Answers buyers ask before they commit.

Ans:    Prime Estate Phase 1,  Prime Estate Phase 2,  Prime  Estate Igbesa

Ans: Roseberry Estate Lekki is located just after Pan Atlantic University, Campus Opposite Eleganza Industries/Odunnbaku a few minutes’ drive before the new Int’l Airport Ibeju-Lekki directly off lekki Epe Expressway. We call it “ROSEBERRY ESTATE, IBEJU-LEKKI”.

Ans: Lekki Free Zone (LFZ)Lekki Free Zone (LFZ) comprises 16,500 hectares to the southeast of the city of Lagos, two peninsulas of infinite opportunities bounded by the Lekki lagoon and the Atlantic Ocean. The free zone was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos. LFZ is a new city under development that will operate in accordance with best international practices. It is also one of the fastest developing urban areas with an annual economic growth of 16.8%. The Lekki free zone is a multi-use facility with zones for oil and gas, industry, manufacturing, business & financial, media centres, commercial, real estate, recreation and tourism. The promising world-class New Lekki Int’l Airport is at Ibeju Lekki off Lekki-Epe Expressway. It is envisioned to give Lagos a befitting Airport of highest standard both in appeal and operations. Lekki Deep Sea Port Nigeria’s $1 billion Lekki Deep Seaport project which is expected to begin operations in 2018 is to be financed by 10 financial institutions. According to Mr. Sandeep Parasramake, the Chief Financial Officer of Tolaram Group the institutions included the African Development Bank (AfDB), European Investment Bank and the Standard Chartered Bank. Others are Rand Merchant Bank, Stanbic IBTC, Africa Finance Corporation, Propaco, Entrepreneurial Development Bank, German Investment and Development Corporation; and International Finance Corporation. The project is on course and will tremendously boost business activities in that corridor upon completion. Pan Atlantic University Main Campus at KM 52, Lekki-Epe Expressway, immediately after Eleko Junction is just a …

Ans: The LEKKI LAGOS NEW INTERNATIONAL AIRPORT, THE NEW LEKKI LAGOS SEA-PORT, Industries and Companies & Estates, a Proposed site for SHOPRITE/GAMES shopping complex. THE NEW LAGOS CALABAR COASTAL ROAD, PAN AFRICA/ATLANTIC INTERNATIONAL UNIVERSITY Permanent Site, the famous CORONA SCHOOL, CALEB INT SCHOOL, GREEN-SPRING SCHOOLs, BRITISH/AMERICA INTERNATIONAL SCHOOLs, COSCHARIS MOTORS, LA Campagne TROPICANA RESORT & BEACH, ELEKO BEACH, AKODO BEACH & RESORT, etc.

Ans: Realty Point Limited REALTY POINT LIMITED (RC 621592) is a dynamic multifaceted Pan-African real estate going concern primarily involved on the supply side of the industry, with a strong presence in Real Estate Development, Investment, Training/Consultancy and Marketing Syndications since 2005.

Ans:     Roseberry Estate, Ibeju-Lekki Plot(450sqm approximately) 6,500,000/plot (Outright – 3months installment) N7,300,000 – (4 – 6 monthly installment) N7, 700,000- (24 monthly installment) Contact the Office for Commercial Plots • In addition to this, we also have FULLY SERVICED PLOTS (limited stock available): • The price for the serviced plot is N10, 500,000 per plot outright and instalment plans are available • Services include road, drainage and electricity.

Ans: Approximately 450 square meters per plot for residential. When allocated, account between RPL and the subscriber will be reconciled as to the actual size of the allocated plot(s). Where allocated plot is less than 450sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa. This is based on the understanding that plots throughout the expanse of land after sub-division cannot each be exactly 450sqm.

Ans: The landed properties are free from every known government acquisition and no adverse claimant. The land is excised currently and other requirement for the issuance of the Certificate of Occupancy and perfection of title are being meant.

Ans: Perimeter fencing with wire mesh or sandcrete blocks and a gatehouse. But for the fully serviced plots, paved road, drainage and electricity (poles & strings) will be provided.

Ans: For the plots that we are selling “as is” and not Serviced yet, Plot investors/buyers/owners/Residents through the Community Development Association (CDA) shall be at liberty to decide how these infrastructures shall be provided within the estate. RPL will facilitate the birth of the CDA once we have a number of subscribers considered size-able enough that have fully for their plots.

