Fracown

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Fracown Shares Trading Board

Properties Featured 136

Properties With Available Shares 79

Property Unique Code: 0085674

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Trading Data

Details

Property type

Apt Bldg

Purchase value

28 mil

Current market value

32 mil

×

Shares selected (No.)

8

Shares cost sum

12,000,000

BUY SELL

Value Appr'n (2yrs)

40%

Fractional Shares No.

34

Available shares No.

17

Share Purchase Limit

10

Share unit Price

1,500,000

Location

Tap to view tenancy status

Address

123/ABC Dover Lane, Sydney 230

Description

This property is located in the highbrow area of Surulere, on the mainland of Lagos State. There are shopping centers like Shoprite, Spar and other small shops within its axis. The area has at least 21 hours of power supply daily.

Dimensions

30ft x 70ft

Parking

4 cars per apartment

Features

Amenities

Parking
Pool
Excersise
Facility
Smoke free
Furnished

Utilities

Electricity
Gas
Water
Sewerage

Appliances

Non

Pets

Yes

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Sign Contract

Co-ownership Contract

This co-ownership contract is hereby agreed to by the following parties:

Property Controller	Share Purchaser
Name	Name

Street	Street

City, State	City, State

This agreement is effective the 13th day of August 2021.

Article 1 - Purpose of Organization

The entities above elect to go into an agreement whereby one entity shall purchase a share(s) in a property controlled by the other entity to become co-owner with other numerous anonymous entities, and co-owning a common property situate at 28 John Agoro Street, Surulere, Lagos, and the controlling entity shall operate the property for the co-owners' guaranteed earnings and/or sale as the co-owners may decide upon. The property operation must be in strict accordance with Real Estate Industry standard and Fracown promised high standard.

Article 2 - Term of the Agreement

The co-ownership commenced on 13 August 2021, and shall continue for a lifetime until by a co-owners’ request and based on Fracown’s sale flexibility, the ownership is sold to another as per the terms of this agreement. Co-owners shall have ownership rights, which Fracown shall have controlling rights over the property.

Article 3 - Use of Funds, Capital Accounts, Owners' Equity

Each co-owner shall purchase a minimum of one unit and a maximum of 8 units at the cost of 1,500,000 per unit to co-own the property alongside numerous, anonymous other individuals. This will constitute the equity of each co-owner which will be managed as per ARTICLE 9 of this agreement.

The value of any other funds of the co-ownership, remarking fee and the like not directly related to the operation and ownership of this specific property shall NOT be considered part of a co-owner's equity and shall be accounted for in a separate set of books and accounts.

Sign Contract

Sales & Purchase Contract

This co-ownership contract is hereby agreed to by the following parties:

Share Seller	Share Purchaser
Name	Name

Street	Street

City, State	City, State

This agreement is effective the 13th day of August 2021.

Article 1 - Purpose of Organization

The entities above elect to go into an agreement whereby one entity shall purchase a share(s) in a property controlled by the other entity to become co-owner with other numerous anonymous entities, and co-owning a common property situate at 28 John Agoro Street, Surulere, Lagos, and the controlling entity shall operate the property for the co-owners' guaranteed earnings and/or sale as the co-owners may decide upon. The property operation must be in strict accordance with Real Estate Industry standard and Fracown promised high standard.

Article 2 - Term of the Agreement

The co-ownership commenced on 13 August 2021, and shall continue for a lifetime until by a co-owners’ request and based on Fracown’s sale flexibility, the ownership is sold to another as per the terms of this agreement. Co-owners shall have ownership rights, which Fracown shall have controlling rights over the property.

Article 3 - Use of Funds, Capital Accounts, Owners' Equity

Each co-owner shall purchase a minimum of one unit and a maximum of 8 units at the cost of 1,500,000 per unit to co-own the property alongside numerous, anonymous other individuals. This will constitute the equity of each co-owner which will be managed as per ARTICLE 9 of this agreement.

The value of any other funds of the co-ownership, remarking fee and the like not directly related to the operation and ownership of this specific property shall NOT be considered part of a co-owner's equity and shall be accounted for in a separate set of books and accounts.