VALUATION OF AGRICULTURAL PROPERTY/INCORPOREAL/CORPOREAL ASSETS

VALUATION DETAILS

Valuation On Agricultural Property/Incorporeal/Corporeal Assets Located Along Ilaju/Atan Village, Ido Local Government Area, Ibadan. And Along Km 7, Okeho/Ilua Road, Iseyin Local Government Area, Ado Awaye, Oyo State. For Ayotemi Farms Limited

DESCRIPTION OF THE PROPERTY/ASSETS:

Classification Of Items Of Valuation:

Property A

  • Land And Buildings:

Oil Processsing Mill, Hatchery, Fish Nursery, Fish Processing House, Farm Houses I – Iv, Chairman’s House, Hut, Piggery I – Ii, Fish Pond I – V, External Stores I – Ii, Car Park Sheds I – Ii, Maize Scrib

 

  • Palm Tree Plantation:

26,312 Stands Are Planted On Approximately 184 Hectares (454.664 Acres) I.E. 143 Stands Per Hectare And Are All Matured, 6,578 Stands Are Planted On 46 Hectares (113.666 Acres) I.E. 143 Stands Per Hectares For Immature Palm Trees.

 

  • Plants, Machinery And Equipment: (Tems Of Valuation)

Filter Tank, Disc Plough, Palm Kernel Sterilizer, Palm Kernel Fruit Screen Machine, Inverter/Solar Panels, And Motor Vehicles/Lorry

 

  • Stock Of Crops And Animals:

Palm Tree Plantation, Sheep, Cattle, And Pig

Site Description:

Area Of Approximately 3,999,600 Square Meters (399.96 Hectares)

 

Property B

Location: Along Km 7, Okeho/Ilua Road, Iseyin Local Government Area, Ado Awaye, Oyo Awaye, Oyo State.

Item Valuation:

  • Land And Building:
  • Farm House
  • 1 No Store

 

  • Cashew Trees, Palm Trees And Mango Tress Plantation:

75 Stands Planted On 2 Hectares (4.942 Acres) I.E. 37.5 Stands Per Hectare And Are All Matured. 100 Cashew Stands Are Planted On 1 Hectares (2.471 Acres). 9 Stands Of Mango Tree All Matured.

VALUATION DETAILS

ASSET TYPE: AGRICULTURAL PROPERTY/INCORPOREAL
VALUATION DATE: JANUARY, 2020
VALUATION PURPOSE: RECORDS
OPINION OF VALUE: NGN 631,504,000.00
VALUATION FIRM: TUNDE ADEJUMO & CO