FAQs

What is Vartis Terraces?

Vartis Terraces is a premium residential development tailored to modern day living. The development consists of exquisitely designed 3-bedroom and 4-bedroom terrace townhouses in a secure and fully serviced community. Roads and drainage on the street and across the estate have been built to a high standard. The estate can be accessed from two key arterial roads: Ogombo Road (Abraham Adesanya) and Mobil Road (Ilaje).

Where is Vartis Terraces located?

Vartis Terraces is located in Lekki Scheme 2 estate in the Abraham Adesanya/Ogombo axis of Lekki. Located 5 minutes from VGC, it is ideally suited to families and young professionals.

Nearby sites and attractions include COWSLO Recreation Centre (with tennis court, squash court, swimming pool), VGC Club, OBN Basketball Academy, Domino's Pizza, i-Fitness Gym, Ikota Shopping Complex, Eleganza Shopping Mall, Eti Osa Maternal & Children Hospital. Police station, fire service, hospital, banks, petrol stations are all within 5 minutes’ drive.

Google Maps location of the property: https://maps.app.goo.gl/6rxaAXz6ZNqgWesx9

Who are the developers of Vartis Terraces?

The property is developed by Vartis Heights Limited a Lagos-based residential property development company.

What is the size of the units?

The 3 bedroom terraces are ~170sqm and the 4 bedroom ~200sqm.

How much does it cost?

Pricing starts at N55m for the 3 bedroom terrace and N59m for the 4 bedroom terrace.

When will it be ready?

Construction will be completed in Q1 2023.

Is it a serviced property?

There will be comprehensive facilities management including a standby generator servicing all units, round-the-clock security, borehole and water treatment plant, cleaning of central areas, refuse disposal, and landscaping of external premises.

How many parking lots per unit?

Each unit will have two (2) dedicated parking slots.

What level of finishing will the property have?

All units will be finished to a high standard with attention to detail paid to the choice of fixtures and fittings.

All rooms en suite
Balconies in master bedroom and one other room
Modern kitchen cabinets with solid worktops
Fitted wardrobes in bedrooms
Satellite TV wired to the point of television installation
Bedrooms and living room wired for air conditioning
Ceramic floor and wall tiles
Piping and wiring for water heater in bedrooms
Piping and wiring for washing machine
Contemporary design with user-friendly layout

What title does the property have?

The property has a Governors Consent title.

Can I come for an inspection?

Yes, the site is always open for inspections.

Why should I invest in this development?

The area is witnessing a lot of infrastructure development that is enhancing the value of land and property. Between February 2021 and October 2022, land prices in Lekki Scheme 2 appreciated by 90%.

The ongoing road expansion of the Lekki Epe expressway from two lanes to four lanes between the Ikota junction and the Ilaje junction has already eased traffic in the vicinity. This is coupled with the ongoing construction of flyover bridges at the VGC junction to lead into the Lekki Coastal Road which is expected to be completed at the end of 2022. Also within the estate, the key Laura Stephens Road that connects the Abraham Adesanya and Ilaje axes has been reconstructed.

So whether you’re considering Vartis Terraces as a family home or as an investment for rental yields, you can be sure that you’ll be getting a well-finished property in an area that is witnessing massive infrastructure investment. You should key in now while prices are still reasonable. By the time the property is completed, prices would have risen significantly.