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