For those who need homes to buy but don't have all the money for outright payment, Coral Courts offers an opportunity for homeownership with its flexible payment plan.

Coral Courts is Sheeler Ventures' private development scheme showcasing 12 units of three-bedroom apartments in two distinct wings with adequate parking lots and landscaping in the highbrow area of Oniru Estate, Victoria Island, Lagos . It is an apartment block with emphasis on contemporary design ideal for investment and residence.

The promoters say installment payments are acceptable, explaining that the first installment which is the initial deposit of 20 percent of the price of the house is paid immediately upon acceptance of offer followed by a second installment which is 30 percent of the price to be paid in the third month after the start of construction.

The third installment payment of 30 percent of the value of the property is made on the sixth month of the start of construction while the fourth and last installment of 20 percent is paid on the ninth month after the start of construction. According to the promoters, a buyer, among other things, should undertake to pay cash calls of installment payments in accordance with the payment schedule as and when due, adding that in the event of any period thereof remaining unpaid after 14 days of being demanded, the said amount will attract interest rate at the prevailing lending rate of commercial banks.

The property, situated at the back of The Palms Shopping Complex and shares a common fence with British International School , Lekki,  is accessible for either vehicular or pedestrian access with paved roads. Each apartment in the estate is tastefully designed and distinctly finished to meet up with contemporary standards, just as each apartment is also arranged with premises that leave ample space as playing ground and parking. Access to the premises is privately gated through a single major double leaf vehicular gate and pedestrian foot gate leading to the frontage of the building.

An official of the company who spoke to our correspondent in Lagos stated that each apartment at the court parades features and facilities such as spacious living room and dining; fitted kitchen, burner, oven, microwave oven extractor, refrigerator etc;

Other features include high quality bathroom fittings; all rooms en-suite; security doors for all external doors and high quality flush doors with quality locks; floors will be finished with a combination of granite, glazed and ceramic tiles; one room servant  quarters per apartment.

"There are also well paved external areas with appropriate horticulture; spacious parking lots; market for the residents and visitors; security post at the entrance; swimming pool and sound-proof generator; water treatment plant; paved roads with covered drainage system and streetlights; intercom between gate and apartments. The apartments have been planned with special consideration given to aesthetics which includes the induction of well landscaped areas", he assured.

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Source: Business Day Online