Lease to own option

SALES BREAKDOWN

FESTAC (30 Units)

House Type:                                                       2 Bedroom Apartments

Ppty Value:                                                         #30,000,000.00

Tenor:                                                                  20yrs

Rental:                                                                 #1,500,000.00

Option fee (5% of ppty Value)                        #1,500,000.00

Legal fee (2.5% of ppty Value)                        #750,000

Default protection insurance (2.5% of rent) #37,500 yearly

VAT (5% option and legal fees)                       #112,500

Transaction Fee                                                 #1,000,000.00

Initial payment:                                                 #4,900,000.00

Location:                                                             GLA Golden Tulip & Festival

 

FESTAC (20 Units)

House Type:                                                       1 Bedroom Apartments

Ppty Value:                                                         #22, 000, 000.00

Tenor:                                                                  20yrs

Rental:                                                                 #1,100,000.00

Option fee (5% of ppty Value)                        #1,100,000.00

Legal fee (2.5% of ppty Value)                        #550,000

Default protection insurance (2.5% of rent) #27,500

VAT (5% option and legal fees)                       #82,500

Transaction Fee                                                 #1,000,000.00

Initial Payment:                                                 #3,860,000.00

Location:                                                         GLA Golden Tulip & Festival

GRA IKEJA (5 UNITS)

House Type:                                                        5 Bedroom houses

Ppty Value:                                                          #120,000,000.00

Tenor:                                                                   20yrs

Rental:                                                                  #6,000,000.00

Option fee (5% of ppty value)                          #6,000,000.00

Legal fee (2.5% of ppty Value)                         #3,000,000

Default Protection insurance (2.5% 0f rent) #150,000

VAT (5% option and legal fees)                       #450,000

Transaction Fee                                                 #1,000,000.00

Initial Payment:                                                 #15,600,000.00

Location:                                                          10, Adeyemo Alakija GRA Ikeja

OPEBI (ALMOST SOLD OUT)

House Type:                                                       4 Bedroom Terrace Houses

Ppty Value:                                                         #70,000,000.00

Tenor:                                                                  20yrs

Rental:                                                                 #3,500,000.00

Option Fee (5% of ppty value)                        #3,500,000.00

Legal Fee (2.5% of ppty value)                        #1,750,000

Default Protection insurance (2.5% of rent) #87,500

VAT (5% option and legal fees)                       #262,500

Transaction Fee                                                 #1,000,000.00

Initial Payment:                                                 #10,100,000.00

Location:                       7, Methodist church str off ajanaku Str, Awuse Ese, Opebi

OREGUN (30 UNITS)

House type:                                                        4 Bedroom Apartments

Ppty Value:                                                         #40,000,000.00

Tenor:                                                                  20yrs

Rental:                                                                 #2,000,000.00

Option Fee (5% of ppty Value)                        #2,000,000.00

Legal fee (2.5% 0f ppty Value)                        #1,000,000

Default Protection insurance (2.5% 0f rent) #50,000

VAT (5% option and legal fees)                       #150,000

Transaction Fee                                                 #1,000,000.00

Initial Payment:                                                 #6,200,000.00

Location:                                              David Court 28, Rainbow drive peace Estate

OJODU BERGER (5UNITS)

House Type:                                                            3Bedroom Maisonettes

Ppty Value:                                                              #40,000,000.00

Tenor:                                                                       20yrs

Rental:                                                                      #2,000,000.00

Option Fee (5% 0f ppty Value)                             #2,000,000.00

Legal Fees (2.5% 0f ppty Value)                           #1,000,000

Default protection insurance (2.5% of rent)     #50,000

VAT (5% option and legal fees0                          #150,000

Transaction Fee                                                     #1,000,000.00

Initial Payment:                                                     #6,200,000.00

Location:                                                                4, Osunde close, off Aina str Ojodu