The Harbour Estate, Mayfair-Lekki is planned as a bespoke site and serviced estate tucked in a very serene environment behind the popular Mayfair Garden at Lakowe area of Lekki, a few metres away from the newly opened and functional Lakowe Lakes Golf Course with a good proximity to Eko-Akete. Payment made for the plot covers for the land, documentations, provision of infrastructure,s and the omo-onile’s known customary fees/charges.
Behind Mayfair Gardens, before the newly opened Lakowe Lakes Golf. It is some 6minutes from Greenspring School, 11minutes from Crown Estate, 14minutes drive from Pan-Atlantic University (formerly Pan African University), 20minutes drive from Ajah junction, 22minutes drive from VGC junction and 35 minutes outside the bustling business centre of Lagos.
The Ibeju-Lekki corridor is fast emerging as an aquatic tourist haven bordered by the Atlantic Ocean on the East and the Lagoon on the West. The peninsula is approximately 70 to 80 km long, stretching from Victoria Island in the west to Refuge Island in the east, with an average width of 10 km.
The Lekki Sub-Region includes several Estates, gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone (FTZ), an airport, and a sea port. The Lekki corridor is estimated to be about 60,000 hectares excluding the areas allocated for the Lekki Free Trade Zone, Sea Port and International airport.
The new Export Processing Zone (EPZ), Lekki Free Zone has the full approval and backing of the Federal Governmentis being heavily funded by the Lagos State Government through the World Bank. It was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos and comprises of 16,500 hectares of land to the South-East of the city of Lagos.
It is a model city which will offer unparalleled opportunities to businesses and investors. The LFZ has been conceived within the heart of Africa to connect the regional market to the globe. It is intended to be a magnet for international investments.
TITLE DOCUMENTATION AND TITLE VERIFICATION
The Harbour Estate, Mayfair-Lekki site falls under the Igbokoko, Onikoko and Ashiribo Villages Excision granted and approved by the Lagos State Government. This is easily verifiable from the Lagos State Surveyor General & Bureau of Lands, Alausa, Lagos.
FAQ-The Harbour Estates
Q1. Where is the Harbour Estate, Mayfair-Lekki?
Ans: It is less than 2km behind Mayfair Garden before Lakowe Bus stop on the popular Lekki – Epe Expressway in Ibeju Lekki LGA of Lagos State.
Q2. What are the names of other estates and institutions within 3 KM radii of The Harbour Estate?
Ans: A. Mayfair Garden Estate, Adiva Estate, Lokowe Golf Course, e.t.c
Q3. Who is the developer of The Harbour Estate, Mayfair-Lekki?
Ans: Realty Point Limited.
Q4. Can the payment be made in installments?
Ans: Payment per plot can be made as follows:
The after promo offer price is N10m; N2m initial deposit and N200, 000 per month for 40months. Outright payment attracts 5% discount and ensures the buyer gets allocated on a first come first serve basis.
Q5. What is the size of residential plot?
Ans: Approximately between 600sqm and 648sqm
Q6. Is there any encumbrance on the land?
Ans: The land is free from every known government acquisition and no adverse claimant.
Q7. What types of infrastructure will the developer provide?
Ans: Perimeter pole fencing, motorable road, transformer(s), connection to the national grid, electric poles, strings, drainage and water.
Q8. What other payments do I make apart from the payment for the land?
Ans: The payment for land covers: land, provision of stated infrastructure, as well as Omo-onile pre-agreed customary fees/charges as a protection of our subscribers from their possible antics.
NOTE: The payment does not include the following which shall become payable as indicated:
- Perfection of the Deed of Assignment; when the subscriber decides to perfect title with appropriate State Government Authority
- Annual Estate Service & Maintenance fee; this becomes payable 12months after physical allocation of plot to subscriber.
Q9. When will my (plots) be allocated to me?
Ans: On paper by way of letter allocation will be done immediately full payment is made. However, physical allocation shall be done between 2 to 3 months after the final payment for plot, survey & documentation to allow for time required to do the survey, documentation, etc.
