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Where Quality Meets Value! Medici by Sujimoto

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Medici by Sujimoto - BellaNaija - February2015

Medici is one of the finest collections of terrace apartments in upper end Ikoyi, inspired by the all-time architectural revolution – the iconic Medici. Their all-marbled town houses are a quintessence of contemporary architecture, embodied in seven beautiful luxury terraces, superior in quality, lifestyle & unique to other properties of its kind.

Living Area - A Jacuzzi/Terrace

Living Area – A Jacuzzi/Terrace

 

Living Area

Living Room

Rooftop Lounge

Rooftop Lounge

Full House

Full House – Frontal View

Why Buy Medici?

  • Old Ikoyi is widely perceived as ‘sought-after’ and ‘high end’. Giving that Milverton Road is a prime location in the heart of Ikoyi, it is almost impossible that one can find these values in any other area in Ikoyi, Lagos.
  • It has an Equity Value of 12% to 20% annually.
  • It has the Minimum Capital Appreciation of 30% annually.
  • It has Rental Returns of 8% to 12% annually.
  • Looking at this from the investment perspective, if you invest $1.2 Million, you can get between $75,000 – $100,000 as rental income and $150,000 annually in property appreciation.
  • Sujimoto is optimistic that there will be a rise in the property market in Ikoyi to 18% or 20% in the near future.
Kitchen

Kitchen

Master Bedroom

Pent Bedroom

Pent Room

Master Bedroom

According to Sujimoto – “We have set a precedent and the future calls us to action. We command the skylines“.

Master Toilet

Pent Room Bathroom

Special Features

  • Four bedroom plus one BQ room in seven units.
  • Bespoke duravit bathroom wares.
  • 24 hours armed security with CCTV & video gate intercom access control.
  • Recreational building with a state of the art gymnasium.
  • Prices 22% lower than competitors.

Medici is brought to you by the Sujimoto Group. Their mission is to redefine luxury. They do not only strive to satisfy their clients, they go the extra mile to enchant them with high quality and glamorous edifices.

Watch the Medici Advertorial 

Visit the Sujimoto office and showroom at 14B, Milverton Road, Ikoyi, Lagos | Call: +234 (1) 4564634 | Visit the Sujimoto Website: www.sujimotoconstruction.com | Send an E-mail: [email protected] | Find Sujimoto on Facebook: www.facebook.com/motoconstructionng | Follow Sujimoto on Twitter: @sujimotong | Watch Sujimoto on Youtube: https://www.youtube.com/ channel/UC1Q3PEh495SxXY-npjegTkg

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Advertorial – Sponsored Content

26 Comments

  1. Ginika

    March 13, 2015 at 5:12 pm

    Really beautiful but this one that they collect rent for a year in Nigeria plus deposit… it sounds like someone turned on the money tap into a big large basin!

    • Dee

      March 13, 2015 at 5:46 pm

      Can’t blame them. Nigerians can default on payments ehn. I know what my friend is going through with her tenant.

  2. Bleed Blue

    March 13, 2015 at 5:33 pm

    Truly luxurious looking. Cannot fault that lush interior.

    I like the part that says “if you invest $1.2million”…. Just like that? That’s round about 240million naira oh … abi is this my calculator faulty?

    • asgrl

      March 13, 2015 at 9:18 pm

      LOL, LOL, then you are ot their target market

    • tolu

      March 14, 2015 at 6:57 am

      Lmaooooo!! @ “abi is my calculator faulty”

    • Ginika

      March 14, 2015 at 8:50 am

      Your calculator is not faulty but to be honest, the finishing is of a very high quality!!! I am impressed, it appears to be neatly executed. The outlaying of the tiles are straight, the carpentry and joinery are installed neatly, the flush plastered ceilings and bulkheads are aligned straight, the paint looks of a high quality, the downlighters are neatly cut into the ceilings, the white coated aluminium windows and doors looks like they are installed neatly and we cant forget the finishes are definitely imported!

  3. @edDREAMZ

    March 13, 2015 at 5:48 pm

    a.k.a EDWIN CHINEDU AZUBUKO said…
    .
    Hmmm and someone said money cant bring yu joy and happiness…..
    .
    .
    ***CURRENTLY IN JUPITER***

  4. tyi

    March 13, 2015 at 5:54 pm

    Looks nice, but the ones that can have it can have it.Am rich but sure wont be splurging all my money on this.There is more to life than opulence.

  5. Yinka

    March 13, 2015 at 5:57 pm

    Nicely done but I would have to paint those walls, I love colors in my home.

  6. NaijaPikin

    March 13, 2015 at 6:40 pm

    See what $1.2million gets you in lagos. Google $1.2million homes elsewhere in the world and see what you get.

    Naija we hail thee

    • Lee

      March 14, 2015 at 12:24 am

      You’re not making sense. Stop being ignorant.

    • Lee

      March 14, 2015 at 12:27 am

      “Naija we hail thee”. Some of you talk nonsense. So because this apartment costs this amount, it means you can only get something like this for this amount in Nigeria? Please be reasonable. The stupid hate you guys have for Nigeria makes you reason like empty vessels.

    • Ada

      March 14, 2015 at 9:39 am

      One million likes to tour comment. Mchew . Too tacky to be worth 1.2 million dollars.

