Project Description

CEDAR HOMES is Realty Point Limited’s affordable housing development, primarily aimed at providing access to quality housing solutions for middle income earners.   The brand promises unparalleled comfortable living experience within the most affordable and cost-effective means to our valued customers.

Strategically located by Lekki Scheme II in Lagos and sitting on approximately 20,000 sq./m, Cedar Homes aims to deliver a total of 160 comfortable, affordable, convenient and qualitative housing units.

Project Sponsors/Developer

Realty Point Limited

Property Type

Apartment (Flat)

Property Description

1 bedroom

Estimated Completion Date

March, 2021

Guaranteed Rental Income for the first one year

April, 2021

Current Construction Completion  Status

75%

If for any reason other than Force Majeure property is not ready for handover, rental income is guaranteed by RPL from

April, 2021

Title

Root Title: Certificate of Occupancy

Deed of Assignment: Perfected 

Regulatory Approval Status

Survey: Registered

Layout: Approved

Building Plans: Approved

Property Price

N16,300,000

Minimum Investment/unit

N25,000.00

Maximum Investment/unit per Investor

Multiples of N25,000;..., N100,000…, N250,000…, N500,000…, N1,000,000…, up to the available units at the time

Total number of fractional units

652 (N16,300,000)

Prelaunch Subscription units

145 (N3,625,000)

Available Subscription Units at Launch

507 (N12,675,000)

Investment Currency

NGN(N)

However, equivalent USD($) sum of the investment amount can be as determined by the prevailing exchange rate can be made.

Tenure of Investment

5 years

Returns

Annual rental yield

Capital growth through sale proceeds at maturity

Estimated Average Annual Rent

N 800,000.00

Projected Capital Appreciation

N 24,450,000.00

Projected Rental Yield p.a.

6%

Projected CapitalGrowth yr. 5

10%p.a.

Estimated AverageRoI p.a.

16%

Projected Return/Unit in Year 5

N45,000.00

Exit Options

Partial

Year 3: Pre-Maturity window

• Offer for sale of fractional units to interested existing investors
• If not purchased by existing investors then offer for sale of fractional units to any other interested investors on a best effort basis

Final

Year 5: Maturity window

• Sale of the property at market value to interested existing investors, external buyers or buy back by project sponsor
• Sale of the underlying asset to a Real Estate Fund(for example, Real Estate Investment Trust (REIT), Real Estate Investment Cooperative, etc)

Transaction Features

• Annual Property Valuation
• Property Insurance
• Property Management
• Investment Certificate
• Duly Stamped and registered Transaction Agreement
• Registered Title kept with the Custodian
• Annual rental payments
• Periodic Reports communicated to investors

Transaction Process

Step 1: Registration

Interested members can register on the BREFIP platform through the Bersama Cooperative website, by selecting Bersama Landlord- Direct membership route and providing basic information and filling the registration form. Subsequently you can login to your account with your username and password. You can also update your profile by providing additional information on the platform.

Step 2: Investment Details Preview and decision

Once you view the investment and the specifics about such investment such as the estimated ROI, tenure, minimum investable amount meet your specifications you can choose to invest multiples of the minimum investible amount.

Step 3: Payment

Select an option to either pay. Payment can either be done via the payment gateway on the platform or bank transfer to designated bank account with proof of payment sent to BERSAMA COOP (admin@bersamacoop.com)

Step 4: Confirmation

Once payment is confirmed the member receives an automated message validating the investment. Investment Certificate and Agreement shall also be ready for courier or pick up in our Lagos Office in not more than 30days after your investment.

Bank Account Details

Bank Name: GTBANK PLC

Account Name: BERSAMA REAL ESTATE COOPERATIVE MULTIPURPOSE SOCIETY LIMITED

Account Number: 0455293993

Bank Name: STANBIC IBTC PLC

Account Name: BERSAMA REAL ESTATE COOPERATIVE MULTIPURPOSE SOCIETY LIMITED

Account Number (LAGOS): 0024850431

Account Number (ABUJA):  0025955450

Frequently Asked Questions

CLICK HERE FOR FAQ

Contact Details

Realty Point Limited

REALTY PLACE

3, Olaide Beson Street,

Opposite Deeper Life Church

Onigbongbo, Maryland

Lagos

Phone: 09092203565

Email: info@realtypointltd.com

Website: www.realtypointltd.com