Ans: For the plots that we are selling “as is” and not Serviced yet, Plot investors/buyers/owners/Residents through the Community Development Association (CDA) shall be at liberty to decide how these infrastructures shall be provided within the estate as guided by RPL. RPL will facilitate the birth of the CDA once we have a number of subscribers considered size-able enough that have fully paid for their plots.

Ans: The developer is not charging subscribers for Development Levy. The buyers of plots that are not serviced under the CDA will do that at the appropriate time. The developer shall be available to offer guidance throughout the process and be present to manage the Estate for the common good of all. Development Levy shall be charged and administered by the Developer as decided by the CDA. Following payment by Subscribers, The Developer shall provide agreed infrastructure.

Ans: The developer shall offer facility management services directly or through his appointed facility manager to be paid for by the subscriber on a monthly, quarterly or yearly basis.

Ans: : Increase in price will not affect existing subscribers in any way except if/when they want to subscribe for additional plot(s) or fail to keep up with existing terms of payment

Ans: Other payments to be made are when the subscriber is to be allocated and they are; I. Legal Documentation Fee: N150,000 per plot. II. Survey Fee: N500,000.00/plot III. Allocated Plot(s) size reconciliation settlement for plot(s) less or greater than 450sqm and the settlement of all outstanding post plot payment tenure including Plot Maintenance Fee per month or annum IV. *N2,000 monthly as Plot Maintenance Fee 12months after completion of payment for the plot if the subscriber does not proceed for allocation thereby making other payments. *This applies only to a subscriber that is yet to come forward to fulfil the requirements for allocation after paying for the plot(s). It becomes due and starts to accrue 12months after the completion of payment for plot (i.e. the 13th month) till the client steps forward and fulfils all the necessary conditions for allocation. When necessary payments for allocation are to be made, arrears of Plot Maintenance Fees will have to be paid first a) Kindly note that ALL the fees stated above are subject to review. b) Where review of any fee takes place before a subscriber completes payment for plot or the particular payment, the reviewed amount is what becomes payable by the subscriber. c) Payment for infrastructure development can kick in at any time within the chain line of payment as may be agreed upon by the CDA.

Ans: Paper Allocation (Provisional) will be done immediately all the payments are made subject the any other condition of allocation agreed and imposed by the CDA. Once the subscriber indicates deliberate intention to commence construction work on site, a sketch survey of his/her plot is prepared and issued for preliminary construction work to commence. Once progress of work is established, physical allocation with copies of original survey plans are issued on a scheduled day after the plot size reconciliation and all settlements. This is intended to drive development and value creation in the estate while ensuring that it is only as subscribers are ready for construction that they apply for allocation. It is strictly an attempt to ensure that development in the estate is in a systematic way such as will enhance the value of investment within the estate for all. Oversubscription is being guided against and every subscriber who pays up on his/her subscription shall be allocated within the estate. Physical allocation will be done in batches; subscribers will be notified. However, note that possession and occupation of the plot(s) shall be deemed to have commenced from the date fixed for handover and all risks and benefits in respect of the property shall pass to the purchaser.

Ans: We allocate progressively on first in line basis at the discretion of the company. However, preference shall be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee.

Ans: You can start building on the land immediately after physical allocation subject to the fulfillment of any other decision of the CDA.

Q1Ans:Contract of Sale first with theland owning family and Deed of Assignment derivable from the Global C of O on the entire expanse of land. The Roseberry Estate Ibeju-Lekki site falls under the Igbeyin Adun& OkoduberuVillage Excisions granted and approved by the Lagos State Government. This is easily verifiable from the Bureau of Lands, Alausa, Lagos and Lagos State Surveyor General’s Office.8. What type of title/interest does Realty Point Limited have on the landed property?

Ans: Receipt(s), Deed of Contract, Congratulatory Letter/Letter of Provisional Allocation, Declarations of Deed Restrictions (Consists of Estate Covenant and Constitution of Landlord Association) and Estate Management Agreement, Survey Plan and Deed of Assignment. Note however that the Deed of Assignment will only be issued after ALL payments communicated are made in full e.g. Plot maintenance fee where applicable, Development Levy payment as agreed by the CDA, etc.