Despite the election season, devaluation of the naira, stiff competition from peers, which have forced many investors to hold back, Grenadines Homes, a member of Palton Morgan Holdings, a leading luxury master-craft in Nigeria, showed confidence in Nigerian economy on Monday when it walked into the property market with a new product that offers investors good reason to act and cheer.
The new product, known as Rockhampton Residence by Grenadines Homes, offers opportunity to both investors and home buyers, coming as a 100 percent critical thinking of professionals with full attention to details aimed to provide a sustainable housing solution to the high demand for shelter in Abuja.
Though the current state of the economy and the fact that the country is gradually gearing in for the 2023 election are potential investment threats, the developer assures investors that the new development comes with great potential to yield optimal returns.
Its strength lies in the high demand for residential communities and the recently commissioned Grenadines Resort, Katampe, a well-nested private estate; the pedigree of the brand behind the project, and the developer’s partnership with the nation’s top contractors and consultants on the project to ensure value and quality delivery.
Additionally, Rockhampton is strategically located in a highbrow part of Abuja, Katampe Extension, with prominent surrounding landmarks, making it a great option for investors to get good returns.
It is situated at a sector center of the federal capital city which enables it to insulate the residents from traffic and congestion while accessing major districts such as Maitama, Wuse, and Katampe which are in close proximity to the development.
“These are good reasons not only for investors to cheer, but also to believe in the project. It is a luxuriously designed residential community that focuses on sustainability by integrating man-made housing solutions into the natural environment,” Olatunji-Audu Oladimeji, Director, Business Development at Palton Morgan, noted.
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Rockhampton Residence is located just five minutes’ drive from the IBB Golf Course and the Aso Rock Presidential Villa. It is framed by the iconic Katampe mountain, availing its residents nature’s mountainside ambiance, magnificent views and high ground protection.
It comes with other unique features which include a central location and proximity to town.
Oladimeji disclosed at the launch event that the product has space efficiency, meaning that it is spacious and functional; it is close to nature being positioned on a mountainside, surrounded by mountains and green landscape, while its design is modern with contemporary architecture.
For home buyers and buy-to-lease investors, Rockhampton is the next destination as it offers various house-types including 4-bedroom pent apartments, 3-bedroom luxury condos, 4-bedroom terrace apartments, and 4-bedroom semi-detached luxury villas.
“All these are designed to provide maximum comfort, the highest level of luxury, and unique recreational facilities to the environment at large,” Oladimeji assured.
He added that this new product provides affordable housing for new homeowners; provides a tranquil environment away from the bustle of urban Abuja and also provides luxury living at an affordable cost.
Oluwaseyi Otulana, Chief Marketing Officer at Palton Morgan, noted yesterday that Rockhampton was envisioned to be an improvement over Grenadines Resort in terms of accessibility, nearness to nature, interesting view of the rock, scenery, and complimentary amenities.
Otulana, who believes that all these amenities put together will improve the quality of life of those that will be residing within the development, also disclosed that the development has its target audience.
These include male and female elites, business owners, tech consultants, top bank executives, top lawyers, CEOs, top military officers, politicians, engineers, doctors and Nigerians in the Diaspora.
These are people that reside in places like Lagos, Port Harcourt, Abuja, Ogun, London, USA, Canada, etc whose interests range from luxury lifestyle, traveling, top quality, accessibility and ease, to best-in-class amenities, comfort, exclusivity, security, and high returns.
Those in the secondary group, according to Otulana, are serial real estate investors, individuals or corporate entities who are looking to build their real estate investment portfolio, short-let investment opportunities, and existing clients.
He added that Grenadines Homes is not oblivious of the current economic state of the nation which is why the firm has designed the project and tailored it as a bespoke development with flexible payment plan.
“Buyers can book a unit with just 10 percent down payment and spread the balance across 24 months. We are encouraging every prospective buyer to take advantage of the introductory price and the 10percent initial deposit,” Otulana said
