An investment opportunity is beckoning on yield-hungry investors as Lifestyle Property Development (LPD) in collaboration with 3INVEST, a real estate investment company in Nigeria, enters the property market with Riviera Waterfront Residence.
Located in the upscale East Legon, Accra, Ghana, Riviera Residence is a unique mixed-use development overlooking a magnificent man-made lake and encompassing an all-inclusive city lifestyle that offers living, play and leisure experience.
The development is a sought-after waterfront address in Accra with 78 apartments consisting of studios, 1-bedroom, 2-bedroom and 3-bedroom units as well as penthouses with lakeside views seen through the high ceiling-to-floor windows and splendid balconies.
The Riviera Residence lies within the thriving suburb of East Legon, which is fast becoming the jewel of Accra, and is close enough to the Katoka International Airport which is most desired for tranquil living away from the congestion of inner city dwelling.
“Riviera Residence will make a good real estate investment because of the location and competitive price”, said Ruth Obih, the CEO of 3Invest, at the launch of the project in Accra recently.
Ernest Hanson, Director at LPD, says Riviera Residence is a once in a lifetime real estate opportunity that they believe will be transformational. “We are creating a new housing solution targeting a higher proportion of international investors. No other development in Accra can offer you waterfront city living at prices that we believe are extremely competitive,” he said at the launch.
Hanson believes this landmark development caters more to the budget of aspiring homeowners and savvy investors and, according to Lamudi, Nigeria’s leading online property market place, East Legon is an area in high demand, noting that 21 percent of online searches for property are for East Legon.
Riviera Residence lakeside apartments offer unbeatable value for money and is well located for work, living and relaxation in close proximity to A&C Mall, a University, banks, and schools.
In terms of facilities, this 5-storey development boasts of ample covered parking space, 4-storey high infinity swimming pool, backup water reservoir, fitness centre, a fully secured children’s play area and a multi-purpose clubhouse which can be booked for private resident functions.
Due for completion by last quarter of 2016, the development is designed and managed by LPD—a real Estate company with proven experience in property development and management with outstanding residential projects to their credit such as Beaufort Ridge. They are also responsible for the fit-out of offices in One Airport Square.
3Invest has been appointed the exclusive partners to market Riviera Residence in Nigeria and to promote the development to savvy investors and homebuyers looking to own foreign properties, in the country. The value of this property guarantees investor yield of 10 percent to 20 percent at current market rates and also guarantees strong rental demand. Interested parties in this investment can make further enquiries as to how to proceed by contacting 3Invest, the project’s leasing agents in Nigeria, for further details.
Source : BusinessDay