Q10. Can I indicate where I should be allocated within the Estate?
Ans: We allocate progressively on first in line basis at the discretion of the company. However, preference may be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee.
Q11. What do I get after completion of payments for the plot?
Ans: Final receipt, Congratulatory & Allocation letter acknowledging completion of payment for plot and stating plot allotted.
Q12. What type of title does Realty Point limited have on the land?
Ans: Contract of Sale first, and the Deed of Assignment derivable from the Global C of O (Gazette) on the entire expanse of land. The Harbour Estate, Mayfair-Lekki site falls under the Onikoko, Igbokoko and Ashiribo Villages Excision granted and approved by the Lagos State Government. This is easily verifiable from the Bureau of Lands, Alausa, Lagos & Lagos State Surveyor Generals Office.
Q13. What title would I get eventually?
Ans: Deed of Assignment
Q14. What about Omo-oniles?
Ans: You will not have any nexus with omo-oniles. No omo-onile wahala. We face that on your behalf.
Q15. What other value added service(s) is Realty Point Limited (RPL) set to provide for subscribers into the estate?
Ans: RPL shall be on the site for a period of 2-4years to allocate and set up the initial Landlord Association starting from September 2013 unto August 2017 at the most after which the Estate shall be handed over to the Landlord & Resident Association in its entirety.
Q16. How will the estate be managed and maintained?
Ans: The estate shall be managed by the Landlords & Residents using the vehicle of the Association or any other party she delegates to act on her behalf after RPL hands over. RPL can also be engaged to render such service to the Association, it will be our pleasure.
Q17. What happens if I cannot complete payment or default in the payment of the monthly subscription?
Ans: You will qualify for a refund of total money paid less 30% as administrative expenses subject to resale.
Q18. Can I pay a deposit and pay balance anytime within the duration of tenure?
Ans: After the payment of the initial deposit you are expected to pay the balance monthly at least. None payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract.
Q19. Does Realty Point Limited charge interest on the balance of payment?
Ans: No, the transaction is interest free once stated payment schedule is adhered to.
Q20. Can I start construction or building on the land now?
Ans: You can start building on the land immediately after physical allocation.
Q21. Is the road to the estate good and motorable even during raining season?
Ans: Yes the roads to the estates are good and motorable all season.
Q22. Is there any restriction as to the type of structure I can build?
Ans: Yes, you are limited to building residential houses only and such must be as approved by relevant Government Authorities/Agencies. However, building of tenement house type (popularly known as “FACE ME I FACE YOU”) is not permitted.
Q23. Is there any time limit to commence work on my land after allocation?
Ans: You are encouraged to start work immediately after the physical allocation of your plot.
Q24. Can I resell my plot/property?
Ans: Realty Point Limited may assist subscribers who have paid up on their land to get a buyer, the subscriber is also encouraged to get buyers or engage the services of Property Agents in doing so. A charge (agency fee) is payable if Realty Point Limited sells for a subscriber.
Q25. What is the process for the transfer (or change of name) of ownership of the property?
Ans: We recognize that buyers may need to sell their purchase for varying reasons. However, due to the administrative and legal issues required in the proper transfer of these purchases, we would only honour transfers once full payment for land has been made.
Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which title documents and a Purchase Agreement can be issued to the new owner (buyer).
Plot ownership verification, an exercise which should take place in writing and in our office by the new buyer with the consent of the original buyer (seller now) attracts a fee.
A non refundable Transfer Fee per unit of plot is also payable before the Property Transfer Form can be treated.
Please note that the transfer fee is subject to review.
Q26. What is the sequence of event in this transaction?
Ans: i) Payment for land
ii) Congratulatory & Allocation by letter
iii) Payment for Survey and Documentation
iv) Physical allocation and induction into Landlord Association.
Q27. What is the relationship between RPL and Prime Exchange Limited?
Ans: RPL is the developer as earlier said while Prime Exchange Limited is the sole authorized sales agent for The Harbour Estate, Mayfair-Lekki. The sales of this The Harbour Estate cannot be done by any other person other than sub-agents of Prime Exchange Limited