Briscoe holds the Orchids in Ikeja GRA
The Government Reservation Area (GRA) Ikeja offers one of the highest value locations of land in Lagos and arguably in the country as well. The land is expensive running into hundreds of millions, scarce in supply and so a rational developer would want to fully harness the maximum advantages in any development effort. Most of such developments are essentially re-developments following the approved conversion of the original plans. Interestingly, apartment blocks are a new picture in a landscape that has been dominated over the years by detached houses on large expanses of land. Ikeja shares a very familiar experience with Ikoyi. They were conceived to provide affluent abodes for the cream of the Lagos State and Federal Civil Service respectively at the time when Lagos was still capital of the country.
Briscoe Properties Limited, an old name in the business of real estate development is one of the several outfits turning the sod of the Ikeja GRA into crisp naira notes and smiling to the bank. Orchid Court is one of their current developments in Ikeja GRA, Marie’s Court is another. Orchid Court is located at Plot 6/7, Michael Ogun Street and comprises 4-bedroom terraced house, 3-bedroom semidetached house and 3-bedroom apartment each attached with a servant’s quarters. Marie’s Court is located at Rev. Ogunbiyi Street in Ikeja and comprises 3-bedroom apartment on the ground floor and 4-bedroom terraced house with a boys’ quarters. The units in Marie’s Court are retained in shell form for the buyer to complete and finish them to their own taste.
Orchid Court is an elegant collection of family homes and apartments situated in a secure and private, serene and prominent neighborhood of Ikeja GRA. Other notable features of Orchid Court are the low density character of the neighborhood, excellent spatial arrangement, beautiful landscape, lively architectural exterior and 90 year unexpired tenure which makes it legally attractive.
Orchid Court is fully serviced with a string of facilities that include swimming pool, gym and gazebo. Electricity supply is guaranteed 24/7 round the clock with 3 heavy duty generators complimenting mains supply. Security arrangement is boosted with unique security systems that involve a fusion of CCTV and electric fence. Potable water is sourced from bore with treatment plant. Sewage effluents have a treatment plant and thus help to preserve a decent and hygienic environment.
For Orchid Court, the 4-bedroom Terrace house carries a price tag of N140million, the 3- bedroom Terrace House N135million and the 3- bedroom flat N80 million per unit respectively. Because the units in Marie’s Court are offered for sale in shell form, there is a wide differential in price-n60million for 3-bedroom flat and N90million for 4-bedroom Terraced house.
The target market for Orchid Court is essentially for those who want to buy for investment purpose because the apartments are occupied currently by tenants with tenures that will expire next year.