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MILEEN PARK ESTATE

Where is MILEEN PARK ESTATE?

MILEEN PARK ESTATE is an undeveloped parcel of land situated Oreki  Via Eleko Area of Ibeju Lekki, off Lekki- Epe expressway, Ibeju-Lekki LGA, Lago States. It’s about 150 meters away from Lekki- Epe expressway visible from the site.

Who is the owner and promoter of the Estate?

Millencoast Property and Investment Limited

What type of Title does MILEEN PARK ESTATE have on the land?

Deed of Agreement with Land Owners and Lagos State Government Approved Survey Plan. The Land is Gazzetted by Lagos State Govt.

Apart from the payment for the land, do I make any other payment(s)

      • Survey plan: N350,000 per plot (subject to review)

       

      • Plot demarcation (4 corner): N70,000 per plot (subject to review)
        • Deed of assignment: N150,000 per plot (subject to review)
      1. Development levy: To be communicated later (not yet reach the stage)
      • Commercial plot: 10% cost of plot (subject to availability)
      1. Cornerpeice plot: 10% cost of plot (subject to availability)

What will the development levy be used for?

It will be used for distribution of energy, roads, drainage and other estate facilities.

At what stage will I have to make these payments and how much each?

Payments should be made before the physical allocation.

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?

The estate has 5yrs development plan We do instant allocation for outright purchase but for instalment purchase plot layout/physical plot allocation (from Jan 2018) other infrastructure(from Jan 2019)] because it is still in a developing area. You can start building on the land after the physical allocation and payment of all levies.

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?

550 sqm.

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.

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