  7. Ona

    March 13, 2015 at 8:09 pm

    $1.2 million and no acres of lands surrounding the house? No pool? No golf course? Movie theater? I have seen much luxurious homes (with better extra features) in sugarland, tx and they are even less than this price,…..yet naija had much cheaper service/labor cost. O gunu n’afio?

    • Ona

      March 13, 2015 at 8:10 pm

      *has

    • Sunshine

      March 13, 2015 at 8:39 pm

      Totally agree with you. You will also get a motherload of perks in MD for that amount. A friend of mine has a lot lot of perks for that amount. Her property sits on 2 acres, hairdressing salon, music room, theatre room, sunroom, 2 living rooms, sun room, 5 bedroom ensuite with 2 bedroom in basement with extra living room there and play room. Please this is a rip off. BTW, the chandeller is way too big for that tiny kitchen, its out of place. The town house is not worth more than $120,000. Pleasseee .

    • TheRealist

      March 13, 2015 at 10:42 pm

      But $1.2 million will barely get you a decent apartment condo in the Upper East Side of Manhattan. It’s the market – if nobody was buying, they would not be selling at those prices. On the other hand, if you do not care about living in the so-called .Old’ Ikoyi, I can sell you “acres of land” in my village for that price. Ring me!

    • kemi

      March 15, 2015 at 4:34 pm

      Yes I agree but what do you have in the neighborhood in Upper East?
      There is no luxury estate in Lagos per se
      Yellow buses will pass in front of a $1.2mm apartment
      Mallam will sell biscuit and sweet near it
      Drive for five minutes and you will reach police barrack
      What of the streets?
      Nigeria is too too expensive

  8. Really Concerned

    March 13, 2015 at 9:20 pm

    @Ona- You can say that again. Its really unfortunate that property and real estate value in Nigeria is at very disproportionate rate when compared to developed nations without the commensurate amenities to complement what Nigerian realtors and landlords ask for.
    There is no doubt that the property advertised here is exquisite and luxurious by some standards, however, if one invests $500,000 to $750,000 in real estate in Houston, TX or surrounding cities like Sugarland or Richmond or even in Atlanta, Georgia ( highly sort places like Buckhead, Marrietta, Alpharetta or Rosewell) the quality of the quality of amenities and the environment are justified. Also, $1.2m will buy a mansion with a drive way and some acres in most cities in United States.
    On the other hand, everyone does not live outside Nigeria and there is some patroitism in investing locally but not a cut throat rate.

    • Ginika

      March 14, 2015 at 8:43 am

      Let me explain why you shouldnt be comparing the real estate of industrialized nations to a developing nation. First off, the cost of construction is quite high in Nigeria especially when you are targeting to achieve a very high quality finish. Our artisans and laborers are not very skilled in producing high quality finishes, so in certain cases, the labor is imported. Most of the finishes used in this development are probably imported and my guess would be 95% of it. From the toilets, to the taps, to the tiles, the ceilings, the lighting, the paint used, the cladding etc. The items probably locally sourced would be the paving, the blocks and co. Until we improve our construction industry and the manufacturing industry, we will unfortunately be churning out very expensive high finish quality real estate property!

    • fleur

      March 14, 2015 at 2:10 pm

      Ginika, you are clearly an industry insider. So tell Me what precludes us from opening a training school to produce the right skill sets for the industry? I have wondered at why we Keep importing labor even to build our houses!

  9. Adelaide

    March 14, 2015 at 12:28 am

    No space

  10. Tee

    March 14, 2015 at 4:40 am

    I didn’t even see the $1.2 Hahahaha! Whoever built this is a thief! Ahn ahn! Kilode! House are cheaper, bigger and better in Texas. (Everything is bigger in Texas), compared to the east side, I’m sure people who live in New York can get a simple 1 bedroom condo for 1.5k a month, in Texas(Houston, Katy, cypress, sugar land) you would be living pretty good for that price. My point is, labor is cheap in Nigeria, Texas has cheap labor(thanks to illegal immigrants), so please someone explain why this house/townhome is $1.2 million. Okay they had to ship all the fancy stuff! But still. I want a realtor or someone good with this thing to give us an estimate by just looking! Kilode?
    Oh I forgot it’s in Ikoyi. The ground is made of silver and gold, the water that runs outta the faucet is liquid gold! Hiss

  11. tee

    March 14, 2015 at 11:07 am

    All those houses y’all locked up in ikoyi, Victoria island, lekki, will collapse when people don’t live in them.

    To justify the amount you want, you put tiles and try to over do the thingy,we see, however, be reasonable and stop spending money on advertising hoping people will be stupid after a while, the banks have spoilt You guys and they got burnt long ago, didn’t you get the memo?

    You don’t need to promote houses in Ikoyi, the people that have the money have houses there and they know the value. On a brighter side, Bella Naija gets paid at least you think her readers are that wealthy, good to know

  12. yakam

    March 14, 2015 at 2:38 pm

    @tee…[email protected]…….you guys are right…..the entire real estate in africa is not even up to %5 of what you have in houston and austin tx alone. although it actually cost more to build in nigeria but my guess is that real estate firms in nigeria are greedy.

  13. Sujimoto

    March 16, 2015 at 10:57 am

    Thank you Ginika. You seem to be vast in the real estate industry. We appreciate your comment and will continue to do our best to meet international standards.

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