1. Project Overview

Palm City Estate is a 16-unit residential housing development strategically located near the University of Uyo, the Ibom Icon Golf Course, and other key institutions. The estate is designed to serve both residential and short-term rental markets, offering investors a stable and attractive return.

The development is divided into two sections:

• Finished Section

  • 2 × 3-bedroom units (100% completed)

  • 1 × 3-bedroom unit (90% completed)

  • 2 × 2-bedroom units (90% completed)

• Ongoing Section

  • 2 × 2-bedroom duplexes (shell, requires finishing)

  • 2 × 2-bedroom apartments (shell, requires finishing)

  • 2 × 1-bedroom apartments (shell, requires finishing)

  • 1 empty stand (for a 3-bedroom duplex)

Probable Scenario:
Upon completion, the estate will feature 16 stylishly finished and furnished units, each with demarcated spaces and shared communal areas. These units will operate as serviced apartments, generating income from rental and sales. Profits will be shared pro-rata among investors after costs and taxes.

Worst Case Scenario:
If short-term rentals underperform, units may be rented long-term or sold, allowing investors to benefit from capital appreciation.

2. Investment Rationale / ROI Basis

• Existing rental income with year-on-year growth potential

• Additional guest and rental income from newly completed units

• Upside participation in property value appreciation upon sale.

3. Investor Registration

• Investors must register as members of GrowMyHome Investor Group.

• Minimum initial investment: R1,000 (USD 60) (or equivalent).

• Investors receive a unique investor code after activation for future deposits.

4. Investment Structure & Terms

Payments & Financials

• Payments accepted via Electronic Funds Transfer (EFT) or WISE.

Structure & Security

• Investors are pooled into a ring-fenced company.

• Each investor holds pro-rata membership interest, ensuring:

  • Direct participation in property ownership

  • Entitlement to income distributions

  • Clear rights as outlined in the Shareholder Agreement

Payouts

• Investors earn annual rental income (net of costs).

• Withdrawals can be annual or deferred to end of term.

• Upon project completion, capital growth is calculated and allocated.

• Target ROI: 12% p.a. with profit share on outperformance.

✅ Key Highlights

• 16-unit estate in prime Uyo location

• Flexible short- or long-term income model

• Investor-friendly structure with transparent payouts

• Strategic upside from property value growth