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ASO Property

Primesoil

Features

Ideal for:

  • Crop Farms
  • Poultry
  • Hatcheries
  • Fish Ponds
  • Orchards
  • Plantations
  • Agro-Product
  • Processing Plants
  • Warehousing/Silos
  • Cattle Ranching

The Agricultural and Rural Development Secretariat (ARDS) of the FCT has identified and selected 15,000 hectares of arable land for development under an Agricultural Land Resources Development Program in collaboration with Primesoil Ltd as the Developer and ASO Savings and Loans Plc as financier.

The entire farm land is located at Kwali Area Council, FCT Abuja earmarked by the FCDA for commercial farming activities. The farmland, 67 km from city center is approximately 55 minutes leisure drive from the city centre.

Kwali Area Council falls within the Iku/Gurara plain and bobo plains which makes farm land irrigation easier and suitable for agricultural activities and food production. With this unique and affordable investment opportunity, you can acquire a title able 1 hectare (10,000 SQM) of arable farmland in Abuja for only N 1,575,000.

Available Units

Small Farm Holdings
1 - 4 Hectares
5 - 9 Hectares

Medium Farm Holdings
10 - 24 Hectares
25 - 49 Hectares

Large Farm Holdings
50+ Hectares

Prices

Basic Selling Price:

N1,575,000 Per Hectare
Payment Plan:

Option 1 - Outright Cash Payment
Option 2 - Staggered Payment can be made as follows:

  • On acceptance of offer: N 787,500 (50% contribution)
  • Monthly payment over 12 months N 65,625 monthly (post-dated cheques to be made available)
Payment Details:

Bank Name: Zenith
Account Name: Primesoil
Account No: 1014792451

Special Considerations:

  1. Initial minimum 50% payment of offer price shall be payable within one (1) week of receipt of offer letter.
  2. Upon payment of 50% of the property price, a provisional allocation letter shall be issued to you which will detail your payment instalments and specific due dates.
  3. Refunds to an Allotee shall be effected only when an alternative purchaser for the same land has been secured by the Allotee and in the following manner:
    1. Receipt of proceeds from the intended buyer (Total amount of Land)
    2. Deduction of 10% of the sum deposited by the Allotee upon receipt of proceeds by the alternate buyer of the sale stated in condition (i) above.
  4. Upon your default of the payment of the second instalment stated above, you shall be given 14 Days within which to make the outstanding payment failure which the Vendor shall proceed to sell the property in line with the conditions stated in Clause (3) above.

 

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