Description

🔥 ALPHA RESIDENCE – SIMPLE INVESTMENT EXPLANATION

📍 Location
Alpha Residence is located at 70 Mobolaji Bank Anthony Way, Ikeja — the prime hotel and business corridor of Ikeja, same axis as Sheraton, Radisson Blu, Marriott, and other major hotels.

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🏗️ What Alpha Residence Is
A luxury short-let apartment development designed specifically for:
• Business travellers
• Airline crew
• Expatriates
• Premium short-stay guests

👉 Guests pay daily, so you earn automatically.

📌 Guarantee:
When your unit is managed by Porch Housing Limited, you enjoy a minimum of 180 booking days yearly (15 days every month).

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🎯 Why Investors Choose Alpha Residence
• Strong and constant short-let demand on a busy hotel corridor
• Generates rental income for 20 years
• Fully serviced and professionally managed
• Option to self-manage if preferred
• Zero stress with predictable income

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🏠 Available Unit Type
• 1-Bedroom Luxury Short-Let Apartments

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💰 Investment Options

1️⃣ Sole Ownership

You own one full apartment.
• Price: ₦40,000,000
• Expected yearly income: Up to ₦10,080,000

Payment Options
• Outright payment
• Installment (up to 4 installments)
• Initial deposit: ₦20,000,000
• Balance spread across 2–4 months

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2️⃣ Tenancy-in-Common (Group Ownership)

Co-own a unit at a lower entry cost.
• Price per slot: ₦9,000,000
• Yearly income per slot: ₦2,016,000
• Earnings are based on the number of slots owned

Payment Terms
• Outright only
• No installment
• No deposit
• No payment spread

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📌 Construction Timeline
• Current stage: Foundation backfilling
• Estimated completion: October 2026

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📌 Why Buying Now Makes Sense
Early investors enjoy:
• Lowest entry price
• Flexible payment options
• Attractive discounts
• Priority unit selection
• Strong capital appreciation during construction

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🏦 Payment Plan & Discounts
• Outright payment (₦40M): 5% discount
• 50% deposit + 2-month spread: 4% discount
• 50% deposit + 4-month spread: 2% discount

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📊 Earnings Breakdown (Simple Maths)
Worst-case scenario estimation, managed by Porch Housing Limited
• Booked for 15 days monthly
• Nightly rate: ₦80,000

Income Generated
• ₦1.2M per month
• ₦14.4M per year

After 30% management fee:
• ₦10.08M yearly (sole owner)
• ₦2,016,000 yearly (per co-owner slot)

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⚠️ Important Notes
1. Premium furnishing can raise nightly rates to ₦120,000+, increasing returns.
2. Porch Housing Limited’s 30% management fee covers service charges. Units not managed by Porch Housing will pay service charges separately.
3. Once construction reaches the 2nd floor, all payment spreads will attract interest charges.

Kindly find attached the Alpha Residence brochure for a more detailed explanation.

I’ll be happy to answer any questions and guide you step by step through the investment process, including inspection, payment structure, and ownership details.

Thank you.

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