One admirable feature of the internet is its ability to be an equalizer, essentially acting as an access point to anybody with a connection.
In the last 10 years, we have seen more people gain access to investment opportunities that were before restricted to the top 10% of society. This has, in turn, changed the game for investment in securities, real estate, agriculture etc.
Short-lets are an incredibly lucrative investment as can be seen in the rise of short-let booking platforms in Nigeria like:
- Shortlets.ng etc
Data from Airbnb indicates that Nigeria, Lagos specifically, is one of the fastest-growing markets annually.
There are many reasons why this might be the case, from the large population that Nigeria has, to the fact that Lagos is the business hub for Africa and attracts 25,000 new people from across the world every day.
A strategically located short-let apartment in Lagos is a cash cow as there is usually no shortage of demand. As illustrated here, the numbers are staggering, with the possibility of earning up to 80% return per annum after costs, for a well-managed property.
Some of the biggest barriers to earning from short-lets are:
- Startup Costs: The cost of getting a suitable apartment for use in prime locations tend to be very high and might be an unacceptable risk for a beginner. Furthermore, there are costs associated with getting the space up to the standard required for premium short-lets.
- Lack of Experience: Operating a profitable short-let business goes beyond setting up and listing the apartment. It is important to understand how to position your listing to get bookings and get good ratings by giving guests good experiences. There’s also the need to understand how to deal with issues when they come up.
Now, outside of owning and running a short-let business, another way to may money from this fast-growing subsector would be to contribute to its growth vis investments.
Cofundie’s stated mission is to break any barriers to investing in real estate for middle-income earners and provide access to credible and profitable real estate investment opportunities. To that end we have partnered with Tempohousing, Nigeria’s foremost cargotecture company, to give you access to a short-let investment opportunity in Lekki Phase 1, Lagos Nigeria called Cliffs Haven.
For N20,000 you can buy Slots in the project and earn a quarterly return from rents collected by the property manager. This project has been put through our extensive due diligence process, with project partners verified to be the best in their fields, having a reputation for efficient delivery.
Tempohousing Nigeria will handle the construction of the project which is expected to take a maximum of 12 months. After which the units will be managed by expert property managers with multiple years of experience with property management in the shortlets space.
Tempohousing Nigeria has been building residential and commercial spaces in Nigeria over the past 7 years with footprints in 19 states of Nigeria including Lagos, Oyo, Abuja, Anambra, Edo, Jigawa, Sokoto etc.
They have also delivered units to prominent clients like UBA, FCMB, Aliko Dangote Foundation, Filmhouse Cinemas, Lagos State Government etc.
To learn more about how to invest in Cliffs Haven click here.
Cliffs Haven Project
Slot Price: N20,000
Projected Return: 60%
Hold Period: 12 months
Developer: Tempohousing Nigeria Limited
Primary Material: Used Shipping Containers