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
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.
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.
Real estate product
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.
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.
This is the minimum amount of share units that can be purchase.
3 months from the listing Date
24 months (2 years) from the projected launch date
Ongoing reclamation and filling
Total Land Size
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.