Welcome to CoRAL GARDENS

CORAL GARDENS is a beautifully conceived estate that gives you the freedom to build your dream home in a secure, well-landscaped environment of high grade infrastructural facilities.

The location is fantastic, the concept is beautiful, the layout is seamless, the facilities are quality and essential and the prices are attractive. Located just off the popular Monastery Road, Coral Gardens is a sprawling residential estate with 231 plots over a total area of 25 Hectares.

The Estate falls within the larger layout of the Lagos State Government. “QUEENS COURT MIXED DEVELOPMENT SCHEME”

More Details

  • SURROUNDING ESTATES & LANDMARKSOpen or Close

    The Monastery Road Corridor is tarred and is fast becoming a fully built-up environment. Estates along it are Diamond Estate, Fountain Springville Estate, Pearl Garden Estate. Also within the surrounding areas are upcoming estates such as: New Town Development Authority (NTDA) by Lagos State Government and Pearl Nuga Estate.

    Crown Estate
    A prominent residential estate on 41.7 hectares located along the Lekki-Epe Express Way, is just about 2 minutes from CORAL GARDENS. Although already off-the-market from the original developers, a plot in the open market sells for N26m and semi-detached duplex sells for N42m.

    Lekki Gardens Phase II
    The estate is a 50 hectare project located opposite Abraham Adesanya Estate, a short distance off the well-tarred and expanding Lekki-Epe expressway. It is a combination of terrace duplexes (sold for 14.5m during the last promo), luxury flats and stylish-designed semi-detached houses. It is expected to be fully completed by December 2014.

    Mayfair Gardens
    It is located in Awoyaya, directly off the Lekki Epe Expressway. It was built in 4 bedroom prototype bungalow with ample undeveloped land for individual to build to their taste. It is about 5 minutes drive from Coral Gardens.

    Lagos Business School
    The famous Lagos Business School is located in Olokonla, along the Lekki-Epe Express Way, just within 3 minutes drive from our property. LBS is ranked among the best business schools in the world and its significance positively impacts the perception of people to our estate.

    Golden Park Estate
    Golden Park Estate is a combination of terrace duplexes and semi-detached duplexes. Terraces sell at N32m per flat but the semi-detached houses and plots are no longer on sales. It is within 2 minute drive from Coral Garden.

    Fountain Springville
    This project was developed by HFP Engineering Ltd, developers of notable estates like VGC, Mayfair Gardens, Victoria Court Cemetery etc. It's situated within the neighborhoods of Coral Gardens along the Monastery road.

    Greensprings Schools
    Greensprings School is 7 minutes away from Coral Gardens. It is generally recognized as one of the best private primary and secondary school in the State and beyond. Its proximity to Coral Gardens offers great opportunity its residents to provide first-rate education to their wards.

    Diamond Estate
    Diamond Estate is one of the surrounding estates to Coral Gardens. It is located along Monastery road. It is just a minute drive to Coral Gardens. The property has the following; semi-detached duplex sells for N24m and detached goes for N30m. This project was developed by FEMAB properties limited.

    Pearl Nuga Park Estate
    This project is being developed by CMB Building Maintenance and Investment Company limited. The estate has different varieties of houses such as, terraces, bungalows and duplexes. The estate is just a stone throw from the Coral Gardens site.

    NTDA Sangotedo Mixed Development Scheme
    This is a project embarked on by the Lagos state government. The estate comprises of one, two, three and four bedroom flat(s). The project has a total number of 540 housing units. It is less than a minute drive to Coral Gardens.

  • FACILITIESOpen or Close

    INTERNAL ROADS: Interlocking paving stones

    DRAINAGES: Covered drainages, precast and insitu

    LAND SCAPING: Recreation areas, sidewalks, entrance, road median, fence lines and greenery

    ELECTRICITY: Underground cabling, street lighting, dedicated transformers, etc

    WATER SYSTEM: Central borehole system, water treatment plant, and estate water reticulation

    CENTRAL SEWAGE: Central swage system, connection of each plot

    PERIMETER FENCEWALL &ENTRANCE GATE: 3M boundary walls to enclose the estate, aesthetically design and modern entrance gate.

    HEALTH CENTRE: Health centre / mini clinic, first aid facilities

    INSTITUTIONAL FACILITIES: School

    RECREATIONAL AREAS: Designated recreation area, open spaces,relaxation/sit-out spots

    SPORTS CENTRE: Mini trackfield, 5-aside football pitch and basketball court/long tennis

    GYM & SWIMMING POOL: Gym and Swimming pool at the recreation centre.

    STATE / FACILITY BUILDING: Services Management, Facilities Maintenance, Security, etc

    ESTATE SECURITY: Security house, personnel, security monitoring/ operating system

    SHOPPING COMPLEX: A shopping arcade having lock up shops and open spaces for sale and leases, mini-marts, pharmacies, bars, minirestaurants, games etc.

