Joint Venture Land For Sale Old Ikoyi Banana Island Ikoyi Lagos - 0

Joint Venture Land For Sale Old Ikoyi Banana Island Ikoyi Lagos - 1

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For sale: 4,947.766sqm Land In Residential Area Of Banana Island

Old Ikoyi Banana Island Ikoyi Lagos

₦ 4,000,000/sqm

Joint Venture Land For Sale Old Ikoyi Banana Island Ikoyi Lagos

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Property Type Land
Sqm 4.9K
Added 06 Dec 2025

Updated 26 May 2026

Description

*JV @ BANANA ISLAND*

*Size:* 4,947.766sqm
vacant land in a residential area of Banana Island, Ikoyi, Lagos.

VALUE:- #4m/sqm

TITLE:- C of O.

PROPOSAL:- Flats/Maisonettes and Penthouses on 6 floors

FACILITATOR'S FEE:- 10% of total land value.

Premium = Nil

Proposal with Animations available on request.

Sharing= 50:50

Our intention is to develop the landed property, to design, build and finance the 18 Luxurious
dwelling types of
3 bedrooms apartments(6 units),
5 bedroom penthouses,(6 units),
5 bedroom maisonettes (6 units).

We are proposing that proceeds from the sale of the 2 blocks on 5 suspended floors will be shared 50:50

*Projected Revenue:*
 $6m/pent, (600sqm each)..
$4m/maisonette (400sqm each) and
$2m/aparments (200sqm each)
 30% discount for off-plan sales.

*PROCEDURE*
A. BEFORE INSPECTION:
- Letter of Intent
- Letter of facilitators fee
- Company's Profile

NB: Now no premium again. USD$2m premium is off now.

Realtor/broker