Ikate is a predominantly residential community located off the Lekki –Epe Expressway. It’s a highbrow environment with several top-notch real estate projects (finished & unfinished), and businesses within. The Ikate area is generally peaceful and it’s safe to do business, as well as reside in. The road network in Ikate is good, and the central road that links to the express is interlocked with drainage channels on both sides.
The Harbour Estate
The Harbour is currently selling at a distressed price. Buying The Harbour at this selling price immediately puts you on a 20% capital appreciation.
The Harbour avails you of a 60% ROI in 2 years. Eg. with N200,000/1sqm. you would earn N120,000 totaling a payout of N320,000 in 2 years.
RETURNS ON INVESTMENT
The Harbour is a Co-own investment type used for the purpose of “buy-to -hold” for a period of 2 years and it has a very high yield of 60% returns on investment for the 2years lock-in period.
Guaranteed Returns on Investment
₦1.6B (60% in 2 years)
What type of Property is this
It is a site and serviced landed property.
What is the Minimum amount to co-own this property and the minimum unit?
Answer: The minimum amount is N200,000 which is the amount for 1SQM of 5,000SQM of land available in THE HARBOR
Minimum Purchase Unit
₦200,000/1 Unit Share
Guaranteed returns on investment
Buy to hold
Guaranteed annual ROI
30% per annum
Project Start Date
2 months from the listing Date
24 months (2 years) from the projected launch date
Reclaimed/sand-filled virgin land
Total Land Size
The Harbour is a premium fully reclaimed and sand-filled lagoon front site and service estate sharing boundary with cowrie creek and inside Beach Resort Estate
Fully dry and sand-filled upland
3. Is there a Maximum subscription amount –
Answer: No, there is no maximum amount.
4. How long will it take members to subscribe –
Answer: It depends on the rate of subscription. But we are projecting a maximum of 3 months subscription period for a property and an average subscription period of 1 month and above.
5. What is the projected time-line (subscription period)
Answer: – 8weeks, starting from the day of listing on the PINCOOP market place (but it depends on the members subscription rate).
6. What is the title document of the property?-
Answer: The title document of the property is a C of O
7. Does the property have a building plan –
Answer: Yes it has an approved building plan.
8. What documents do I get when I purchase a unit?
Answer: – You would get your purchase receipt, Certificate of beneficial Ownership, Contract of Share ownership, photocopies of the original title document of the property co-owned.
*NB*: the original document will be kept in the bank, for all co-owners to have unrestricted access for sighting.
9. When is the projected launch date of this property?
Answer: The project launch date is after the holding period which is the subscription period for the property plus 2 weeks for payment for the property and property documentation and extra 2 weeks to get the property ready for launch.
10. What purpose would the property be used for –
Answer: The property will be used for Shortlet/Airbnb so that we can get the maximum ROI.
11. Has the document of the property been verified by PINCOOP before listing?
Answer- Yes PINCOOP has done due diligence and verified the documents to be free from all encumbrances before listing them on the PINCOOP platform.
12. How long is the documentation period?
Answer – takes 2weeks.
13. Is the property going to be insured?
Answer: Yes, the property will be insured by Zenith insurance.
14. What is the annual rental yield for this property?
Answer – 10% of the capital invested to co-own.
15. What is the capital appreciation rate for this property?
Answer; – the capital appreciation rate is projected between 5% – 20% every two years, but it basically depends on the current market value of the property.
16. How long will I be earning the rentals for this property
Answer- Generally for 99 years or remaining unexpired lease on the C of O.