  • PLOTSOpen or Close

    ELITE PLOTS - 500 SQMs
    Total No of Plots = 100 Plots
    Title Document = CofO
    Cost Price = N4,500,000
    Agency @ 5% = N225,000
    Legal @ 2% = N90,000
    Vat @ 5% = N225,000
    Total Payable = N5,040,000M
    Please note that corner piece plots attract additional N300,000

    CLASSIC PLOTS (648SQM)
    Total No of Plots = 106 Plots
    Title Document = Government Allocation
    Cost Price = N6,000,000
    Agency @ 5% = N300,000
    Legal @ 2% = N120,000
    Vat @ 5% = N300,000
    Total Payable = N6,720,000M
    Please note that corner piece plots attract additional N300,000

    PREMIUM PLOTS (1,000SQM)
    Total No of Plots = 42 Plots
    Title Document = Government Allocation
    Cost Price = N9,000,000
    Agency @ 5% = N450,000
    Legal @ 2% = N180,000
    Vat @ 5% = N450,000
    Total Payable = N10,080,000M
    Please note that corner piece plots attract additional N300,000

  • PAYMENT PLAN Open or Close

    PAYMENT PROCEDURE

    • Obtain Application Form for N5,000
    • Issue of "Indicative Offer Letter"
    • Make a commitment deposit of 30% plus associated charges (Agency fee – 5% & Legal Fee- 2%)
    • Issue of "Provisional Letter of Allocation" and "Payment Plan"
    • Agreement and execution of Pre-sales Contract
    • On the delivery month, VAT of 5% is charged in addition to the final installment payment.
    • Issue of Executed deed of assignment, Purchase agreement and Contract by Locke Homes Ltd.


    4.5 Million on 12 months REPAYMENT

    TIME LINE AND PAYMENT SCHEDULE FOR CORAL GARDENS
    ELITE PLOTS (500 Sqm) @ 4.5 MILLION
    S/N TIMELINE % OF TOTAL COST AMOUNT(N) CHARGES
    1 APPLICATION FORM 5000.00  
    2 Commitment + Initial Deposit 30% 1,350,000 AGENCY @ 5% + LEGAL @ 2% N 225,000 + N 90,000
      Total Deposit + Fees 30% 1,350,000 315,000
            1,665,000
    Further Installmental Plan
    3 2nd Month 6% 286,364  
    4 3rd Month 6% 286,364  
    5 4th Month 6% 286,364  
    6 5th Month 6% 286,364  
    7 6th Month 6% 286,364  
    8 7th Month 6% 286,364  
    9 8th Month 6% 286,364  
    10 9th Month 6% 286,364  
    11 10th Month 6% 286,364  
    12 11th Month 6% 286,364  
    13 On delivery at 12th Month   286,364 VAT @ 5% =N=225,000
    TOTAL PRICE + fees 100% 4,500,000 Receives Executed Deed of Assignment and Purchase Agreement - =N=511,364
            5,040,000

     

    6 million on 12 months REPAYMENT

    TIME LINE AND PAYMENT SCHEDULE FOR CORAL GARDENS
    CLASSIC PLOTS (648 Sqm) @ 6 MILLION
    S/N TIMELINE % OF TOTAL COST AMOUNT(N) CHARGES
    1 APPLICATION FORM 5,000.00  
    2 Initial Deposit 30% 1,800,000 AGENCY @ 5% + LEGAL @ 2% = N 300,000 + N 120,000
      Total Deposit + Fees 30% 1,800,000 420,000
            2,220,000
    Further Installmental Plan
    3 2nd Month 6% 381,818  
    4 3rd Month 6% 381,818  
    5 4th Month 6% 381,818  
    6 5th Month 6% 381,818  
    7 6th Month 6% 381,818  
    8 7th Month 6% 381,818  
    9 8th Month 6% 381,818  
    10 9th Month 6% 381,818  
    11 10th Month 6% 381,818  
    12 11th Month 6% 381,818  
    13 On delivery at 12th Month 6% 381,818 VAT @ 5% =N=300,000
    TOTAL PRICE + fees 100% 6,000,000 Receives Executed Deed of Assignment and Purchase Agreement - =N=681,818
            6,720,000

    9 million on 12 months REPAYMENT

    TIME LINE AND PAYMENT SCHEDULE FOR CORAL GARDENS
    PREMIUM PLOTS (1000 Sqm) @ 9 MILLION
    S/N TIMELINE % OF TOTAL COST AMOUNT(N) CHARGES
    1 APPLICATION FORM 5,000.00  
    2 Initial Deposit 30% 2,700,000 AGENCY @ 5% + LEGAL @ 2% N 450,000 + N180,000
      Total Deposit + Fees 30% 2,700,000 630,000
            3,330,000
    Further Installmental Plan
    3 2nd Month 6% 572727.27  
    4 3rd Month 6% 572727.27  
    5 4th Month 6% 572727.27  
    6 5th Month 6% 572727.27  
    7 6th Month 6% 572727.27  
    8 7th Month 6% 572727.27  
    9 8th Month 6% 572727.27  
    10 9th Month 6% 572727.27  
    11 10th Month 6% 572727.27  
    12 11th Month 6% 572727.27  
    13 On delivery at 12th Month 6% 572727.27 VAT @ 5% =N=450,000
    TOTAL PRICE + fees 100% 9,000,000 Receives Executed Deed of Assignment and Purchase Agreement - =N=1,022,727.27
            10,080,000

     

    STANBIC IBTC BANK PLC

    Mary Oby Owelle
    I.B.T.C Place,
    Walter Carrington Crescent, Victoria Island, Lagos.
    08029091227

    FIRST BANK PLC

    Martin A. Akinmirisi
    8, Adetokunbo Ademola Street, Victoria Island,
    Lagos.
    08037198604