We introduces The Oceanna Hotel. The journey to The Oceanna Hotel begins with buying a Studio, one or two bedroom unit, to earn a lifetime stream of increasing income or to live-in.
The Hotel will be operated by a renowned hotel brand that would deliver high yield on your property investment.
Designed by HOK Architects, the designer of Dubai Marina, Emirate Stadium & The Flames of Azerbaijan, The Oceanna Hotel is branded by Brash Brands, the creative branding agency that breathed life into the world's tallest building, Burj Khalifa Dubai and constructed by Cappa and D'Alberto
• Pre-sale price now N78.445 Million
• 29% annual ROI
• Flexible payment plan - 10% initial deposit
• Up to 30 months payment tenure
• Mortgage Facility - Stanbic IBTC
About The Oceanna Hotel Apartments:
The Oceanna Hotel is a magnificent 26 floor tower, sitting on a footprint of 1084sqm. The Oceanna Hotel Apartments provide a distinctive lifestyle with state of the art - Swimming Deck, Helipad, Virtual Golf, Art Gallery, Tennis Court, Limo Services, Restaurant & Bar, Luxury Retail Outlets, Business Meeting Rooms, Library, Spa, Gym, Sea Life, Water Cascade & Fountain, International Conference Centre, Outdoor Terraces and Concierge
The Oceanna Hotel is made up of 2 bedrooms, 1 bedroom and studio apartments with fully equipped kitchen spaces. Each hotel room is outfitted with opulent fixtures, fittings & furniture.
Why The Oceanna Hotel Apartments?
• COMMUNITY OF DISCERNING INVESTORS - be part of a community of investors who will earn a life-time stream of Increasing income.
• HOTEL APARTMENT - a seamless transition to upscale living. At The Oceanna Hotel Apartments, there will be no maintenance obligations, repairs, dealing with agents and no yard to maintain.
• SHORTENED PAYBACK PERIOD - The Oceanna Hotel Apartments offer 7-8 years post - construction payback period based on an average yield of 14% while investments in typical real estate assets offer between 17-20years payback period based on the yield of 5-6%.
• BEST PROFESSIONAL SYNERGY IN THE WORLD - The project prides itself with a tapestry of diverse top professionals in architecture, engineering, interior designing, brand & marketing, hospitality, costing, finance, and construction.
• OCEANFRONT - a rewarding investment - excellent re-sale value with high yield. The scarcity of oceanfront properties allows it to retain value over a longer period as compared to properties in the city hub.
• ECO – FRIENDLY - The Oceanna is a mix of sculptural and visual art with natural appeal. Rich, inviting and a shift away from the box, to something more organic, more natural.
• A BRANDED EDIFICE - The Oceanna boasts of cutting-edge architecture with a strong tourist appeal, thereby making it a choice destination for doing business.
RETURN ON INVESTMENT (ROI) ASSUMPTIONS
• Hotel room rate has been conservatively used at the discounted N96,000/Night for purpose of analysis above with a 3% year on year increase.
• Higher yield is earned on the non-discounted (actual) hotel room rate
• Occupancy rate is from minimum of 52% with annual increase of 7% in the 2nd & 3rd year of operation and 2% in the 4th year
• Hotel general management & maintenance cost is at 50% of the revenue generated
• Rental yield in Grade A residential properties in Victoria Island and environs is between 4%-6% per annum which is far below the yield of 14% obtainable at The Oceanna Hotel Apartments in the 1st year of operation
• Return on investment in The Oceanna Hotel Apartments is at an average of 29% per annum which includes average yield of 14% and year on year capital appreciation of 15%
• Investments in money market instruments - treasury bills, government bonds and time deposits give 18.5%, 13.5% and 12% respectively which are lower than the 29% returns obtainable in The Oceanna Hotel
• All costs have been considered in arriving at the average ROI stated above
NB: For more information and enquiries, contact RealtyLutay