Ibeju Lekki

Where will you be in the next 5yrs, Old Lagos or New Lagos?

Grab a piece of land at an unbelievable price of N5,000,000

A2W Estates Limited

Own a Home in Platinum Estates: An incredible opportunity to own a piece of prime real estate in the lush and serene environment in the rapidly developing Lekki area of Lagos!

Features:

  • Opposite Eko Tourist resorts, Akodo,
  • 3 mins from Hermitage Resorts, Akodo,
  • 7 mins from Lekki Free Trade Zone,
  • 8 mins from proposed Dangote refinery,
  • 10 mins from Amen Estate & Alberta Academy
  • 10 mins from New Youth Era Camp
  • 5 mins from Eleko Beach
  • Proposed Lekki Airport, Proposed Lekki Seaport,
  • Lekki Beach Golf Resorts, La Campagne

FREQUENTLY ASKED QUESTIONS

1: Where is Platinum Estate Ibeju Lekki?

Platinum Estate Ibeju Lekki is at Orofun on the Eleko-Akodo highway, Ibeju Lekki, Lagos State.

3. Who is the developer of Platinum Estate, Ibeju Lekki?

A2W Estates Ltd.

5. What is the size of residential/commercial plot?
The size of land is approximately between 525sqm. If the plot allocated is less than stipulated size, A2W Estates Ltd will credit the client’s account with the differential at the rate of purchase and vice versa.
 
The landed property is free from every known government acquisition and no adverse claimant.
5. What is the size of residential/commercial plot?
The size of land is approximately between 500sqm and 648sqm. If the plot allocated is less than stipulated size, A2W Estates Ltd will credit the client’s account with the differential at the rate of purchase and vice versa.
 
The landed property is free from every known government acquisition and no adverse claimant.
7. What other payments do I make apart from the payment for the land ?
1. Legal Documentation Fee: 5% of sales value but not less than N20,000
2. Development Levy Deposit: N1,500 per sqm
i. Kindly note that the fees and levy stated above are subject to review.
ii. Where review of either the fee or levy takes place before a subscriber completes such fee/levy payment, the reviewed amount is what becomes payable by such subscriber.
3. Allocation Fee: N50,500/ plot subject to review.
9. What is the Development Levy used for?
Provision of drainage, electric poles, and strings for the distribution of power, water and road network.
11. When will my plot(s) be allocated to me?
Paper allocation will take place after completion of payment for land, documentation, Survey and development levy deposit. Physical allocation takes place after all necessary payments have been made and account reconciled between both parties as regards size of plot(s) allocated.
13. What do I get after completion of payments for the land, document and survey?
Receipt(s), Contract of sale, Letter of Allocation, A copy of Global Survey Deed of Assignment.
15. What about Omo-oniles?
Clients would be completely shielded from transacting with Omo-oniles (Land Owners). All transactions with them would be negotiated and taken care of by A2W Estates Ltd.
17. What happens if I cannot complete payment or default in the payment of the installment subscription?
If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, a refund is subject to resale of your plot and you get your contribution less cost of Deed of Contract and 30% administrative charge. Kindly note that these charges are subject to review. This is because this project is patterned after joint ventures.
19. Is there any restriction as to the type of building I can have?
Yes, you are limited to building residential houses within the area designated as residential. Provision of shops in residential houses and building of tenement house type (popularly known as FACE-ME-I-FACE-YOU) is not permitted. However, all approved layout elements must be complied with in the Estate as stipulated by A2W Estates Ltd.
21. Can I resell my plot/property?
A2W Estates Ltd can assist subscribers who have paid up on their land to get a buyer or they can come up with a buyer themselves, whichever comes first. A charge of 15% (agency fee) is deducted from purchase/selling/current price if A2W Estates Ltd brought the new buyer. Note that transfer fee is also payable by either of the parties (seller or buyer).
23. Which of A2W Estates Ltd’s Bank account(s) is(are) designated for this project?

Account Details:

                4011090381
                A2W Estates Ltd
                Fidelity Bank

25. Can I pay cash to your Agent?
While we are not discrediting anybody, we strongly advise that cash should be paid to A2W Estates Ltd designated bank accounts ONLY. Otherwise, cheques should be issued in favour of A2W Estates Ltd only. Please note that the management of A2W Estates Ltd accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.
2: What are the names of other estates and institutions within 3KM radius of A2W Estate Ibeju Lekki?
The land is within this neighbourhood:
Opposite Eko Tourist resorts, Akodo, 3 mins from Hermitage Resorts, Akodo, 7 mins from Lekki Free Trade Zone, 8 mins from proposed Dangote refinery, 10 mins from Amen Estate, 10 mins from Alberta Academy, 10 mins from New Youth Era Camp, 5 mins from Eleko Beach
 
Other land marks not far to the neighbourhood are:
Proposed Lekki Airport, Proposed Lekki Seaport, Lekki Beach Golf Resorts, La Campagne Tropicana Beach Resort
4: What is the price per plot for residential and commercial plots respectively?
Residential costs N4,500,000 per plot (Outright payment)
Commercial plots are not being sold as yet.
6. What types of infrastructure will the developer provide?

Perimeter fencing, earth road, transformer and connection to the national grid.

8. What do you mean by Development Levy?
Development Levy is the amount payable for infrastructural development in the estate. It is determined on a per square metre basis so that the amount payable by a subscriber is directly proportional to the actual size of the plot(s) allocated.
10. When do I pay Development Levy ?
The development levy is expected to be paid as follows:-
N1500 per sqm x (600-648)sqm x (the no of plots) will be due for payment along with survey fee after completion of payment of land and documentation before paper allocation.
The difference (credit to the subscriber if allocated plot is less than (600-648)sqm and debit his/her account if it is more than (600-648)sqm) must be paid before physical allocation of plot(s)
12. Can I start construction or building on the land now?
Yes, you can start building on the land immediately after physical allocation and payment of the stipulated development levy.
14. What documentation does A2W Estate have?
We have the Purchase Agreement, Land Perimeter Survey, Site Layout, Excision documents, Lagos State Gazette on the land. Governor’s consent in view.
16. What title would I get eventually?
Eventually, subscribers/clients will get a Deed of Assignment of the unexpired term of the root title subject to terms and conditions as the Government may determine from time to time including fees to be paid accordingly as would be advised.
20. Can A2W Estates Ltd build for clients?
 Yes, A2W Estates Ltd is sufficiently competent to construct for clients.
22. What is the sequence of event in this transaction?
  • Payment for land
  • Payment for documentation
  • Letter acknowledging full payment for land and reserving the equivalent of the plot(s) paid for within the concerned estate
  • Allocation by mail
  • Reconciliation of development levy payable and final settlement/payment
  • Physical allocation
  • Payment of all statutory fee like Building Plan Approval, etc
  • Commencement of construction activities
  • Completion of your housing unit
  • Occupation, management and maintenance
24. How can I see the place?
We conduct inspection to site any time of the week but regularly on Saturdays Kindly call any of these lines for site inspection arrangement 0803 620 6076, 0815 299 3477, 0807 269 4444
26. Can there be changes and/or amendment to this offering as it is presently known?
The real estate industry just like most others is a dynamic industry and as such things get to change from time to time most especially for the better. However, any change, amendment or modification shall be communicated and endorsed by A2W Estates Ltd. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbills, posters and any other means of communication. The correspondence shall be deemed to have been received by the client having been sent by A2W Estates Ltd.