The Coral

Property Description

Grenadines Homes Ltd is glad to introduce you to “the Coral Hotel Apartments” Victoria Island Annex, Lagos, It’s a 17-floor hotel apartment consisting of 2 and 4 bedroom Hotel Apartment with international hotel standards carefully rested on a podium which is a delight to behold over-looking the Atlantic ocean. The 3-floor podium is suitable for private gatherings or just lounging with family and friends. You might wonder why Water corporation drive. It is a location that has been set aside by the Lagos state Government for Hospitality and tourism in the state and thus attracts much returns to any investor/ Home owner who decides to own a piece of luxury. With close proximity to most recognised commercial and modern city in Africa, Victoria Island, The Coral shares same border with the Eko Atlantic giving you the same privilege of the ocean view, its serenity but even better on a natural land building 7meters above the ground level.

The Coral is a seventeen floor luxury finished edifice comprising of 112 units of two bedroom hotel apartments, sitting on a land size of about 5,000sqm and built up area of about 15,876sqm

Each unit has 2 bedrooms (en-suite), a spacious living room, a dinning section, guest toilet, a box room/ store, spacious lobby, kitchen and a maid room (few units) Every unit has 2 parking lots The architects have created a development which connects with its surroundings, offering views across the city landscape and the Atlantic Ocean.

The Coral is a discrete yet tasteful design, using shading and site specific environmental design, the spaces with-in the building feels light and airy with plenty of natural sunlight, without creating an uncomfortable environment during the hottest months of the year.

The 17-floor tower is carefully rested on a podium which is a delight to behold. The 3-floor podium is suitable for private gatherings or just lounging with family and friends. It contains a pool deck, a swimming pool, a garden, sky light, a lounge, gym and a kitchen.

Payment plan:   

• Price: From N76million
• Initial Deposit:  30% of Purchase Price
• Payment Plan: 10% deposit now, 10% after 3 months of payment and 10% after 6month of first deposit while balance is spread over 24 months.
• Tenor: 24 months after full payment of deposit

OTHER INFORMATION

• Legal Fee: 5% cost of Purchase Price.
• Vat: 5% cost of Purchase Price.
• Insurance: max. of 1% after delivery
• Movement to site: 2^nd quarter 2017
• Construction:  24- 30 months from 2^nd quarter 2017

Infrastructure: Uninterrupted Power Supply, Water supply and treatment, Sewage treatment plant, Smoke detectors/Fire alarm, Sprinkler/Dry riser/Fire extinguishing system, CCTV,  Well landscaped gardens, Central air conditioning, Driver’s lounge/cloakroom, Concierge, Crèche, Ballroom, Retail spaces.

Recreation Facility: Swimming pools, Children’s play area, Multi-Purpose court, Open space/Sitting area, Gym.