For sale: Land

CWL2033
"An attractive Joint Venture (JV) opportunity involving a 700sqm parcel of land in the highly sought-after Lekki Phase 1 neighbourhood.

The property currently has an existing old structure, which the developer is expected to demolish to make way for a proposed residential development comprising 10 units of 2-bedroom apartments.

The landowner is offering the property on a firm 50/50 sharing arrangement, with no flexibility on the agreed sharing ratio.

Property Details
Location: Lekki Phase 1, Lagos
Land Size: 700sqm
Existing Structure: Old building to be demolished by the developer
Title: Governor’s Consent
Land Value: ₦1,300,000,000 (₦1.3 Billion)

Joint Venture Terms
Proposed Development: 10 units of 2-bedroom apartments
Sharing Ratio: 50/50 — non-negotiable
Premium: ₦180,000,000 (Asking)
Facilitator’s Fee: 10%
Survey: To be released after property inspection

Investment Opportunity

This opportunity is suited to developers seeking to undertake a residential apartment project in Lekki Phase 1. The proposed 10-unit development offers a clear starting concept, with the landowner maintaining a firm 50/50 sharing arrangement.

The developer will be responsible for demolishing the existing structure, with further property documentation, including the survey, to be made available after inspection."

For more Information, Pricing and Private Viewings

Please Contact:

Ebun: [redacted]

Lilian: [redacted]

Email: [redacted]

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