Ajah is a large neighborhood in the Lekki area of Lagos. It spans from Victoria Garden City (VGC) down to Abraham Adesanya roundabout on the Lekki-Epe express. It is one of the constantly developing places in the Lekki axis. It takes between 25-40 minutes to get to Victoria Island from Ajah.
The Paradise Foreshore Estate
₦80,000/Unit share
Paradise Foreshore Estate is a site and serviced lagoon front estate land on Addo road Ajah facing the lagoon front. The estate shares a boundary with Lekki Palm City adjacent to Victoria Garden City.
INVESTMENT ANALYSIS
Paradise Foreshore Estate avails you of a 60% ROI in 2 years. Eg. with N80,000/1sqm. you would earn N48,000 totaling a payout of N128,000 in 2 years.
RETURNS ON INVESTMENT
Paradise Foreshore Estate is a Co-own investment type used for the purpose of “buy-hold-sell” 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
₦1.280B (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 N80,000 which is the amount for 1SQM of 10,000SQM of land available in PARADISE FORESHORE ESTATE.
Property Category
Real estate product
Listing Date
Jan.2023
Investment Analysis
Paradise Foreshore Estate avails you of a 60% ROI in 2 years. E.g. with 80,000/1sqm. you would earn N48,000 totaling a payout of N128,000 in 2 years.
Capital Appreciation
This is the estimated capital gains of the property over a period.
Returns On Investment
It 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 2 years lock-in period.
Minimum Deposit
This is the minimum amount of share units that can be purchase.
Launch Date
3 months from the listing Date
Holding Period
24 months (2 years) from the projected launch date
Property Type
Ongoing reclamation and filling
Total Land Size
10,000sqm
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 timeline (the subscription period)
Answer: – 8 weeks, starting from the day of listing on the PINCOOP marketplace (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. 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, and 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.
8. 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.
9. What is the yearly ROI for this property?-
Answer: 30% of the capital is invested to co-own.
10. Has the property document been verified by PINCOOP before listing?
Answer- PINCOOP has done due diligence and verified the documents to be free from all encumbrances before listing them on the PINCOOP platform.
11. How long is the documentation period?
Answer – it takes 2 weeks.
12. Is the property going to be insured?
Answer: Yes, the property will be insured by Zenith insurance.
13. Can I transfer the ownership of my shares to another person?
Answer – yes you can, but you must notify us of an update on the PINCOOP database.
14. What happens if I do not want to retain my shares of the property again?
Answer; – you will notify us of your intentions and we would put it up for other investors to purchase at the current market value.