Among the available houses for sale in Lekki, my team and I took a special interest in Gracias Residences for 2 main reasons:
- Gracias Residences is very affordable. When we compared Gracias Residences to Amen Estate Phase 2, Gracias stood out in terms of price. Although they share the same landmarks, the cost of 2 units of 2 bedroom flats in Gracias Residences is almost equal to that of a plot of land in Amen Estate Phase 2. That’s one of the best real estate deals presently in town.
By implication, if you buy 2 units of 2 bedrooms flat from Gracias Residences, that will sum up to just N16,000,000.
Put the high cost of building materials, labour and other miscellaneous expenses in the country into consideration, it is glaring that Gracias Residences is a good buy.
- The cost of renting a similar apartment at Ibeju Lekki and its environ on average is N1,000,000. So, rent paid for such an apartment for 8 consecutive years will accumulate to the amount you need to own the property now. Thus, anyone presently considering one of the available houses for sale in Lekki will find Gracias Residences a wise decision.
In addition to all these benefits, the developers of the estate made the payment plan very flexible.
See the plan below:
(i). Outright Payment
One Bedroom Flat – 7,000,000 Naira
Two Bedroom Flat – 8,000,000 Naira
(ii). 3 Months Payment Plan
One Bedroom Flat – 7,250,000 Naira
Two Bedroom Flat – 8,250,000 Naira
(iii). 6 Months Payment Plan
One Bedroom Flat – 7,5000,000 Naira
Two Bedroom Flat – 8,5000,000 Naira
(iv). 9 Months Payment Plan
One Bedroom Flat – 7,750,000 Naira
Two Bedroom Flat – 8,750,000 Naira
(v). 12 Months Payment Plan
One Bedroom Flat – 8,000,000 Naira
Two Bedroom Flat – 9,000,000 Naira
Interested buyers can pay a minimum of 20% initial deposit and balance off with their monthly installments as agreed between them and the developer.
At the payment of 20% initial deposit, the buyer will be given a receipt of payment, invoice, and a contract of sale. The house will be allocated to him when 75% of the money has been paid.
It is important to note that the flat will be delivered with all external finished, walls plastered, all windows and main external doors fixed, external painting done, electrical and plumbing piping done and upper floor ceiling done.
The internal fittings will be left for the client to do to his/her taste. In case you want the developer to do the internal fittings, that will require additional cost depending on the quality of materials chosen by the client. There are 3 categories of quality you can choose from A, B and C.
Gracias Residences has admirable estate features comprising of accessible roads, perimeter fencing, drinkable water connection, street light, CCTV camera, Drainage system, sanitary sewer system and 24 hours electricity by solar and inverter.
Being in the neighbourhood of Gracias Commercial Estate, Rehoboth Estate, Dangote Refinery Complex, Power Oil Industry, Kellogg International Ltd, Lekki Deep Sea Port, Lekki Free Trade Zone, LaCampaigne Tropicana Resort, several private beaches and several upcoming estates will make anyone who invests in Gracias Residences enjoy supernormal capital gain on their investment.
Location of the estate
Moonstone, Okunraiye Town, Ibeju Lekki, Lagos Nigeria.
Certificate of Occupancy
5% of the total cost of the house
Deed of assignment is 5% of the total cost of the house
N2,000,000 (You can pay it in several installments).