 All right, so we say thank you for keeping the faith and for being there This is the time you have been waiting for the time. We bring developers of real estates the buying public and the financial Institution to the transaction table. We show and help you close those property deals with the support of Available financial institution cut-seek. Am I okay run associates? Of course the professional representing the household name MIO coral in real estate and property is there with us and It's always a pleasure having him. I asked him if he brought us any Give away plots plots of land as Christmas give Welcome you to the program You know the verbal word doesn't it doesn't do even if he says take Documents must be right. Yeah, so the topic for this week is commercial real estate now. Tell us what is commercial real estate? All right, I'm Helen compliments John Good morning viewers. Well, let's start with them. Let's have that simple simple explanation of commercial real estate commercial real estate is Is that property that? Generates has a potential to generate income or profit through Either capital gains or rental incomes So once you have any property any property that can generate income for you whether yearly or weekly or monthly It could be classified as a commercial properties Okay, and it's also very important that we have you understand this despite that we have commercial properties and residential properties There are residential properties as that also can be classified as commercial properties Yeah, that is when you rent out part of your residence. Yes And when you know, there are properties as single family units. Yes, just you have just purely for your family That's full residential. Yeah full residential. There are some residences. We are probably Higher as buildings where you have flats. Okay. It's fully residential, but for the investor is a business for him Okay, so does this expansion that you just made now does he represent the commercial real estate? Types as we have them in Nigeria. Yes, it is important within those types Like we have them the industrial commercial real estate Where you talk about the manufacturing where warehousing logistics Yes, these people put up those buildings to rent it out to industries to come and rent and Start manufacturing things. So that's it's also commercial real estate for the investor He's only investing in in the profit to gain and the capital appreciation of his investment When because some properties you can buy some properties With the aim that you want to make rentals from it and at the same time over time Through the appreciation that the property most of them garnered you sell it off So those are part of the things in commercial real estate. They will have like em hostels It's also part of Commercial real estate people build hostels for students to rent hotels is also by hospitality Yeah, it's also part of commercial real estate. These are properties all have to do with properties But it all depends on the mindset of the investor here. Can I play devil's advocate here? Okay. What about churches? You shouldn't go there So what would you say What type of commercial property would you classify as very profitable? well They have all the beauty about them commercial real estate that it allows you here Maybe like I'm the developer or the investor to to be creative. Okay, you know It's all about them the square meter of office space Like if you talk about a residential properties You can have probably four or five bedroom apartments and the rentals can be specific Within what is going on within that environment? You can maybe like let's say four million or five million for rent out for one year But that same amount of space in a commercial environment Could fetch you you could fetch you a whole lot. You can turn it to offices You can turn it to like rentals do that are doing them shopping complexes retail malls and all that so the beauty about What the profit Merging a commercial properties can bring is all about what is in your mind. How creative that's where my okuro comes So once on the line factor there is you should look at what brings that huge return on investment All right. Arora is very important and where you have human traffic Because anything you do you must consider where is that traffic? Where is human beings going? Once you have that human traffic the tendency that the tenants in such given building will be more Once you think of a place where you're gonna have high tenants Okay, 10 hundreds of depending on the idea of the complex you're putting up So once you have you have planned it out You have high volume of tenants and you have good return on investment that can make a very good So location is very key. All right. This is seen is Believing we have a video that will tell us more about what facilities there my okuran associates have at the moment Let's get that information and we'll be back for more What is happiness they said a man is truly happy only in his own home That is why we present you with a deluxe located in a serene environment in the heart of Lagos Welcome to the parliament Developing to 3d pose a brand new multiple unit of four and two bedroom terrace duplex Finally crafted and designed carefully to a taste with beautiful views from every side All duplex features modern facilities such as Inbuilt speaker system excellent drainage system central water treatment plant fully fitted kitchen Swimming pool all room in-suit ample parking space CCTV cameras to first seven security 24 hours electricity and fully serviced Okay, did the long leaky at we express way beside northwest oil filling station VGC leaky Lagos Five four bedroom terrace 65 million Two bedroom terrace 45 million ish for more inquiries. Please call Wow Highly informative I must say and you know guess what I also hear that I'll tell you the shops are going very fast Yeah, confirm that to us You know, it's just like like what we are treating them today commercial real estate Let me let me give you an example It's a story. There's someone that I'm invested in In a shopping center here in leaky and When he got a property that was around he bought it maybe around seven million And the moment he bought a property From the first day he started because we we switched We gave him a tenant As he's buying because we already have people that are ready for rentals So as he's buying we don't what we just need to do is to do the formal introduction This is your new landlord. We are no longer your landlord This is your tenant So he he started immediately to make rent a rental income from that property So over time he he owned a property for let's say three years And he sold that property after So he made gains from one from the rentals Now the value he sold the property was over times two or times three Wow So you see the beauty in that and we did a short period of time And the thing with commercial real estate is it doesn't take out the fact that residential real estate is also not good But we are now emphasizing more on the commercial Now we think commercial real estate is so wonderful that the one we're doing integration and when we started We have over over 650 shops. We are selling for zenith bank And when we started we we brought in all these Um, uh, the trading unions the those that in in trading We've had meetings with them and the beauty of the thing is that the bank was lump sum and they re so So we have we have classes. They will have those that I Just bought and they're using it for themselves now also have investors Yeah, that have also bought and we got tenant for them So it was an easy stuff for them. So instead of having your phone styled and somewhere We we encouraged people then to bring in your money integer show and which we are still encouraging people now because we have some P units left because you feel is selling like um, it's selling very fast And um traders that are there enjoying it So you also have a place that is comfortable for business Like in shopping complexes is comfortable and um, the ambiance is good The shopping experience is fine for those that are coming to shop And the investors are also having huge return on investment. Perfect. All right in the minutes Apart from tedio show. Um, what are the commercial properties? Is m i okuru and associate offering at this point in time? We also have we we have a property that um, There is this popular market, uh, in uh, lake in towards the mebeju lake area Where we are also um encouraging people to come in and buy Is also a shopping center too. It is something that is is very good People will especially now that um the buildings when you come in now, you're going to get good bagging Because we are building the market space for for now. So is that one is also good I will also have something that we are Also telling those that are because we have some residences that purely are for commercial purposes for investors Where people that want to rent We've had those properties won't be investors to come and buy the properties We have people that are willing to rent those properties and you have the banks that are also willing to support Absolutely Yes, what we do is just like the one we have in um tedio show have zened bank to provide the mortgage there And it's been wonderful. So we have other properties that we have Polaris bank to also provide the mortgage You can't take out insane climbs insane environments You develop countries you can't so the finance is is there Dancing goes with the it's there. It's easy. It's easy with the finances. It makes it easy for it makes life for investors and People that are working to invest and find a word In 30 seconds, just make sure you you work with us There's work with us and we'll provide that um professional service that you want We'll have a tailor made them Solutions to all your investment property. I mean no doubt. No doubt about that. It's all about solutions And getting you closer to owning your own property also soon our time is out a final word you have just given that to us And um that man who is procrastinating Move now that woman move now Yeah, so our job is done today Thanks to chief from back way on behalf of Amai Okoro and associates. We shall see you next week. Yeah, sure Now christmas No, it's christmas. There's christmas eve It's m24 Anyhow, thanks a million She's in the house and them as usual. She will be breaking tables today It's that time for lifestyle and wellness segment with ferro shonuga join her after the break