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PRIME WATERVIEW GARDENS

PrimeWater View Gardens 2, Freedom Way, Lekki, Nigeria
₦45M

Description

PROMISE TO OWN SCHEME-PRIME WATERVIEW GARDENS 2 LEKKI PHASE1

 The Promise To Own Scheme is our innovative home ownership scheme which allows the subscriber to easily become a homeowner.

The Promise To Own home ownership scheme allows potential homeowners/subscribers the opportunity to immediately take possession of the home they wish to own even while they cannot yet afford the full value of the property.

It also allows a structured payment plan while conveniently saving towards owning homes.

We offer the Promise To Own Scheme in partnership with a development in a fully serviced environment with details below:

Location: Prime Water Gardens 2, off Freedom Way, Ikate, Lekki Phase 1.

Descriptions: 3 Bedroom with and without 1 Room BQ & Penthouse with 1 Room BQ

Amenities: Swimming Pool and Lawn Tennis Court

 

Estate Management Services provided: 24hrs electricity, portable water, security, cleaning of common areas, waste disposal cleaning of common areas, treatment of waste, fumigation, sewage disposal, etc.

Added Advantages: Good road network; proximity to social amenities; School, Shops, Malls, Restaurants, Clinics, Churches, Mosques, Filling Station, etc

 

Other added advantages: Communal living, good road network, proximity and high return on investment

PRIMEWATER VIEW GARDENS 2 FINANCING OPTIONS

Financing remains a major challenge to owning homes in Nigeria as mortgage rates can be as high as 22% and many Nigerians lack the purchasing power to buy a home in one instalment. Here’s why we present to you several financing options for buying into Primewater View Gardens 2, Lekki Phase 1.

We have the Promise To Own, Outright purchase, Two-year, Five-year and a Ten-year sales option.

OUTRIGHT PURCHASE

3-bedroom flat without boy’s quarter N42,000,000 (Forty-Two Million Naira)

3-bedroom flat with boy’s quarter N45,000,000 (Forty-Five Million Naira)

 

PROMISE TO OWN

 

WITHOUT BQ WITH BOYS QUARTERS
( N 42,000,000) ( N 45,000,000)
YR 1 Initial Ownership N 6,300,000 Initial Ownership N 6,750,000
Contribution (15% of Contribution (15% of
value) value)
Annual Ownership N 6.300,000 Annual Ownership N 6,750,000
Contribution (minimum Contribution (minimum of
of 15% of sales value) 15% of sales value)
Rent N 2,500,000 Rent N 3,000,000
Total N 15,100,000 Total N 16,500,000
YR 2-4 Annual Ownership N 6,300,000 Annual Ownership N 6,750,000
Contribution (minimum Contribution (minimum of
of 15% Of sales value) 15% Of sales value)
Rent N 2,500,000 Rent N 3,000,000
Total N 8,800,000 Total N 9,750,000
YR 5 Annual Ownership N6,300,000 Annual Ownership N 6,750,000
Contribution (minimum Contribution (minimum of
of 15% of sale value) 15% of sale value)
Rent N2,500,000 Rent N3,000,000
Final Payment N4,200,000 Final Payment N 4,500,000
Total N13,000,000 Total N 14,250,000

 

 

Please note the following:

❖   Premium can be paid in flexible instalments through the year.

❖   Annual payments are minimum payments for this scheme to enable payment completion by the end of the 5-year tenure.

 

2-YEAR PAYMENT OPTION

 

2 YEARS PAYMENT OPTION
WITH BOYS QUARTERS WITHOUT BOYS QUARTERS
Lease value/Cost of Asset N45,000,000 Lease Value/ Cost of Asset N43,000,000
Initial Deposit (50% of value) N22,500,000 Initial Deposit (50% of value) N21,500,000
Number of years 2 Number of years 2
Bi-annual payments N5,625,000 Bi-annual payments N5,375,000
5 YEAR PAYMENT OPTION
5 YEAR OPTION WITH BOYS QUARTER
MONTHLY LEASE FINANCE- 5 YEARS ANNUAL LEASE FINANCE- 5 YEARS
Lease value/cost of asset N45,000,000 Lease value/cost of asset N45,000,000
Lease Rental % 19% Lease Rental % 19%
Number of years 5 Number of years 5
Security Deposit N13,500,000 Security Deposit N13,500,000
Bank Funding N31,500,000 Bank Funding N31,500,000
Rental/ Month N817,128 Rental/ Year N10,302,081
5 YEAR OPTION WITHOUT BOYS QUARTER
MONTHLY LEASE FINANCE- 5 YEARS ANNUAL LEASE FINANCE- 5 YEARS
Lease value/cost of asset N42,000,000 Lease value/cost of asset N45,000,000
Lease Rental % 19% Lease Rental % 19%
Number of years 5 Number of years 5
Security Deposit N12,600,000 Security Deposit N12,600,000
Bank Funding N29,400,000 Bank Funding N29,400,000
Rental/ Month N762,653 Rental/ Year N9,615,275
  • Address: PrimeWater View Gardens 2, Freedom Way, Lekki, Nigeria
  • City: Lekki
  • State/county: Lagos State
  • Neighborhood: Lekki Penninsula II
  • Country: Nigeria

Detail

Updated on February 13, 2019 at 4:53 pm

  • Property ID: 5330
  • Price: ₦45M
  • Bedrooms: 3
  • Bathrooms: 3
  • Garage: 2
  • Property Type: 3-Bedroom flat
  • Property Status: For Sale

Contact info

RYDAL MEWS LIMITED
RYDAL MEWS LIMITED
0803607449308036074493
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