Land

WHERE IS TEHILLA GARDENS PHASE 2 OWERRI? TEHILLA GARDENS PHASE 2 OWERRI is a parcel of land situated along Aba-Owerri Road at Ngo-Okpala Community – Ngo-Okpala LGA, Owerri, Imo State. WHO ARE THE OWNERS/ DEVELOPER OF TEHILLA GARDENS PHASE 2 OWERRI? PWAN HOMES LTD, a Leading Real Estate Company and Folkland Property Development Company (FPDC), a leading player in the Construction sector of the economy with offices in Lekki, Lagos State and Owerri Imo state. WHAT TYPE OF TITLE DOES TEHILLA GARDENS PHASE 2 OWERRI HAVE ON THE LAND? (a) Registered Power of Attorney from the customary owners, Registered Survey Plan and Contract of sale between PWAN HOMES and Attorney Holders (b) Deed of Assignment/Agreement, Certificate of Rural Occupancy. ARE THERE ANY ENCUMBRANCES ON THE LAND? The land is free from every known government acquisition or interest and adverse claims. WHAT IS THE PAYMENT STRUCTURE? (a) Payment of the sum of N150,000 only per plot on 12months instalment for 464sqm & N75,000 only per plot on 12months instalment for 232sqm. (b) Outright payment N1,620,000 per plot for 464sqm & N810,000 per plot for 232sqm (c) Change/Correction of Name(s) attract N10,000 charges (Subject to review) (d) Transfer of Ownership attract 10% of land cost (e) N.B :- Non-payment of the monthly instalments as at when due shall be treated as a fundamental breach of the contract which will result in termination or revocation of the contract/OR attract default charge of 10% of the month payment Note: Outright Payment Attract 10% discount WHAT IS THE SIZE OF THE PLOT? 464sqm And 232sqm (50ft by 100ft And 50ft by 50ft) IS THE ROAD TO THE ESTATE MOTORABLE? Yes, the road to the estate is motor able. WHAT DO I GET AFTER THE INITIAL DEPOSIT? Starters pack comprising a letter of acknowledgement of subscription, receipts of payment. WHAT DO I GET AFTER COMPLETING PAYMENT FOR THE LAND? (a) Completion Payment Receipt, Contract of Sales & Allocation Notification Letter (a) Deed of Assignment & Survey Plan after Physical Allocation is done. CAN I START CONSTRUCTION OR BUILDING ON THE LAND NOW? You can start building on the land after Physical Allocation, while Fencing will be done in the 2nd year and Other Infrastructures will commence the 3rd year. CAN I RE-SELL MY PLOT/PROPERTY? (a) Yes, subscribers who have paid up on their land can re-sell their plot(s). PWAN HOMES would require the seller to furnish the company with details of the buyer (b) Charge of 10% of the land consideration (Covering Transfer Documentation Fee shall be paid to the Company by the buyer. ESTATE FEATURES AND NEIGHBOURHOOD: (a) 6 minutes drive from Owerri Town (b) 10 minutes drive to ShopRite, Egbu (c) 10 minutes drive to Imo Airport (d) Well Planned Standard Roads (e) Residential and Commercial plot Available (f) Schools (g) Hospitals (h) Sport club (I) Security Centre/Police Post (j) Build to your Taste within Specification.