Description

Palmera Estate is the most beautiful and ecological environment best for relaxation and building of homes, schools, gardens, and recreational centers.

The estate is located at Ketu Epe, Lagos, just by the corridor of Palmrich Estate where Palm Trees are planted and would serve for the beautification of the environment.

Epe is the fastest-growing community in West Africa with the highest surge of industrial, academic, and government infrastructural developments such as the Dangote refinery, Alaro city- Free trade zone, new Lagos Airport, over 3 Universities, and more.

This estate attracts and gives room for all to become a landlord at ease in Lagos State.

Number of Acres: 100 acres

Available Land Size: 300sqm – 500sqm

Price per 300sqm
0-3 months outright N420,000
12 months Instalments – N42,000 monthly
24 months Instalments – N24,500 monthly
36 months Instalments – N18,700 monthly

Price per 500sqm
0-3 months outright N700,000
12 months Instalments – N70,000 monthly
24 months Instalments – N40,850 monthly
36 months Instalments – N31,150 monthly

 

TERMS AND CONDITION A FOR PALMERA CRECENT ESTATE

Please read these Terms and Conditions carefully before fully subscribing to the Estate.

Your confirmation of subscription by the Company is conditioned on your acceptance of and compliance with these Terms.

These Terms apply to all Clients and successors in title to the said land By signing these terms, you agree to be bound by these Terms. If you disagree with any part of the terms you’re advised against subscribing. The terms are as
follows:

1. The Land is free from government acquisition, adverse claim or any form of encumbrance.

2. The legal title to the Land is “Registered Survey”.

3. Upon subscription, you are required to fill in your personal contact details (phone number and email) on your subscription form to enable us give necessary information with respect to your property as against going through your representative.

4. The Company will not be liable for information not received by you as a result of breach of clause 3 above.

5. The only party recognized by the Company in receiving instructions and execution of documents as regards the property is the Client and in the event where the Client intends to delegate that responsibility to a third party, a written instruction either in a letter form or an official email has to be sent to the Company’s official email address before such third party can be recognized.

6. The transaction process flow are as follows:

• Payment for Land
• Contract of Sale/Deed of Agreement
• The Client signs the Contract of Sale/Deed of Agreement and returns a copy to the office
• Payment for Survey and Documentation.
• Issuance of allocation letter after full payment of all consideration sum.
• Collect Deed of Assignment
• Collect Survey

7. The Payment structure for (500sqm) are as follows:

• Outright Payment –Refer to our website for current price or call 07089558775
• Commercial plot and Corner piece attracts an additional 30% charge
• Survey and allocation fee- #300,000 per plot
• Legal Documentation (Deed of Assignment) -#100,000
• Development fees – N400,000 (payable when construction commences)

8. The Payment structure for (300sqm) are as follows:

• Outright Payment – Refer to our website for current price or call 07089558775
• Commercial plot and Corner piece attracts an additional 30% charge
• Survey and allocation fee – #150,000
• Legal Documentation (Deed of Assignment) – N100,000
• Development fee- N200, 000 (payable when construction commences)

9. That all payments will be made through the designated payment channels in favor of AssetRise Limited and under no circumstance shall cash payments be made to any of our officers, agents or staffs.

10. Where you are on a payment plan, after your initial payment, you are expected to pay the balance on monthly basis within the stipulated time frame. Non-payment of the total as at when due will be treated as a breach of contract which can either result to termination or revocation of Contract.

11. The facilities to be provided by the Company includes the following:

• Perimeter Fencing
• Beautification of the Estate
• Estate Gate House
• Road Network
• Electricity Connection.
• Recreational Facilities.

12. You can sell your plot if you have paid up on your land. However, consent must be sought from and granted by AssetRise Limited and such consent not unreasonably withheld by the Company.
We would require you to furnish the company with details of the buyer. Provided always that with details of the buyer. Provided always that, where the plot to be sold is undeveloped and has not been maintained by the seller, and the Company has proceeded to keep the Plot maintained and secured on behalf of the seller, the Company shall be entitled to an additional 15% interest of the appreciation value (that is the difference between purchase price and current price) at the time of sale.

13. AssetRise Limited is the developer and manager of the Estate and only AssetRise can subcontract the function of facility management to a third party. Also all amenities installed in the Estate for public use are owned and managed by AssetRise only.

14. All cash payments should be made in favour of AssetRise /FLAPCOOP designated account number and under no circumstance shall cash payments be made to any of our officers, agents or staffs.

15. For personal or business reasons, no party shall seek for termination of this Agreement herein BEFORE OR ON the period of 3 months from the effective date of this Agreement. However, a party can send a notice of termination to the other party in writing at least 2 months before the date of termination as such the client will loose 45% of the cumulative amount paid in lui of the land purchase.

16. The Company reserves the right to make changes (where necessary) to these terms and conditions to cater for the ever dynamic nature of the real estate industry.

Additional information

Size	150SQM, 300SQM, 500SQM