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Rehoboth City

Rehoboth as the name implies was conceived to create more room for the rehoboth_flyer
increasing numbers of subscribers to Pentagon Real Estate developments. It is accessible from the Orile-Igbein junction along the Papalanto Express road about 7km [5minutes drive] from the roundabout at the Sagamu interchange of the Abeokuta/Ijebu-Ode/Benin Express road and is located behind Mainland Park.

Rehoboth City is hosted by a serene but economically fast-growing neighborhood of the now popular Mowe-Ofada axis in Ogun State. Developments within this zone include the proposed Chrisland University and Mega City. Its project execution is patterned after the flagship project of Pentagon Real Estate developments; the Mainland Park. The scheme aims at offering for sale, serviced plots and developed properties. It is over 470 acres in size.

 PAYMENT OPTIONS

1. Outright purchase attracts 5% discount

2. Payment spread through 24 equal monthly instalments

WHERE IS REHOBOTH CITY?

This is a model affordable Estate located opposite Chrisland University behind Mainland Park off Papalanto Road, Ogun State.

WHAT ARE THE NAMES OF OTHER ESTATES AND INSTITUTIONS ETC WITHIN 2KM RADIUS OF REHOBOTH CITY?

Lagos/Ogun Mega City, An International School, 3 Universities, Factories, Numerous Estates, Serene Environment Etc.

WHO IS THE DEVELOPER OF REHOBOTH CITY?

Pentagon Real Estate Investment Limited. Full Address is available on our contact page.

WHAT IS THE PRICE PER PLOT?

N1m (Outright purchase) and N1.2m (Installmental) is the price per plot.

WHAT IS THE SIZE OF A PLOT?

648 square meters or 60ft x 120ft or 18meters x 36 meters.i.e Standard Plot.

WHAT IS THE MODALITY OF THE ESTATE?

It shall be for Site and Services.

WHAT HAPPENS IF A LESSER OR BIGGER SIZE OF LAND IS ALLOCATED TO ME?

The financial equivalence of the shortfall as measured in area will be backed off the total cost and it will be refunded. The opposite will also be true if the allocation is discovered to be more than 648sqm.

IS THERE ANY ENCUMBRANCE ON THE LAND?

The land is free from every known government acquisition and no any adverse claimant.

WHAT TYPE OF INFRASTRUCTURE WILL THE DEVELOPER PROVIDE?

Perimeter fencing, earth road, transformer and connection to the national grid, borehole water supply.

WHAT INFRASTRUCTURE WILL THE DEVELOPER NOT PROVIDE?

Electrification of individual houses (Poles and its stringing), connection of individual’s houses to the water mains, drainages, and tarred/paved road.

WHAT OTHER PAYMENTS DO I MAKE APART FROM THE PAYMENT FOR THE LAND?

Subscribers shall pay N170,000 (Individual) and N200,000 (Corporate) for the survey of each plot. Development Levy is N1.5m for those who are building only (not for investors/speculators).

WHEN WILL ALLOCATION BE DONE?

The First Set of Allocation will be done before the end of 2009 . Subsequently allocation date will be communicated to subscribers on the scheme

THE DEVELOPMENT LEVY WILL BE USED FOR WHAT?

Provision of electric poles, strings for the distribution of energy and distribution of water mains.

WHEN DO I PAY DEVELOPMENT LEVY?

After full payment for the land and other charges like the Legal & Survey Fees.

WHAT DO I GET AFTER COMPLETION OF PAYMENTS FOR THE LAND?

Receipt, letter of allocation, estate covenants, survey plans and deed of assignments.

WHAT TYPE OF TITLE DOES THE COMPANY HAVE ON THE LAND?

Irrevocable power of attorney donated by the customary owners.

DOES REHOBOTH CITY HAVE A CERTIFICATE OF OCCUPANCY (C of O)?

Rehoboth C of O is still in the process.

WHAT HAPPENS IF I CANNOT COMPLETE PAYMENT OR DEFAULT IN THE PAYMENT OF MONTHLY SUBSCRIPTION?

You will get a refund of total money paid less 2.5% administrative expenses.

CAN I PAY A DEPOSIT AND PAY THE BALANCE ANY TIME WITHIN THE DURATION OF TENURE CHOSEN E.G. 1 YEAR?

After the payment of the initial deposit you are expected to pay the balance monthly, non payment monthly as at when due will be treated as a fundamental breach of the contract which can result to termination or revocation of the contract.

DOES REHOBOTH CITY CHARGE INTEREST ON THE BALANCE OF PAYMENT?

The transaction is interest free.

CAN I START CONSTRUCTION OR BUILDING ON THE LAND NOW?

The Subscribers can start building upon completion of payment for the Land, Survey and Legal Fees and of course the development Levy.

IS THE ROAD TO THE ESTATE GOOD AND MOTORABLE EVEN DURING RAINING SEASON?

Yes, The road to the estate is motor-able and accessible even at the peak of the raining season.

IS THERE ANY RESTRICTION AS TO THE TYPE OF BUILDING I CAN PUT UP?

Yes, you are limited to building residential houses within the area designated as residential and commercial houses on area designated as commercial. Provision of shops in residential houses and building of tenement house type (popularly known as face me I face you) is not allowed

IS THERE ANY TIME LIMIT TO COMMENCE WORK ON MY LAND AFTER ALLOCATION?

The time limit is 2 years by which you will be required to commence work immediately to control weeds. Otherwise you reserve the right to sell out rightly at the market prevailing price or PREIL buys it back from you.PREIL will be constrained to relocate defaulters.

IF I PAY OUT RIGHTLY, DO I GET ANY DISCOUNT?

Yes as much as 5%

IS ELECTRICITY GOING TO BE 24/7?

No, unless on a private arrangement because we are not providing electricity back up like estate generator except the estate association unanimously decides to organise for such

HOW WILL PAYMENTS BE MADE?

The payment will be made into the company’s account with Fidelity Bank, UBA, Zenith Bank, Diamond Bank, GTBank and FCMB etc.

IS THERE GOING TO BE A CENTRAL BOREHOLE?

Yes, at designated points.

WILL EACH HOUSE HAVE ACCESS TO WATER?

Connection to water mains shall be done by the subscriber.

IS THERE A PARTICULAR PRICE RANGE FOR DIFFERENT TYPES OF HOUSES?

Yes. depending on the conveniecences and finishing touches

WHO WILL BE RESPONSIBLE FOR BUILDING PLAN APPROVAL COST?

Individuals will be responsible for the cost of building plan approval though Pentagon can help with the guidelines and general consultancy.

WHAT TYPE OF TITLE/DOCUMENT WILL BE GIVEN TO SUBSCRIBERS?

– Purchase Receipts
– Deed of assignment
– Letter of full payment
– Survey plan
– Invoice
– Deed of Estate Covenants

WHAT IF I WANT TO OPT OUT OF THE SCHEME AFTER I HAD SUBSCRIBED?

Subscribers shall be free to opt out of the scheme and the total amount so far paid refunded them, after a 20% administration fee has been deducted. Payment shall effected when funds are available.