Overview

The Hibiscus, Lekki is a beachside development that offers a vibrant lifestyle with excellently designed luxury homes and a gleaming swimming pool.

The estate features beautiful 4 bedrooms terraced duplexes with home automation systems.

SOLD OUT

  • Status Sold Out
  • Location Lekki, Lagos, Nigeria
  • Type Residential
  • Price Range₦55.2M
  • 4 Bedroom Terrace Duplex1 unit

Why The Hibiscus?

  • Fully-fitted smart homes with automation systems.
  • High demand and strong occupancy due to its prime location.
  • Premium quality finishing of all units and amenities.
  • Capital appreciation over the long-term.

Features

4 Bedroom Terrace Duplex

Living Room Area & Dining area
Lounge 
4 All En-suite Bedrooms
Fitted Kitchen: Includes Gas Cooker, Microwave, Oven, Heat Extractor 
1 Guest toilet 
Water Heater
Home Automation System
Air Conditioning in all rooms
Swimming Pool

Payment Plans

4 Bedroom Terrace Duplex

Outright
Price: ₦65,000,000
Installment
Price: ₦72,000,000
Initial Deposit: ₦18,360,000
Duration: 12 months
Monthly Payment: ₦4,470,000

Gallery

Enquiry

Wish to get a call back from our team? Fill in your details.

You can call us directly on +234 802 547 6152
or send an email to info@dradrockng.com

Frequently Asked Questions

WHERE IS THE HIBISCUS?

THE HIBISCUS is located at Ologolo, Lekki 5TH Round-about off Lekki/Epe Expressway, Ibeju-Lekki Local Council Development Authority. 2

WHO ARE THE DEVELOPERS OF HIBISCUS?

DRADROCK REAL ESTATE LIMITED.

WHAT ARE THE TYPOLOGIES IN THE HIBISCUS?

1 Bedroom Apartment, 2 Bedroom Apartments, 4 Bedroom Duplex

WHAT ARE THE PRICES FOR THE VARIOUS APARTMENTS?

1 Bedroom Apartment, 2 Bedroom Apartments, 4 Bedroom Duplex

WHAT ARE THE COMMERCIAL, LIESURE AND EDUCATIONAL CENTERS THAT SURROUND HIBISCUS ESTATE?
  • Circle Mall
  • Lekki Beach
  • British International School
  • Reddington Hospital
WHAT ARE THE INFRASTRUCTURES WITHIN THE ESTATE?

Swimming pool, Interlocked Roads and Walkways, Smart Home, Efficient Drainage System, Perimeter Fencing and Gatehouse, Well –Manicured Lawn, Street Lights. – (subject to change)

ARE THERE ANY AUXILIARY CHARGES OR FEES?

5 percent Legal Fees only.

WHAT DOES THE LEGAL FEE COVER?

Processing of all documents including registered survey and Governors consent

WHAT TITLE DOES THE HIBISCUS HAVE?

Registered Survey, Governor’s Consent and Deed of Assignment

WHEN WILL CONSTRUCTION COMMENCE?

DECEMBER 2020

WHEN WILL I GET THE KEYS TO MY APARTMENT?
  • For apartments Outright subscribers keys will be handed over 12 months after construction commencement date.
  • Installment subscribers get keys 3 months after completion of payment
WHAT DOCUMENTS DO I GET UPON SUBSCRIPTION?

STARTER PACK: inclusive of Contract of Sales, Acknowledgement of Subscription Letter, Receipt and Invoice.

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

You will get a refund less 10% agency and administrative charge.

CAN I PAY A DEPOSIT AND PAY THE BALANCE ANYTIME WITHIN THE DURATION OF TENURE?

Every subscriber is expected to pay at least once within 3 consecutive month’s basis even after the initial deposit except for other agreed payment plan; non-payment will lead to outright revocation.

WILL THE ESTATE BE RUN BY DRADROCK REAL ESTATE LTD OR THE INDIVIDUAL?

The Apartments will be Managed by an appointed facility Manager by Dradrock, while the Terraces will be managed by individual investors.

WHAT IS THE DELIVERY TIMELINE FOR THE HIBISCUS?

12 months

DOES DRADROCK REAL ESTATE LTD OFFER MORTGAGE SERVICES?

Dradrock Real estate Ltd does not offer mortgage services, but we can recommend reliable mortgage service providers

WHAT ARE THE ESTATE SERVICE CHARGES?

To be determined by Estate Manager.

WILL TYPOLOGIES BE SEGMENTED?

YES, the Apartments will be separated from the Terraces