We are excited to announce the launch of the Buy-to-Rent (BTR) scheme which guarantees future rental income by Mixta to the property purchaser for a period of three years.
With this rental guarantee we are giving the buyer certainty of rental income for this period:
This scheme applies to the 2 bed bungalow in Beechwood Park only. The client is required to a make a minimum deposit of 25% of the property value in order to qualify for the scheme, the remaining payments will be made in Month 2 25%, Month 4 25% and Month 6 25%. Full funds must be paid within 6 months but not later than December 2019;
Clients making a minimum of 50% payment and above for their initial deposit, will be entitled to a further discount of 5% off the purchase price;
Annual rent is N650,000 (Six Hundred and Fifty thousand Naira only) per year and will be paid upfront three (3) years in advance. Only applicable to buyers making a minimum of 25% payment;
All units must be fully finished (please refer to the standard finishing specifications in the FAQ). There is also the option to offset the rental income to finish the unit. Costs would be communicated to all buyers before units are completed to the fully finished specification;
Rental income for three years would only be guaranteed if the purchaser does not default on the payment plan. All funds for the property should be received by December 2019.
It is necessary to take note that commission to agents will only be payable on the actual price of the property (excluding Legal fees and VAT) and not on any rental income guaranteed upon completion of payment. The BTR scheme is only valid for a 2 bedroom Bungalow at Beechwood Park and does not apply to any other Mixta product
Nigeria’s frontline real estate development firm, Mixta Africa has unveiled a new-gated community known as Beechwood Park, which guarantees three years of rental income to prospective investors.
The estate is strategically located to benefit from the ongoing upgrade and expansion of the Lekki – Epe expressway is accessible through the Beechwood Estate, and in close proximity to the exclusive Lakowe Lakes Golf and Country Estate in Lagos.
Upon completion of Phase 1, the estate would have 120 housing units and similar to the existing Beechwood Estate which has a solid infrastructure that has lasted for almost 15 years. The new estate consists of serviced plots as well as two and three-bedroom bungalows.
Already, development has started on site and progress is being made daily. Infrastructures are also visible and would be upgraded as the company continues on the development process.
Specifically, a unique feature of the estate is the innovative idea of buy and get three years’ rent. The idea provides a unique opportunity for the savvy investor to earn immediate returns on investment. The scheme guarantees up to three years of rental income on the two-bedroom bungalow units.