ISHERI PALMS ESTATE
Where is ISHERI PALMS ESTATE?
Isheri Palms Estate is a growing community in Isheri North area of Lagos State. Its very close to Channels T.V
Who is the owner and promoter of the Estate?
EVERTOP REALTIES LTD. (ERL)
What type of Title does Isheri Palms Estate have on the land?
Deed of Agreement with Land Owners, CofO is in process.
Apart from the payment for the land, do I make any other payment(s)
- Survey plan – N400, 000:00(subject to review)Legal documentation – 5% of total purchase
- Agency fee – 5% of total purchase
- (Developmental fee) – Yet to be determined
What will the development levy be used for?
It will be used for distribution of energy, roads, drainage and other estate facilities.
What do I get after completion of payments for the land?
- Receipt of payment, letter of allocation and contract of sales (after full plot(s) payment). While the deed of assignment is issued after physical allocation.
When will my plot(s) be allocated to me?
After 100% payment for the land and stipulated allocation time.
Can I start building on the land now?
Yes you can once physical allocation is processed and all levies paid
Is there any time limit to commence work on my land after allocation?
No. But you will be responsible for clearing your plot(s) after physical allocation. Note: A cost of N30, 000.00 per plot will be charged if left and done by us when proper development of the estate commence.
Can I re-sell my plot/property?
Yes. Though, we can buy back plots from subscribers who have paid up on their land or assist to get a buyer. A charge of 10% (admin fee) would be charged from the current purchase or selling price in either cases.
What is the size of the plot?
300sqm, 350sqm, 400sqm and 500sqm.
|PLOT SIZE||OUTRIGHT OFFER||INSTALMENT OFFER||INITIAL DEPOSIT||DURATION|
|HOUSING||OUTRIGHT PURCHASE||INSTALMENTSpread over 18 Months|
|2 Bedroom Terrace||₦14.65 Million||₦14.75 Million with initial deposit of 20%|
|3 Bedroom Terrace||₦24.6 Million||₦27.5 Million with initial deposit of 20%|
|4 Bedroom Terrace + 1BQ||₦33.3 Million||₦47.5 Million with initial deposit of 20%|
|4 Bedroom semi- Detached Duplex + 1BQ||₦ 42.2 Million||₦53.3 Million with initial deposit of 20%|
Is there any restriction regarding the type of building I can construct in the estate?
Yes. The estate layout is in sections and you are limited to build houses on each section based on designated use or plan for that section (Commercial or Residential)., i.e. Bungalow, Blocks of flats, Detached houses(duplex). Note, “Face-me-I-face-you” and high rise houses will not be permitted.
What happens if I cannot continue with the payment or have completed payment? Can I get a refund?
Yes. But a 90-days’ notice shall be given for your refund to be process less 40% administrative charges. The refund shall be paid according to the payment plan used for the subscription.