Answers buyers ask before they commit.

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

Ans: Over 1000 units spread around the Estates

Ans: Prime Estates 1& 2 are on Papalanto Road, Ofada via Mowe, Obafemi Owode Local Government Area, Ogun State; about 25 minutes drive from Lagos end of the toll gate. Prime Estate, Igbesa is close to Agbara, off Lagos-Badagry expressway, within a stone throw from Gateway Polytechnic and Crawford University.

Ans: 3-Bedroom fully-detached bungalow 3- Bedroom Semi-detached bungalow 3-Bedroom fully detached bungalow with an attached 1 room BQ

Who is/are the developers of the housing units?

Ans: Type A 3-Bedroom fully-detached from N7.5m 3-Bedroom Semi-detached bungalow from N7.4m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N8.4m Note that prices are subject to review.  Ans: Type B 3-Bedroom fully-detached from N9.73m 3-Bedroom Semi-detached bungalow from N9.58m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N10.68m Note that prices are subject to review.

Ans: 20% initial deposit and balance spread over 24 equal monthly installments. One –off payment and/or group of 5 buyers upward attracts 2.5% discount 20% down Payment and Mortgage for qualified prospects (regular mortgage or hybrid of regular mortgage and NHF) 30% initial deposit and balance spread over 60equal monthly installments(Rent-To-Own Option). With this option, the apartment can be occupied by the purchaser or rented house under Realty Point Limited’s property management desk for the Purchaser immediately after the initial deposit (30%) and the first monthly installment of the 60months installments are made by the Purchaser. Others as may be discussed and agreed upon.

Ans: Yes, this is allowed in maximum of 6 equal monthly installments. Note however, that processing of unit or reservation is on a first to complete the initial deposit basis. Therefore, the earlier you make up your deposit the better.

Ans:    Offer letter FAQs (Terms & Conditions) Receipt Welcome letter

Ans:    Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

Ans: You risk revocation of your property if you default for a total of three (3) months and you might have to pay the differential in price review during this period. Also, for mortgage applicants, it is only after you have completed your initial down payment that your mortgage application and processing can commence if you qualify. Strict adherence to payment plan will guarantee the initial purchase price. Buyers who fail to comply may be affected by price changes. However, for the Rent-To-Own Option, when defaults attracts strict price review and 3months default will result in revocation and forfeiture of whatever amount has been paid up till the time of revocation.

Ans: Yes, Legal fees – N100,000 (subject to review) and VAT – 5% of the purchase price payable on demand (Kindly note that these fees are non-refundable).

Ans:  You have to make these payments before your housing unit is handed over to you

Ans:  Approximately within 3 – 6 months after we receive full payment for your unit.

Ans:   We recognize that buyers may need to sell their purchase for varying reasons. However, due to the administrative and legal issues required in the proper transfer of these purchases, we would only honour transfers once full payment has been made. Both buyers have to complete our Housing Unit Transfer Form after which title documents and a Purchase Agreement will be issued to the new owner (buyer). A non refundable fee of N100,000 (One Hundred Thousand Naira only) per unit is payable before the necessary transfer documentations can be made. The transfer fee is subject to review.

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: BUNGALOW SPECIFICATIONS TYPE A: Building Exterior Complete roof installation, UPVC windows, Front & Back security doors, Texcote/Emulsion paint on external rendered wall, Balcony hand railing Building Interior Plastered cement walls, PVC ceiling board, Plastered partition walls, Conduit, wiring and fittings, Water closets in Toilets, Kitchen Zinc , Drainage pipes & fittings, Internal doors (panel/flush) TYPE B: Walls –  External and Internal walls are rendered and painted in Emulsion paint except kitchen, Toilets and Bathrooms. –  Kitchen walls are finished with glazed ceramic tiles up to a height of 2.10m (i.e Floor to door level) –  Visitors’ toilets are finished with glazed ceramic tiles up to a height of 1.50m –  Toilets (with bathrooms) are finished with glazed ceramic tiles to a height of 3.00m (i.e Floor to roof level) Floors –  Sitting, Dinning and Terraces are fully vitrified ceramic floor tiles. –  Toilets and bathrooms are Ceramic floor tiles. –  All rooms are PVC floor tiles. Ceiling –  All ceiling areas are finished with PVC Ceiling stripes. Doors –  Internal doors are quality imported timber panel doors. –  External doors are quality imported iron doors (Buono brand or approved equal) Windows  –  All windows are coated Aluminum casement windows with burglary bars. Fittings & Fixtures  –  Includes Handrails, wardrobes, kitchen cabinets with granite work top. –  All rooms are en-suite

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: You can amend internally, but for external amendments, approval must be sought from the estate management firm and relevant government quarters. However, Gate house, Generator house and Perimeter fence are allowed in the following dimensions: The Gate House must be ensuite and not more than 12m2 inclusive of any space for cooking if necessary. –  The generator house should not be more than 4.5ft and 7-10sqm in space. –  Low fence (American fence type) block work height of not more than 1m to the ground. –  BQ structure may be approved for the 3 Bedroom fully detached structure according to RPL’s proto type design and specifications.