LONG LEASE; THE FUTURE OF REAL ESTATE INVESTMENT

THE FUTURE OF REAL ESTATE INVESTMENT

In 2021 the United Nation released statistics indicating that the housing deficits in Nigeria are estimated at 22 million homes. This means that 22 million Nigerians are in need of homes and in 10 years, this number is likely to double. The housing deficit in our part of the world has resulted in millions of Nigerians being out on the street. In addition to this, millions of Nigerians find it hard to see themselves investing and are rarely presented with meaningful investment opportunities or opportunities to own homes of their own, and even the ones they come across end up being fraudulent schemes. Over the past couple of years, Real estate companies in Nigeria have been established with the intention of eradicating the housing problems in the country as well as providing sustainable investment opportunities. By providing real estate investment opportunities for countless Nigerians, real estate development companies may greatly aid in ensuring the drastic reduction of housing deficit as well as providing opportunities for financial growth in Nigeria and one major company that is currently working towards those goals is FlinX Realty.

WHAT IS FLINX REALTY?

FlinX Realty is a real estate investment and property development company, located in the heart of Lagos, which aims to provide Nigerians with sustainable ways to comfortably invest in real estate with a guarantee of high profit returns by providing affordable and sufficient real estate properties and investment opportunities. By offering a range of services from property development, sale, lease, and management — to crowd funding and fractional real estate ownership, FlinX realty guarantees integrity and accountability for all their clients and investors, priding in having a topmost priority for client satisfaction. Over the past 2 years, Flinx Realty has grown beyond measures by successfully developing over 5 major projects aimed at their cause as well as gaining and retaining the trust of over 200 investors.

With a focus on long term leasing as the new development in real estate investment in Nigeria with high-profit returns, FlinX is championing this new drive and currently focusing on long term lease apartments.

WHAT IS LONG TERM LEASE?

Long-term lease apartments are apartments with a lease in which the agreement term is ten years or longer. Long term leases offer more stability with longer agreements, at standard rates for the area. It means that for each year of the lease, one will be receiving a consistent rental income, making it much easier to budget and plan for repairs or upgrades. While full title ownership may still be considered the most comprehensive and permanent form of ownership, a long-term lease can be considered an alternative. Individuals can conveniently own affordable properties for a certain period and make high profit returns from it. When an individual invests in a long term lease property, they sign an agreement to own the said property for a stated period for a certain sum, after which they receive their periodic profit returns on the property. One such of these properties are the Oxford and Cambridge apartments by FlinX Realty.

WHAT PROJECTS HAVE FLINX REALTY DONE?

With the aim of securing a stable financial future for everyone through profitable real estate investment solutions, FlinX Realty developed some of their major projects including the Oxford Prime, Oxford and Cambridge apartments. The Oxford and Oxford Prime apartment are 2 floors of relative grandiose, located in suburbia Surulere, Lagos while the Cambridge apartments are 3 floors located at Fadeyi, Lagos. They include units of spacious studio and one-bedroom specific apartments with modern fittings and facilities. 

(During construction)

This project is aimed at securing the financial futures of individuals willing to invest by providing individuals with apartments they can buy out rightly or by payment plans and allowing them to enjoy being landlords. At FlinX Realty, Through the Oxford Prime Apartment that is currently available for a 20-year lease, there is a guarantee to investors a yearly income of at least N500,000 for the next 20 years. These apartments are even in close proximity to the area’s major landmarks such as the National stadium, Leisure mall, Surulere mall, and Tejuosho Ultra- Modern shopping centre, just to name a few.

(Completed building)

The studio apartments were available for lease at 4 million Naira, having a rental value estimated at N500,000 – N700,000 per annum, while the one bedroom apartments were available for lease at 8 million Naira, with a rental value estimated at 800,000 Naira – 1.2 million Naira per annum. Even with this current estimation, the rental values of these apartments are likely to increase as the years go by. All these apartments, including the Oxford and Cambridge apartments were all successfully sold out.

Long term lease may just be the future of real estate investment in Nigeria, securing the accommodations of people for a long period and FlinX realty is making sure it happens. There are endless possibilities with this investment, from financial security to a solid retirement plan.

 It is really for everyone. Providing affordable and rewarding real estate opportunities with the aim of changing financial realities one property at a time.

FlinX Realty is simply a guide to real estate bliss, ensuring that the entire investment process is stress-free, easy, and complete bliss for all clients. By providing profitable real estate investment opportunities in Nigeria, FlinX Realty is here opening a new reality for a lot of Nigerians.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

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