Frequently Asked Questions
Project Initium FAQ
Project Initium is a luxury, low-density residential project offering Self-Contained and Mini Flat apartments in the heart of Yaba, Lagos. It’s a 20-year long lease property tailored for smart urban living and high returns.
12 Kayode Street, Abule ljesha, Yaba, Lagos Strategically located near UNILAG, YABATECH, FCE, and just 10 minutes from the Third Mainland Bridge.
Self-Con (Studio Apartment) – N14M (off-plan) Mini Flat (1-Bedroom) – N24M (off-plan)
Project Initium is a 20-year long lease property, providing stability and security for tenants and investors.
Each unit comes with:
– Full tiling & elegant kitchen cabinets
– POP ceiling & screeded walls
– Prepaid meter & stable electricity
– CCTV surveillance
– Ample parking & gated compound
Absolutely! The property is investment-ready and perfect for:
– Long-Term Rental
– Student Hostel Business
– Shortlet Apartment (Airbnb model)
| Model | Self-Con (N14M) | Mini Flat (N24M) |
|---|---|---|
| Rental | N1M – N1.5M p.a. | N1.8M – N2.3M p.a. |
| Hostel | N2.2M – N3M p.a. | N/A |
| Shortlet | N9.6M – 12M p.a. | N13.2M – 16.8M p.a. |
– Contact us via 08034730804 or
RJPDlimited@gmail.com
– Schedule a site visit or virtual tour
Fill out an application form
– Make your deposit & receive your documents
Project Initium is currently in the off-plan sales
phase. Construction updates will be shared
regularly with clients.
CASA DI LUSSO
The development features studio, one-bedroom, and two-bedroom apartments, designed for both shortlet and long-term rental use.
Yes, Units comes fully furnished and setup, allowing investors to have functional, move-in-ready space. All unit are fully furnished and can be customized according to the investor’s preference or target market.
Investors can secure a unit with a 50% initial deposit, with the remaining 50% payable over 3 – 9 months during the construction period.
Construction is set to commence by May 2026, with projected completion in July 2027.
Yes, Casa di Lusso offers professional property management services, including shortlet operations, maintenance, and tenant management.
Absolutely. The design, location, and amenities make the property ideal for shortlet operations, serviced apartment leasing, or corporate rentals.
Through premium monthly rentals, shortlet occupancy, and property appreciation in a high-demand area, investors can 12% with a capital recovery period of 8 years depending on the unit type.
Jibowu is a thriving commercial and transit hub in Yaba, with proximity to Waec HQ, Nupeng towers, Yaba college of technology, University of Lagos, Mobolaji train station, Gig logistics hq, Chisco transport office, GUO hq.
Yes. Investors have the option to resell units at market rates prior to completion, providing liquidity and exit flexibility.
The project is developed by Realty Junction Properties, a trusted real estate development and investment company with experience delivering high-quality residential projects, including their flagship development, Initium in Abule ljesha, Yaba.