ESTATE AGENCY The firm is actively involved in the lease, letting and sales of various categories/types of Real Estate all over the Federal Republic of Nigeria, with a varied property portfolio.
PROPERTY DEVELOPMENT Our firm of Estate Surveyors play an important role in the property development sector of the Construction industry.
The Company has secured vast land area and is in the process of securing development finance for the development of a residential estate on an area of approximately 30 plots of land along the East - West Road at Rumuigbo.
PROPERTY VALUATION The company is highly reputable in the preparation of Valuations for various Fixed assets, Landed properties, Factories, factories, plat & Machinery, Marine equipment and vessels of all types.
These Reports are required by various clients for different purposes.
Our range of professional services includes the following:
1. PROPERTY TAXATION AND RATING VALUATION CONSULTANCY
This involves the determination of appropriate values of properties for the Purpose of levying property taxes, tenement rates and other outgoings; Negotiations and effective settlement of all matters arising thereof, from all such Statutory bodies empowered to collect such taxes and rates. Our firm was engaged as consultants to the Port Harcourt City Local Government, Andoni Local Government, Khana and Eleme Local Government Councils on levying and collection of tenement rates and property taxes.
2. SURVEY AND CAPITAL VALUATION OF ASSETS
This is the inspection of various company assets for the purpose of determining their open market capital values for various purposes like Mortgage Transactions, Book of Accounts, Annual Returns and other administrative purposes like insurance etc. Valuation of Company Assets over land, building, motor vehicles, furniture and fittings, fixtures, plant, equipment and machinery. Our experience in this aspect of professional practice cover marine vessels like tug boats, barges, industrial plants like breweries, soap manufacturing plants, wheel barrow assembly plant and hotel complexes.
Some of the Valuation jobs we have been involved in during the course of our professional practice are as follows:
1. Inspection, survey, analysis and enumeration of structures, economic trees, crops, farm lands and other structures for compensation due to chemical and crude oil pollution at Ogbogu, Ahoada Local Government Area – 1991, EIF Petroleum Nig. Limited.
2. Survey and enumeration of land and structures for acquisition by ELF petroleum (Nig) Ltd for the extension Project Demonstration Farm - Oboburu, Ahoada Local Government Area - 1992
3. Survey and capital valuation of the Assets of Ben-Dave industries Limited, Land buildings, Equipment, Motor vehicles, Heavy duty machines, Cranes etc. 1992.
4. Survey and capital valuation of the Assets of Max Wonik industries for sale – Wheelbarrow manufacturers - 1992.
5. Enumeration, survey and assessment of structures to be affected for acquisition of land for the construction of Baen kpaen–Ngo– Andoni–Bonny Road project – Federal Ministry of Works and Housing, 1992.
6. Survey and capital valuation of the assets of Artoliti Systems and Services Limited, Ogoja, Cross Rivers State – Toilet soap manufacturing company – Land, Buildings, furniture, fittings, plant machinery, motor vehicles and support equipment – 1993.
7. Survey and capital valuation of the assets of Vegetable Oil producing company, Trans-Amadi, Port Harcourt – 1994.
8. Survey and capital valuation of the assets of ABC Nursery and Primary School – Land, Buildings, Furniture, Fittings, Plants Staff Quarters etc.- 1996.
9. Enumeration of structures, economic trees, crops, farmlands for compensation arising from the right of way acquisition by the Nigerian LNG Limited for its Gas Transmission System, Emuohua, Abua-Odual, Ahoada, Degema Local Government Areas – 1996.
10. Inspection, survey and capital valuation of part of the assets of Old Rivers State Government for assessment sharing purposes, December 1996 to February 1997 – Pabod breweries ltd, (breweries of Grand Beer) Risonpalm Ltd, (Palm Oil Manufacturing Complex), International Airport Hotel Omagua, Hotel Presidential (5 Star Hotels owned by the Rivers State Government).
11. Inspection, Survey and Capital Valuation of various landed properties for mortgage purpose for Individuals and companies.
12. We were part of the consortium that carried out the survey and capital valuation of NAFCON Plant and Machinery in 1998.
13. Valuation of assets (Lands and Building, Plants and Machineries) of Warraten Engineering Company Ltd, Warri, Delta State 2002.
14. Inspection, Survey and Valuation of the Assets of Trade Bank Plc (In liquidation) for Nigerian Deposit Insurance Corporation (NDIC), 2006
15. Valuation of assets (Lands and building, Plant and Machineries, Furniture and fittings) of the Rivers State House of Assembly, 2008
3. LAND ACQUISITION AND COMPENSATION ASSESSMENTS
This is the enumeration of structures and properties to be affected by compulsory acquisition of land and assessment of adequate compensation payable thereon based on the Land Use Act. Our firm with its participation in the recent right – of – way acquisition by the Nigerian LNG Limited for its Gas Transmission System is technically equipped to handle like schemes for clients who may have to deal with communities and land owners in areas of operations. Our company is versed in this very intricate and delicate aspect of our professional practice having been involved in the various projects listed below:
1. RIGHT OF WAY ACQUISITION FOR THE NIGERIAN LNG LTD FOR ITS GAS TRANSMISSION SYSTEM PROJECTS AT AHOADA, EMOHUA, OKRIKA, DEGEMA AND BONNY LOCAL GOVT AREAS 1996-1997.
