Mowe’s Mainland Regal Park

Stretched over a sprawling territory of about 117 hectares of land opposite the Redemption Camp in Mowe is the Mainland Regal Park which is being promoted and developed by Messrs Pentagon Real Estate Investment Limited. It is a mixture of serviced plots and building development. However, development has taken place on only 48 hectares. Various types are placed on offer including the prominent three-bedroom bungalow, which is called “Apple”.

Others are the two-bedroom semi-detached bungalow (“Berry”) and the four-bedroom bungalow (“Pear”). The four-bedroom detached house is known as “Cedar” while the four-bedroom semi-detached house is “Olive”. Work has reached advanced level as some units have been completed already. Meanwhile, the work on infrastructure is also going on steadily at the same time.

Do it yourself

Each house type also has variants of fully finished or partly finished options. The partly finished option is basically a super-structure adorned with a roof but without finishes. Berry, the fully finished model, is N9.2million while the partly finished model is N6.1million. The fully finished variant for Apple is N16.5million while the partly finished model is N11.5million. For Pear, the fully finished model is N19million while the partly finished model is N13million. Walnut, a four-bedroom terrace apartment has a price tag of N22.5million for the fully completed model and N13million for the partly complemented model. Olive has a N23.5million price tag for the fully completed model and N13.5million for the partly finished model. The fully completed variant of Cedar has a price tag of N29.5million while the partly finished model attracts a tag of N18million.

Payment options

With a deposit of 12.5percent down payment, a subscriber is given the keys to their elected option while the balance payment is spread out over three years at 10percent interest rate. Also available as a payment option is the Pentagon 18-month interest-free payment plan. It takes an average of 12 months (construction period) before the delivery of a preferred unit.

There are also opportunities to buy land and develop on it oneself. There are two options for this window. The first option where infrastructure would not be provided has a price tag of N2.5million per plot while the other where infrastructure would be provided is sold for N5million per plot. Facilities made available are good roads, potable water supply and constant electricity; solar-powered.

Residents are assured of good security through a central system. A sewage system has been provided to deal with hygienic evacuation and treatment of sewage effluents. Cooking gas is piped directly into the gas cylinders in the kitchens. Facilities are also available for recreation to enable residents to unwind. The entire estate is to be extensively landscaped.