Xserial Estates
PremiumPropertyreservedRef: XS-RES-004
Bastos Garden Residence — image 1
Yaoundé/Residential

Bastos Garden Residence

Rue 1.803, Bastos, Yaoundé

Asking Consideration

XAF 720,000,000

one-off consideration

Overview

Built for representation: a formal reception wing that seats forty, a private family wing behind it, and gardens mature enough to have their own microclimate. Guardhouse, driver's rest room and a service entrance keep operations out of sight. Currently let to a mission on a lease expiring next quarter — vacant possession available on completion.

What is included

  • Separate reception wing
  • Guardhouse and service entrance
  • Mature landscaped gardens
  • Standby generator 45 kVA
  • Staff accommodation

Specifications

Plot area
2,100 m²
Built area
890 m²
Bedrooms
6
Bathrooms
7
Year built
2016
Title
Land certificate

Property Location

Rue 1.803, Bastos, Yaoundé

Open Google Maps
Coordinates: 3.8480° N, 11.5021° EDirect Desk Verified

The contract

This listing is governed by Deed of Sale — Residential Freehold (ref. XS-RES-004). Download it, read it, mark it up — then come back to us with what you want changed.

1Parties and subject

This agreement is made between Xserial SARL ("the Company"), the sole publisher and manager of the asset described herein, and the counterparty identified in Schedule A ("the Client"). The subject of this agreement is the asset referenced XS-RES-004, described in Schedule B together with its annexes, plans and inventory.

2Consideration and payment

A deposit of 25% of the stated consideration is payable on execution of this agreement and is applied against the total. The balance follows the schedule set out in Schedule C. Payments are made to the Company's designated account only; no agent, introducer or third party is authorised to receive funds on the Company's behalf.

3Title, documentation and warranties

The Company warrants that it holds or is duly mandated over the asset, that the title documentation supplied is authentic, and that the asset is free of undisclosed encumbrance, litigation or third-party occupation at the date of execution. Copies of the survey plan, title instrument and, where applicable, building permit are annexed.

4Tier — Premium

Terms are privately negotiated. Xserial coordinates legal counsel and escrow on both sides, and the Client is entitled to confidentiality over the transaction particulars. Viewings are by appointment and may be subject to a non-disclosure undertaking.

5Vacant possession

The asset is currently subject to an existing lease. The Company warrants delivery of vacant possession on or before the completion date set in Schedule C, and indemnifies the Client against holdover by the sitting tenant.

6Inspection and acceptance

The Client is entitled to inspect the asset, accompanied by a surveyor or engineer of their choosing, prior to acceptance. Defects identified at inspection are recorded in a joint schedule and remedied, or reflected as a price adjustment, before completion.

7Termination

Either party may terminate for material breach not remedied within thirty (30) days of written notice. Where the Company terminates without cause, sums received are refunded in full within twenty-one (21) days. Where the Client withdraws without cause after the cooling-off period, the deposit is forfeited up to the documented costs incurred.

8Governing law and dispute resolution

This agreement is governed by the laws of the Republic of Cameroon and the OHADA Uniform Acts where applicable. The parties will attempt amicable settlement for thirty (30) days before referring any dispute to arbitration in Douala under the CCJA rules, in English or French at the Client's election.

9Notices

Notices are served in writing to the addresses in Schedule A, by hand, registered post or email with confirmed receipt. Notices to the Company are copied to contracts@xserialestates.com.