2. RIGHT OF WAY ACQUISITION BY THE NIGERIAN AGIP OIL CO. LTD 2003 AND 2005.
3. ENUMERATION, SURVEY AND VALUATION OF PROPERTIES TO BE AFFECTED BY THE ROAD DUALISATION PROJECT ON RUMUOLA – RUMUOKWUTA, OLD ABA (FIRST BANK – RUMUOMASI – ARTILLARY), SLAUGHTER – RUMUOBIAKANI ROAD.
We are currently working as Consultants to the Port Harcourt City Local Government in the assessment of properties for Tenement rating in the Port Harcourt Township (Zone 10) and Elekahia/Nkpogu Village (Zone 1).
Other Compensation Valuation assignments we have been involved in during the course of our professional practice include the following:
1. Inspection, survey, analysis and enumeration of structures, economic trees, crops, farm lands, and other structures for compensation due to chemical and crude oil pollution at Ogbogu, Ahoada Local Government Area – 1991, Elf Petroleum Nig. Limited.
2. Survey and enumeration of land and structures for acquisition by Elf Petroleum (Nig.) Ltd., for the establishment of Agricultural Extension Project Demonstration Farm – Oboburu, Ahoada Local Government Area – 1992
3. Enumeration, Survey and Assessment of structures to be affected for acquisition of land for the construction of Ben Kpaen – Ngo – Andoni – Bonny Road Project – Federal Ministry of Works and Housing,1992
4. Enumeration of Structures, economic trees, crops, farm lands for compensation arising from the Right-Of-Way acquisition by the Nigeria LNG Limited for its Gas Transmission System – Emohua, Abua-Odual, Ahoada – Degema Local Government Areas – 1996
4. PROPERTY MANAGEMENT
This is the effective supervision and control of property investment to ensure continued profitability to the investors and enhanced use value to the users. In managing properties in our portfolio, we ensure that rents are promptly paid and enforce strict adherence to terms and conditions of leasing and regularly inspect the properties to check defects and recommend same for prompt repairs. These will constantly keep the properties in good and lettable conditions to continuously yield optimum income.
Under our management portfolio are the following underlisted properties:
1. Ezediaro Towers
A four storey newly built office Complex located strategically along Port Harcourt/Aba Expressway, at Rumukwurushi junction.
2. Maris Plaza
Ultra-modern shopping complex on three floors. Located along Ada- George Road, Rumueme.
3. Former Pan African Bank Ltd Building
A multi-storey office complex with lifts at No 3 Azikiwe Road, Port- Harcourt
4. RIVERS STATE LIAISON OFFICE COMPLEX ABUJA RALPH SHODEINDE STREET, CENTRAL AREA ABUJA
Ultra modern commercial property on six floors with 2 Nos passenger lifts, 2Nos 500 kva generators and dedicated transformers
5. Ultra modern office complex along Eleme Rd, East-West Rd.
6. Warehouse (1,000sqm) at 15 Emekuku Street, D/Line,Port Harcourt.
7. Warehouse (750sqm) at No. 12 Emekuku Street, D/Line
8. Open-plan Office Complex with ample parking space at No. 40 Okporo Road, Rumuodara, Port Harcourt.
9. Tastefully finished 5 Bedroom duplex, all rooms ensuit with ample parking space at a prime location along Woji Road, GRA, Port Harcourt.
10. 6 nos. 5 Bedroom Duplex at No. 478 Ikwerre Road, Ohiamini, Port Harcourt
11. Multi-storeyed Shopping Mall with ample parking space along Peter Odili Road, Port Harcourt.
12. Detached bungalow by Rockword Church, Elelenwo, PH.
13. Block of 6 nos. 3 bedroom flats, along Freedom Street, Off Aker Base Road, Rumuolumeni.
14. Block of 3 Nos. 3 Bedrooms and 2 Nos 1 Bedroom, Rumuokoro, Port Harcourt.
15. Multi-storeyed Block of Flats at Peamac Estate, Rumuodara, Port Harcourt.
16. Block of 16 nos. 3 bedroom flats all ensuit with ample parking space at Abuloma, Port Harcourt.
17. 5 bedrooms detached duplex with pool, behind Mopol 19 Barracks, off Ezingbu Link Road, GRA, Port Harcourt.
18. 6 nos. 3 bedroom flats at Aker Base Road, off Iwofe Road, Port Harcourt.
19. A Warehouse with large storage capacity and ample parking space in D/Line, Port Harcourt.
20. Warehouse + Office Space of 408.6m2 with ample parking space and adequate security at Emekuku, D/Line, Port Harcourt.
21. Office space on 3 floors with ample parking space at Wogu Street, D/Line, Port Harcourt.
