The Coral (Hotel Apartments), Victoria Island

Grenadines Homes is pleased to present to you our latest product, THE CORAL (Hotel apartments). The Coral is a luxury finished block of hotel apartments situated on Water Corporation Drive, Off Ligali Ayorinde Street, Victoria Island, Lagos.

The Rationale:

· Gives residents the opportunity to be in a serene environment and carry out their activities within the business hub of Victoria Island, Lagos
· It also serves the end users of The Atlantic Resort business Tower, who are looking for product more affordable yet iconic and within a prime location like Victoria Island
· The Coral caters for home owners, who desire luxury living.

Product description: The Coral is a 17 floor tower comprising 112 units of 2 Bedroom hotel apartments with all rooms en-suite (with maid rooms)

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

Legal Fee: 5% cost of Purchase Price.
Vat: 5% cost of Purchase Price.
Insurance: max. of 1% after delivery
Mobilization to site: 2nd quarter 2017
Construction: 24 – 30 months from 2nd 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,

For further clarification, please, do not hesitate to connect with us.


Subscribe to our Newsletter