concerns that residents usually have about safety.
During the launch of The Coral, Francisca Dyegh, GM, Sales and Marketing explained some of the measures put in place to ensure that customers feel safe and secure. “From design stage, first it was established that the plot is going to be at least 7meters above sea level; and that is very high. Also for this project there is no excavation, we are not going to dig on the ground,” she said.
“In the future there will be a coastal road which will be about 5 feet above sea. If you notice what’s going on along the coastal line, a wall is being built. This means our property is right on the other side of where the Eko Atlantic wall is located and so a lot of ocean surge will be protected,” Francisca further stated.
While living such a luxurious lifestyle is a dream not everyone can realistically experience, potential buyers and subsequent residents should not be limited by choice or taste. By creating a development which connects with its surroundings, provides added incentives and allows for bespoke fittings, coupled with an articulate expression of design, Grenadines Homes is truly committed to building treasures for you.
