Scroll to top

Edge Castle Estate

Edge Castle Estate

EDGE CASTLE ESTATE is a serviced estate under development by Edge Breaker Global Business Investment Limited with superior concept and infrastructures designed to appeal to discerning home buyers and smart investors alike.
Strategically located at Ebutu-Lekki, Lekki town, Ibeju Lekki. The estate is poised to be a masterpiece of its kind. It is about 7 mins drive after the Dangote oil refinery, facing the express and dry. The estate is with a good title (Gazette).

Gazette is an official journal, a newspaper of record where all special government details are spelt out, detailed and recorded. A gazette shows communities or village that have been granted excision.

 

 

EDGE CASTLE LAY OUT

 

WHERE IS EDGE CASTLE?

Edge Castle is located along Akodo to Lekki road, Ojuoto and Ebutu-Lekki town, Ibeju-Lekki Local
government area, facing express.

WHAT ARE THE PAYMENT STRUCTURE?

 The payment structure for 600sqms are as follows:
Outright payment {0-2 months} – N6, 000,000
Instalment {3 months} –N6, 200,000, {6 months} – N6, 500,000, {1 year} – N7, 000,000.
 The payment structure for 500sqms are as follows:
Outright payment {0-2 months} – N5, 000,000
Instalment {3 months} –N5, 200,000, {6 months} – N5 500,000, {1 year} – N6, 000,000.
 The payment structure for 300sqms are as follows:
Outright payment {0-2 months} – N3, 000,000
Instalment {3 months} –N3, 150,000, {6 months} – N3, 300,000, {1 year} – N3, 600,000.
 Monthly instalment payment is expected same date every month. Non- payment of instalment
14 days after its due date shall attract a late payment penalty fee of 10% the expected amount.
 Non – payment of instalment payment for more than 3 months consectively without a written
consent of the company shall be considered a fundamental breach of the sales contract. A
refund of total monies paid less 30% shall be refunded after the property is resold. Make 40%
down payment and spread the balance over a chosen duration.

IS THERE ANY ENCUMBRANCES ON THE LAND?

The land is free from every known government acquisition, Omo-onile, individual interest and no
adverse claimant. The legal title to the land is “GAZETTE

What happens if I default in my payment?

You shall be given a grace period of additional 90 days (10% late payment penalty applicable) after which the transaction would be declared null and void. You would be refunded total money paid so far less 30% (25% administrative expenses and 5% default fees). Refund is subject to when plot is resold. Alternatively, you could get a new buyer and inform the company for transfer of ownership which attracts a 2.5% (of selling value)admin fee.

Benefits of Buying into Edge Castle

  • Buying into edge castle gives you an opportunity to live in a serene secure environment
  • buying into edge castle gives you a direct road accessibility to the estate since the estate is facing the express
  • the estate is a dry land and it is immediate allocation upon full payment
  • the estate is well designated with modern facilities keeping to the 3D design

What other estates / institutions are in the neighbourhood?

Dangote refinery, Lekki town secretariat, Lekki Free Trade Zone, Dangote private jetty, power Oil
Company.

WHAT ARE THE VARIOUS PLOTS AVAILABLE?

Plots within the Estate are in Clumps thus;
– Clump A – Ready to build within 4—6 months from allocation.
– Clump B— Ready to build with 7—12 months from allocation.
– Clump C— Ready to build within 13—24 months from allocation.
– Clump D— Land Banking.
You’re to indicate on the subscription form the purpose for which you are purchasing.
 Provided always that, where a plot is allocated to subscriber and the subscribers fails to keep to
the purpose of the clump, the subscriber will be relocated to another clump within the estate.
 Construction can commence once full payment has been paid and the building plan approval has
been sought and received from Edge Breaker and the Lagos State Government’s appropriate
authorities.

HOW MUCH IS INFRASTRUCTURE?

The infrastructure levy is N2, 000,000. Documentation fee is N500, 000, that is, Deed of Assignment,
Registered Survey, Deed of Restrictions {Building Brochure}. And N1, 500,000 for Estate Development,
Estate Management and Estate Supervisory. Please note that, all payments concerning infrastructure
should be paid within the period of 6 months after the land payment.
9. You can sell your plot, if you have paid up your land. However, consent must be sought from and
granted by EDGE BREAKER GLOBAL BUSINESS INVESTMENT LIMITED and such consent not unreasonably withheld by the company. We would require you to furnish the company with the details of
the buyer.
10. Selling your plots can be done either by you selling yourself directly or the company selling on behalf
of the client. The process of Resale is as follows:
 In whatever circumstance of sale, you send an email notifying the company of your intention to
sell, detailing whether you elect to sell directly or through the company. Email for this purpose
should be sent to info@edgebreakers.com
 For selling directly, all financial obligations to the company {payment for Land} must have been
settled. The cost of the transaction is borne between the parties to transaction why the
company charges only the new owner a registration fee of 5% of the current market value of the
property, and the new owner makes a payment for Documentation { Deed and Survey}.
 Where there are outstanding payments to be made, and there is no arrangement to settle same,
the company will as necessities effect the sale on your behalf, deduct all outstanding fees and
2% agency fee of the current market value of the land, while the remaining proceed is paid to
the client. The new owner is obligated to pay for Documentation {Deed and Survey}
subsequently.
For engaging the service of the company for Resale:
 The company is obligated to look for a suitable buyer and the land is offered to the buyer at
the current market or best offer value.
 Upon eventual sale, the company will pay to the client { seller} the purchase price of the
land at its current market value less 20% agency and transactional fee and the balance of
the proceed of the sale will be paid to the client { seller} while the new owner pay for his
documentation { Deed and Survey}.
Provided always that, where the plot to be sold is undeveloped and has not been maintained by the
seller, and the company has proceeded to keep the plot maintained and secured on behalf of the
seller, the company shall be entitled to an additional 15% of the appreciation value {that is the
difference between purchase price and current price} as at the time of sale, as in envisaged in the
estate guideline.
 Upon resale, the client {seller} must deliver all original copies of documents issued to him to
the new owner and/or the company.
 Where the property is developed, that is, there is an existing building on the land, the
company is only entitled to a transactional fee of 1.5% on the sale of the developed
property.

HOW DO I MAKE PAYMENT?

ALL PAYMENTS SHOULD BE MADE ONLY TO:
ACCOUNTNAME: EDGE BREAKER GLOBAL BUSINESS INVESTMENT LIMITED
FIRST BANK OF NIGERIA PLC;
ACCOUNTNUMBER: 2030809105
ZENITH BANK:
ACCOUNTNUMBER: 1014865186