Commercial Property in Ikeja, Lagos

Joint venture opportunity mixed‑use development opportunity, size:545 sqm --- mobolaji bank anthony way, ikeja price: land value ₦550m premium: ₦40m sharing formula: land owners: 45% jvc: 55% facilitation fee: 10% executive summary a direct joint‑venture opportunity to develop a high‑yield mixed‑use commercial project on 545 sqm land parcel on mobolaji bank anthony way, ikeja --- one of lagos's busiest commercial and technology corridors. the site sits within a vibrant retail, wholesale and it market with exceptional foot traffic and transport links. the landowner and the build centre properties ltd seek an experienced developer partner for a 45:55 land‑for‑development jv. this is a tightly structured, ready‑to‑move opportunity with a modest premium and an established facilitator/legal team in place. quick facts - opportunity type: joint venture --- land‑for‑development (mixed‑use commercial) - location: mobolaji bank anthony way, ikeja, lagos --- prime commercial / it market belt - land area: 545 sqm - land value: ₦550,000,000 - premium: ₦40,000,000 - facilitator fee: 10% of land value - sharing: 45% land owner 55% developer why this opportunity works for developers - exceptional commercial catchment: high daily pedestrian and vehicular flow, strong concentration of wholesalers, retailers, service providers and it outlets --- immediate demand for retail, office and flexible commercial space. - proven location: mobolaji bank anthony way is a known hub for trade, electronics, ict and related services --- strong tenant pool and short‑let/retail revenue potential. - manageable scale & fast turnaround: 545 sqm is an efficient plot size for mid‑rise, high‑yield mixed‑use (ground floor retail + upper commercial office/serviced suites), enabling quicker approvals and faster cash conversion than greenfield large parcels. - ready structure: landowner is committed to a jv model; solicitors and facilitator engaged to streamline heads of terms, due diligence and documentation. suggested development concepts (developer to propose final design) - option a --- retail + office: ground floor retail units & showrooms (electronics/wholesale), 5-6 floors of commercial office suites for it/service firms, rooftop/mep. - option b --- retail + serviced suites: ground floor retail, upper floors as serviced office suites/hotels or short‑stay units targeting corporate clients and visiting traders. - option c --- boutique mall / co‑work: compact retail mall with co‑working/accelerator floors to serve smes and tech traders. - developer to submit concept and financial model (gdv, construction cost estimate, expected rental/sale yields, exit strategy). commercial terms (indicative) - sharing: 45:55 landowner : developer --- developer funds construction; landowner contributes land valued at ₦550m. - premium: ₦40m payable facilitator fee 10% payable - exit options: sale of completed units, rental operation with profit split, or hybrid sale/retain structure --- negotiable. what the landowner expects from a partner - proven track record: completed commercial / mixed‑use developments of similar scale in lagos or comparable markets. - financial capability: evidence of funding or bank support to deliver construction and marketing (audited accounts, bank reference or proof of funds). - project management & technical capacity: in‑house or partnered design, construction and property management capability to deliver on time and to budget. - speed & commitment: owner requires responsive partners --- prompt lois and readiness to progress due diligence and hot. pre‑qualification documents (submit with loi) 1. letter of intent (loi) confirming interest and high‑level commercial approach. 2. company profile and registration (rc, tin). 3. evidence of financial capability and technical competence 4. facilitators letter contact: mr. kola adesina (edba) all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properti...