Frequently Asked Questions – whitebronzeinvestment

FAQ

Where is City of Miami situated?

The City of Miami Estate is situated behind Augustine University in Epe LGA of Lagos State

Who is the owner and promoter of the Estate?

WhiteBronze Investment Ltd

What type of Title does City of Miami have on the land?

Registered Survey Plan and Deed of Assignment

Is the road to the Estate motoroble?

Yes the road to the Estate is motorable

Is there any Flexible Payment plan or any other payment structure?

Yes, outright payment is #2,500,000 (Two Million Five Hundred Thousand Naira) and Payment plan of initial deposit of #500,000 (Five Hundred Thousand Naira) spread the balance on a monthly basis for 12 months. Non completion of payment as at when due (chosen plan) will be treated as fundamental breech of contract and will attract #10,000 per plot monthly afterwards.

Apart from payment of the land, do I make any other payment(s)?

Registered survey plan : #400,000 per plot (Commercial will attract extra 10% of the cost of the plot (subject to review)
Development fee : #500,000 per plot (Subject to review)
Deed of Assignment : #100,000 per plot (Subject to review)
Contract of Sale : Free of Charge

What types of infrastructure will the developer provide?

Perimeter fencing, Gate, Road and Street Light.

At what stage will I have to make these above stated additional payments and how much each?

Payments should be made immediately or before physical allocation.

What do I get after completion of payment(s) for the land?

Receipt of payment, Letter of allocation and contract of sales (after full plots
payment) While deed of assignment is issued upon payment after physical allocation

Will there be extra charges for commercial plots and corner piece plots?

Yes. Corner piece plot (s) attracts additional 10% and Commercial plot (s) attracts 20% of the cost of the land.

When will my plot(s) be allocated to me?

After 100% of the land within the stipulated allocation time

What will the development levy be used for?

It will be used for Road construction, power distribution, street light, drainage and other estate facilities

Can I start building on the land now?

You can building on the land from the specified year within development plan of the estate ,especially after allocation and fencing, after building approval has been granted by regulatory authority

Is there extra levy for building plan approval?

Not yet determined.

Can I re-sell or transfer my plot(s)/ property?

Yes. Please note that WIL shall not buy property from you nor are we under obligation to get you a buyer. Whether you have purchased the land or not but we can assist you in fast-tract the sale/transfer with 10% (admin fee) from the current selling price of the land.

Can I pay cash to my agent?

While we are not discrediting anybody, we strongly advise that any forms of
payments should be made to the company’s account details only. Otherwise, cheque should be issued in favour of WHITEBRONZE INVESTMENT LTD. We shall not responsible for any liability that may arise from deviation from the above instruction.

What is the size of the plot?

[600sqm] [300sqm]

Is there any restriction regarding the type of building I can construct in the estate?

Yes. The estate layout is in sections and you are limited to build houses on each section based on designated use or plan for that section (Commercial or Residential) i.e Bungalow, Blocks of flat and duplexes. Note : Face-me-face you and high rise building will not be allowed in the estate

What happens if I can no longer continue with the payment or have completed payment but wouldn’t want to continue with the project? What happens if I can no longer continue with the payment or have completed payment but wouldn’t want to continue with the project? Can I get a refund?

Yes. but a 90 day notice shall be given to the company and thereafter ,it shall be given consideration with 30% administrative charges. The refund shall be disbursed in accordance with the payment plan you subscribed to.