- The Wealthy Islet
A Redefined Resort Living
- Abijo Lagos (Behind Eko Akete)
- C of O
- About
A Redefined Residential Resort Living
Away from the bustling crowds and fast-paced city, with a private and gated entrance, you’ll find a simpler lifestyle while residing in a premium resort community that provides unparalleled comfort.
10
Hectares
Set on 10 hectares of beachfront property, The Wealthy Islet is a transformational project by MKH Investment.
Starting at 6 milliona naira
Get the offer
500
Initial Deposit: 3 million naira
1000
Initial Deposit: 6 million naira
A Beachfront Property You've Always Wanted
- Property features
Resort Living
Green Area
Recreational Centers
Electricity
Water
Drainage
Coscharis Motors
Green Springs School
Novare Mall
Corona School
Lakowe Lakes & Golf Resorts
Everything You Need Around You
- Landmarks
Frequently Asked Questions
Everything you need to know about The Wealthy Islet
What is the name of the estate?
THE WEALTHY ISLET (An Island)
Where is THE WEALTHY ISLET located?
THE WEALTHY ISLET is located Behind Eko Akete, Abijo Lagos state.
Who is the developer of THE WEALTHY ISLET?
The Wealthy Islet is developed by MKH INVESTMENT LIMITED, a property development and real estate investment management company driven by the goal of reducing the housing deficit in Nigeria. MKH Investment has developed properties in Ibadan and Lagos State including The Wealthy Place, The Garnet Estate and Primehood Estate,Ibadan.
What title does THE WEALTHY ISLET have?
The Wealthy Islet has a title of Certificate of Occupancy. The Certificate of Occupancy is the most widely accepted land title in Nigeria used to confirm ownership of a property.
What are the infrastructures to be put in place?
Estate Office, Good Drainage, Green Area, 24/7 Security, Adequate Parking Space.
Is the Road to the Estate Motorable?
Yes, it is motorable. The Wealthy Islet is located in an easily accessible region and is surrounded by landmarks such as Coscharis Motors, Lakowe Lakes and Resorts, Novare Mall, Corona Schools, and Green Springs School.
What is the size of plots within the Estate?
500 sqm (Full Residential Plot) and 1000 Sqm (Commercial plot facing the beach)
What documents would I get after my first initial deposit?
You would get your Receipt of Payment, Invoice and Contract of sales after your first initial deposit.
What documents will I get after full payment?
Once payment is completed, you will be issued your final receipt, alongside the Survey, Letter of allocation, and Deed of Assignment.
When will I get all my necessary documents?
All necessary documents would be provided upon allocation of the subscribed plot/plots.
Is there a payment plan on The Wealthy Islet?
Yes. There are various payment plans created for your financial comfort for you to choose from.
When will my property be allocated to me?
Plots will be allotted upon 100% completion of payment for the land and statutory charges. (Survey, Deed and Developmental fees)
Is there any extra cost required to have a corner Piece Plot?
Yes, A Corner piece plot attracts a 25% Surcharge.
When can I start Construction or Building on the allotted Plot?
Construction is advised to commence a month after the physical Allocation of plots and payment of the Developmental Fee.
Can I resell my Plots?
- YES, a subscriber who has paid all fees can resell, however, approval must be sought and granted by MKH INVESTMENT LIMITED for proper documentation and transfer of ownership.
- A notice of transfer of interest by the purchaser shall be sent to the vendor for the vendor’s consent.
- The Purchaser and Vendor must complete the unit transfer form after which title documents and agreement will be issued to the new owner.
In the case of a transfer, the Purchaser shall bear the cost of procuring new survey plans and title deeds and any other document required for the transfer of interest. Such cost shall be determined by the Vendor. Transfer of title fee shall also be determined by the vendor.
What happens if I cannot continue with the payment, would I get a refund?
A refund can be made; however, it will be made less 40% administrative charges from the price of the Land. A 3 months period will be allowed for the Vendor to process the payment.
N.B (Refund will be made only after the said plot/Plots has been sold)
What is the penalty against default in payment?
- In the event of a default in the payment plan within two months, the company (MKH INVESTMENT LIMITED) is at liberty to renegotiate the terms of the contract, and also has the power to revoke the unit where deemed appropriate.
- In the event of revocation or termination, the Vendor shall not be liable to make any refund to the existing purchaser until the Vendor has received funds corresponding in value to the amount to be refunded from a third-party purchaser of the unit. For avoidance of doubts, the Vendor shall not be obliged to procure a third party to acquire the purchaser’s interest in the unit.
- Defaulting in instalment payment before 50% payment is made will result in a 5% interest fee on the outstanding amount.
- 2 consecutive defaults in payment will lead to a termination of your subscription.
- A unit is only guaranteed after 70% payment of the total amount is made by the subscriber.
Would there be Service Charge in this Estate?
YES, (this would be determined by MKH INVESTMENT LIMITED) later.
Can payment be made to any of your agents?
ALL payments must be made to the company’s designated accounts, as payments made elsewhere would NOT be honored as payment for THE WEALTHY ISLET.
BANK: KEYSTONE BANK
ACCOUNT NAME: MKH INVESTMENTS LIMITED
ACCOUNT NO: 1012569381 (NGN)
1012569398 (USD)
Enjoy The Beach Side of Life.
Buy The Wealthy Islet.
Invest with MKH.
Enjoy The Beach Side of Life.
Buy The Wealthy Islet.
Invest with MKH.
Interested? Talk to Sales Today
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