Femab
offers options in Peninsula Garden Estate
By Sun News
Monday, May 17, 2004
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| • An impression
of the Peninsula Garden Estate |
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Home, as it is popularly conceived is where the heart is.
FEMAB Properties Limited realizes this and emphasizes it in
the underlying philosophy of its Peninsula Garden Estate.
In conjunction with Metropolitan Bank and HSLM Trust &
Associates Limited, FEMAB is promoting the real estate scheme,
which it calls an "Ideal Neighborhood".
Location
The mixed class estate is located in Ogombo Village along
the popular Lekki-Epe Expressway, near the permanent site
of the Lagos Business School. It seats on a land expanse covering
22.5 hectares and on offer are 200 exotic plots many of which
are gone already. The estate is a fenced, thoughtfully planned
residential estate complemented with all the necessary infrastructure
and the facilities that make life worth living.
Tantalizing options
Interestingly, as if in keeping along the line of the ideals
of a democratic dispensation, FEMAB offers several optional
schemes in its elaborate and futuristic estate. The first
option is the site and service scheme, which places on offer
undeveloped plots of land that have been well laid out within
a network of infrastructure. This is the self-build option.
The second one essentially offers the purchasers the opportunity
to have the company build the house for them on the plot purchased
and thereby take away the inconvenience of having to do it
themselves. In order to cut down on the cost of construction,
FEMAB requires its prospective homeowners to work hand in
hand with the firm of architects and builders to ensure that
the design and construction methodology conforms to the standard
requirements of the promoter. A third option, which is very
similar to the second one, is that which requires the homeowner
to pay outright for a completed building. In every case, FEMAB
offers land issued with a certificate of Occupancy that is
free of encumbrances.
Building Designs
For those that settle for the second scheme of having the
company develop their purchased plots and build the houses
for them, several designs are also put on the card for them
to choose from. They include 5-Bedroom detached houses, 4-Bedroom
detached houses, 4-Bedroom semi-detached houses and 3-Bedroom
Executive flats.
Finishing
Good finishing is planned for the houses. Each unit will be
gated and landscaped in greenery and interlocking paving stones.
They are lovely designs that offer unhindered view of the
ocean waters and allow good ventilation. It provides for ample
parking space and a carport for the detached units.
Infrastructure
Facilities of infrastructure planned for the estate include
roads paved with interlocking stones, central water/sewage
system and central refuse disposal system. The electricity
supply will be uninterrupted that will have NEPA (mains) supply
effectively backed up with standby generators of appropriate
capacity. Also proposed for the estate are Telephone interconnectivity
and Internet connectivity. Others are functional drainage
system and 24-hour manned security system. A gymnasium and
some other recreational facilities will be provided as well
as a hospital that will cater to the health needs of the estate
residents. Efficient professional management of the Estate
will be conducted from the service office located within the
estate premises.
Cost Advantage & Mortgage
The FEMAB offer comes with some unique cost advantages. In
relative terms, its prices are fair and affordable with minimum
standard plot at N4million per plot. Payment may be spread
out in three tranches in the ratio: 50 per cent initial deposit,
30 per cent further payment when the internal finishing commences
(for the building scheme) and the balance 20 per cent to be
paid before handing over of the completed house. Mortgage
facility is also made available for those who want to realize
their housing dreams but do not have enough money.
Auxiliary Services
What is more, FEMAB also avails its clients of the support
service provided by its subsidiaries such as Shelter First
Associate, who are architects, which can design the houses
and Crystal Blocks that produces blocks, and other materials
needed in construction works.
Vision
The company has long term plans to sustain the high standards
of the estate which informs the reason why it is selective
of those persons who become residents of the estate. Its target
market comprises professionals in telecommunications, banking
and energy as businessmen operating in the direct and indirect
service industry.
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