For sale: Prime 1,600sqm Joint Venture Land

CWL1993
"An exceptional Joint Venture (JV) opportunity involving 1,600sqm of prime land strategically located in Oniru, Victoria Island, Lagos.

The property offers developers an opportunity to undertake a premium high-rise residential development in one of Lagos's desirable residential and commercial districts.

The proposed development comprises an 8–12-storey luxury residential building with approximately 24–48 units, structured under a 50/50 joint venture arrangement with no upfront land premium.

Property Details
Location: Oniru, Victoria Island, Lagos
Land Size: 1,600sqm
Title: Certificate of Occupancy (C of O)
Land Valuation: ₦2,600,000,000 (₦2.6 Billion)
Property Type: High-Rise Residential Development Opportunity

Proposed Development
Building Configuration: 8–12 Floors
Residential Units: Approximately 24–48 Luxury Apartments
Entrance Lobby: Proposed
Podium Parking: Proposed
Generator House: Proposed
Recreational Deck: Proposed

The proposed development configuration is subject to feasibility studies, planning approvals, and applicable building regulations.

Joint Venture Terms
Sharing Ratio: 50/50
Land Premium: None (₦0)
Facilitator’s Fee: 10%
Facilitator’s Fee Amount: ₦260,000,000

Investment Opportunity
This JV presents an attractive opportunity for experienced developers seeking to deliver a substantial luxury residential project in Oniru without the requirement of an upfront land premium.

With a stated land valuation of ₦2.6 billion, a Certificate of Occupancy, and a proposed 50/50 sharing structure, the property offers a foundation for a high-value residential development, subject to due diligence and mutually agreed terms.

Inspection strictly by appointment."

For more Information, Pricing and Private Viewings

Please Contact:

Ebun: [redacted]

Lilian: [redacted]

Email: [redacted]

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