3 Bedroom Apartment

UNIQUE OFF-PLAN OFFER.

We introduce to you our project tagged Cocoon Atlantic Estate, Sangotedo, Lekki, It is a mid-tier residential estate project that will have 383 house types- 2 bedroom flats,3 bedroom flats, 3-bedroom townhouses A & B and 4 bedroom townhouses located within Ajayi-Apata Layout off Lekki Exxpressway. Major landmarks are Fara Park Estate Novare Mall and FITC Centre. The estate will be provided with the following amenities:

- Well interlocked roads with covered drains
- Uninterruptible power supply
- Water & sewage treatment plants
- Street lighting
- Children play area and open spaces
- Commercial spaces
- Professional facilities management services.

PAYMENT PLANS

Outright Payment Terms

Cocoon Atlantic offers limited opportunity for outright purchase of the house types:

- 3-BEDROOM TOWNHOUSE A at N 29.5million, retail price N 36million.

- 3- BEDROOM TOWNHOUSE B at N 31.5million, retail price is N 39million.

- 3- BEDROOM FLAT for N 22.75millon, retail price is N 28 million.

50% down payment and balance spread over 12 months.

Delivery of unit (s) in 24 months.

12 Months Plan

- This attracts 10% discount.
- Equal monthly or quarterly payments over 12 months.
- Delivery in 24months.

24 Months Plan
- 10% down payment and balance paid monthly or quarterly over 24 months.
- No discount
- Delivery in 24 months.

48 Months Plan
- 10% down payment and balance paid monthly or quarterly over 48 months.
- Delivery of unit is 3 months of achieving 80% payment.
- No interest charge

Title is a Registered Deed of Assignment

Main Contractor is Step Development and the Leading Architects are AAAG and FMA.

We hope you will find this in order as we look forward to further engagement with you.

The undersigned can be reached at any time for any clarification.



Please refer to your application for the Cocoon Atlantic development under the National Housing Fund enhanced payment plan. Thank you for your interest in the project.

To help you understand the payment plan better, please find below a summary of the payment plan:

1. Deposit -- 20% of the purchase price, with an initial commitment of N1million, and the balance spread over a maximum period of 24 months, during which your unit will be delivered to you.

2. Payment of the Balance will be made upon completion of your unit. Cocoon will facilitate NHF for the subscriber towards the payment of the next main tranche -- maximum amount is N15million, tenor is (60 -- your current age) subject to a maximum of 30 years. With the structure we are working with, you will not start repaying the NHF loan until we have completed the construction of your unit. In cases where the 20% contribution and NHF amount are not sufficient to cover the cost of the unit; the difference can be financed through any of the following means:

a. Spread payment of the balance based on the following terms;
1. Initial payment of at least 25% of the balance.
2. Spread of the balance at an additional annual charge of 10% interest on reducing balance basis.

b. Subscriber can finance the balance using commercial mortgage -- the commercial mortgage provider will be the first--tier lender. We can facilitate access to commercial mortgage through our primary mortgage bank partner.


By way of next steps, we require you to make a commitment of the initial N1 Million to enable us to progress the transaction and batch you with our October list for the NHF application. Upon payment of the initial commitment, we will share with you the draft contract and other documents required for the NHF application.

I would be pleased to provide you with additional information or answer any questions you may have.

Please be assured of our commitment to making good on our promises and we look forward to progressing engagements with you.

The 3 bedroom apartment is 28 million naira.