A FRIENDLY AND COZY EXPERIENCE, ON A SMALL AREA
Description:SANETA is a friendly experience of 5 villas, built on a total area of 950m2. Each villa has an Open Plan kitchen open living space and 4 self-contained bedrooms. Common areas have been set up in the compound for the house staff and all the villas are protected by a single security team. Each villa has 2 parking spaces, and a private rooftop terrace. A shared playground is available for children.
Location: Abidjan, Ivory Coast
Location Type: Mid-Range Residential
Type of Client: Individual
Customer age range: Between 30 and 40 years old
Construction and development: Between 250 and 300 million XOF
Type of financing: Private investor
Counterpart: Partial transfer of the program
Initial investment: Land, 30 million for studies, structuring and legal advice.
Plot size: 950 sqm
Constraint: Family friendly residential area. The spaces were to be designed for middle-class households.
Project Status: Completed. 100% of the villas are occupied since March 2022.
Payback period: 5 years
Net rental yield: 20%
Cash flows generated: By selling one of the 5 villas, the construction costs are partially amortized. The 2 owners each have 2 villas and will be able to fully recover their initial investments in 5 years. The property is rented on a long-term basis, without furniture. Annual rental income is more than 60 million XOF.
