As Work Begins On Phase 2 & 2
There is this new estate in Lekki that everyone is talking about right now. It’s called Victoria Crest Estate. It is located opposite Buena Vistate Estate by the 2nd Lekki Tollgate. It has been done in Phases. The 1st phase is made up of 92 units 2nd Phase is 76 units, while the 3rd phase is 54 units.
So attractive is the 1st Phase that 40 units have been fully delivered and sold. The subscribers were shocked when they took delivery in 9 months. Work has already commenced on the remaining units in Phase 1. Work has already started on Phase 2. and it will be delivered in tranches. And the two estates have been fully subscribed.
Why Victoria Crest Estate is selling hot is because it is a fully secured estate and it offers affordable prices. When Phase 1 started selling it was N25 million and now it is N30 million. City People gathered that people who first bought units there have earned the capital appreciation of 20% in less than a year. It was completed in April. The others are waiting to take possession.
The property developer, Kennedy Okonkwo, who is the MD/CEO of NEDCOM OAKS Limited says Victoria Crest is part of his companies Affordable Home series targeted at 1st time home buyers and smart investors. It’s built to finish. It sells at N30 million and rental value is between N1.8 million to N2 million a year. This means in 15 to 16 years, owners can recoup their investment based on great rental return.”
Victoria Crest Phase 2 which is under construction is now selling. All you need to do is to pay 30% initial deposit and own your dream house @ the right price. What type of houses is in Victoria Crest 2? Victoria Crest 2 is made up of beautiful contemporary 3 bedroom affordable terraces with and without BQ where intelligent design meets aesthetics to create the perfect backdrop for the modern lifestyle.
It has a high-quality contemporary specification that includes: *Built to finish 3 bedroom terrace duplexes, *All rooms ensuite, *Fitted wardrobe and cabinets, *Stainless steel staircases and balconies, *Turkish security doors, *Quality Tile Finishing, *Generous living areas, *Spacious main plus family lounge, *Gatehouse, *Fitted Kitchen with cabinets, kitchen sink and tap, *Beautiful ambience and great neighbourhood, *Street lights, *Excellent drainage infrastructure, *Central water treatment plant *Ample parking space and many more.
For enquiries call Miriam on 08186473127, Nduka on 07084070008, Ichechi on 08097088878 and Levi on 08134565135. But that is not the only houses Nedcomoaks is offering. It also has the Dream Court Series in Lekki, Lagos from Phase 1 to Phase 7. That is the middle-Income luxury series The Dream Court IV is now selling for an Introductory price of N44 million.
It is made up of 30 beautiful contemporary 3 bedroom luxury apartments with BQ Dream Court IV is where intelligent design meets aesthetics to create the perfect backdrop for the modern lifestyle. The 3 bedroom luxury apartment with BQ has a high-quality contemporary specification that includes: Two (2) car slot per apartment, rooms all ensuite, Optic fibre internet, Lounge Area, Swimming Pool, 24-hour power, Fully serviced apartment. All you need do to own one is to make 30% down payment.
These estates are being developed by Kennedy Okonkwo who is still under 40.
Kennedy Okonkwo is a big player in the real estate business in Lekki. He runs a successful real estate company called Nedcomoaks Limited. He works hard. And he works round the clock. He is a hands-on boss who rolls with his workmen. If you are not told who Kennedy is you won’t know he is one of the biggest players in the real estate sector in the Lekki axis of Lagos. He sits atop a flourishing real estate company that is 10
But Kennedy does not wear his success like a badge. He has remained simple and humble to a fault. And he is consumed by his passion for building affordability houses all over Lekki and its environs. He started from the scratch like most businessmen, but today, he has built up a formidable empire. When he graduated from University of Ibadan in the year 2000, it never crossed his mind to establish his own business, not to talk of going into properties. He was just 23 then.
He was posted to Chinto Technology Limited, an IT firm, for his Youth Service programme, where he was retained due to his excellent performance. He later left Chinto to XL Human Resource Outsourcing. Okonkwo worked in various units at Amazon Energy and also as a Business Strategy Advisor to the MD/CEO of the company.
It was while working at Amazon Energy that he incorporated Nedcomoaks Limited and not too long after, he left Amazon to nurture his company and from that point till today, Okonkwo confessed that life has never been the same.
While doing the 9am-5pm jobs, he was able to acquire a Masters in Marketing from the Lagos State University (Lekki campus) and also attended various management courses both locally and internationally. Okonkwo, who is a native of Ojoto in Idemili South Local Government Area of Anambra State, has carved a niche for himself within this short period of time.
Since he ventured into property development he has successfully completed countless projects. This includes the initial 7 blocks of Build-Operate and Transfer properties he leased and developed at the Oniru resettlement scheme between 2005 and 2006.
He operates from Chevy View Estate in Lekki, opposite Chevron oil.
How did he build a small company that used to operate from a briefcase doing Build -Operate and Transfer properties at Oniru into the big business he runs today. “Through passion, I have grown into becoming the big company we are today because of passion. We have not done badly. Rome was not built in a day. For a company that used to build 10 units of houses a year, to building over 160 units this year we are progressing. Looking back we have made progress, and as the years go by, we will continue to improve.
We have different categories of houses that we have developed because we know that not everyone will live on Banana Island or Ikoyi. We are presently building some terrace homes, that we call ‘Victoria Crest’.”
From inception, “Nedcomoaks made it a policy to build the best projects at the most economical prices throughout Nigeria.” This strategy, coupled with our unwavering reliability and dedication to quality buildings, has made Nedcomoaks one of the most highly respected building construction companies in the property development business.
“We are dedicated to providing custom-tailored solutions and high standards of advice. We take account of each customer’s budget, timeframe, social status and the opportunities available. We take a pragmatic approach to solving problems, prioritizing our customers’ specific needs to give them the value they deserve. Our reputation and our people are our greatest assets as a company and we believe that with technology and a motivated workforce delivery deadlines can be easily achieved.
Nedcomoaks will be 10 years in 2016. “We started at the Oniru family land area. In the past years, we have developed over 600 properties. Presently we are working in the Chevron area where we develop about 60-70 family units each year. Through the development of these properties, we have provided employment for over 1100 people, directly and indirectly at our different sites.
Despite his success in business, Okonkwo frowns at the challenges affecting his business like infrastructural deficits; a situation where a developer after completing a building, has to provide power and build roads to services those houses. All these add up to increase cost to the cost of owning homes in the country because developers transfer the cost to buyers.
“Most importantly, we have the problem of the huge interest rate being charged by banks, mortgages are not readily available and where you have these mortgages, they go for double digits, which is not what is applicable in other countries of the world.
On how government can help Okonkwo said the government can provide basic and needed infrastructures. The government should also make available easily accessible funds to real estate developers, so as to make the job much easier thereby providing an enabling environment for the attraction of foreign direct investment in the sector.
He says what has helped him is his good reputation. “Good reputation and integrity are important in business because even when the economy is bad, your reputation and integrity can keep you going. So, you must maintain a good business name if you want to be successful..”
(CitypeopleMagz)
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