THE FIRST RESIDENTIAL PARK ESTATE IN LAGOS
A LIFESTYLE SITE AND SERVICED SCHEMED RESIDENTIAL PARK ESTATE
KPW proposes to develop a lifestyle site and service schemed residential estate "The Parkwood Acres" comprising residential plots of land measuring 600sqm per lot or plot at Sangotedo, Lekki-Epe Expressway, Lagos. This land acreage is located within Queens Estate, a scheme developed by the Lagos State Government. Adjoining estates include Westwood Estate, AlphaMead Estates, Diamond Estate, Emperor Estate and the popular Novare Lifestyle Mall.
The Parkwood Acres will have world class infrastructure and a fusion of nature and architecture. With its brick red walk ways and green ivy fences, it is being developed to be the foremost Residential Park Estate in Nigeria. World class infrastructure such as underground electrical cabling, smooth road networks, green park, central water supply and treatment plant, controlled sewage system and lifetyle, retail and fitness spaces will be part of the community to be created.
FINANCIAL ANALYSIS AND ACQUISITION STRUCTURE.
Total Purchase Price: N20 Million per plot (This price is inclusive of development fees for provision of estate infrastructures)
Hold period/ Tenure: Leasehold of 96years.
Payment Option A: Outright payment of N20 Million with 10% Discount.
Payment Option B: Initial payment of N10 Million. Balance payment of N5 Million within 6 months* Final payment of N5 Million within 12 months.*
Upon full payment; Title documents shall be subsequently granted in form of a Deed of Assignment. A Survey Plan showing the drawing of the land and its dimensions. Construction & Asset Management.