Exciting Commercial Joint Venture On Mobolaji Bank Anthony Way-ikeja
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Property Description
***REQUEST FOR A JV PARTNER***
Project Profile: Commercial Development at Bank Anthony Way, Ikeja
Executive Summary
This project profile outlines an exciting opportunity for joint venture (JV) partnership in the commercial development of a strategically located block of shops at Bank Anthony Way, Ikeja, Lagos. The proposed development consists of five floors, with nine shops on each floor, catering to the bustling trade of car parts and accessories in one of Lagos's most lucrative business districts. The project aims to leverage the high foot traffic and commercial potential of the area to create a thriving retail environment.
Project Overview
Project Name
Bank Anthony Way Commercial Development
Facilitators: The Build Centre Properties Ltd
Solicitors: Sunny Igoh & Associates
Location: Bank Anthony Way, Ikeja, Lagos, Nigeria
Land Size: 600 sqm
Land Value: ₦650 million
Premium: 10%
Development Structure
- Total Floors: 5
- Shops per Floor: 9
- Total Shops: 45
- Facilities: Each shop will be equipped with its own toilet, enhancing convenience for tenants and customers.
Market Analysis
Location Advantage
Bank Anthony Way is renowned for its vibrant market, particularly in the automotive sector, making it an ideal location for retail businesses related to car parts and accessories. The area experiences significant foot traffic, which is crucial for retail success. The proximity to major roads and transportation hubs further enhances accessibility for both customers and suppliers.
Target Market
The target market for this development includes:
- Retailers specializing in automotive parts and accessories
- Service providers related to the automotive industry
- General consumers looking for quality car-related products
Sharing Formula: 50/50
The proposed sharing formula for the joint venture partnership is 50/50. This equitable distribution reflects the collaborative nature of the project and the shared risks and rewards associated with commercial development.
Project Development Plan
Timeline: 24 mths (Maximum Time)
The project is expected to follow a structured timeline:
Construction Details
- Architectural Design: Modern and functional design to attract high-quality tenants.
- Materials: Use of durable and sustainable building materials to ensure longevity and reduce maintenance costs.
- Compliance: Adherence to local building codes and regulations to ensure safety and quality.
Conclusion
The proposed commercial development at Bank Anthony Way, Ikeja, presents a unique opportunity for a joint venture partnership. With its prime location, robust market demand, and a solid development plan, this project promises significant returns on investment. We invite potential partners to consider this lucrative opportunity and join us in bringing this vision to fruition.
For further discussions and inquiries, please contact:
The Build Centre Properties Ltd
Sunny Igoh & Associates
We look forward to the possibility of collaborating on this exciting venture.
Property Details
| Property Ref: 2952037 | Last Updated: 03 Jul 2025 | Market Status: Available |
| Type: Plaza / Complex / Mall | Total Area: 600 sqm |
Interesting Facts
Ikeja is home to the biggest Information Communications Technology market in Africa; Computer village. Muhammed International Airport is also located in Ikeja. The legendary Fela Anikulapo Kuti lived and still has all his belongings in his house which has been converted into a museum.
Leisure and Shopping
Ikeja is home to the largest mall on the Lagos mainland. The Ikeja City Mall, also known as ICM, is Nigeria's busiest shopping mall. Within the mall, there are numerous clothing stores, restaurants, book stores, lounges, cinemas, and other notable fun destinations.
Popular Estates
The quality of the estates in Ikeja will blow your mind. Living within most of them means that you'd be living in the same area as highly respected government parastatals. Awuse Estate, Alausa Royal Estate, Orchid Court Estate and Brown's Court are some of the best examples.
Day Life
Fela Kuti's former home, the Kalakuta Republic Museum, is a great place to learn about the musician while he was alive. The Silverbird Cinema at ICM and Viva Cinemas at Jara Shopping Mall both have recently released films. Ikeja's many parks are ideal for picnics, hangouts, get-togethers, and group meetings.
Night Life
The New Afrika Shrine is an open-air entertainment centre where Fela Kuti's children perform. Rumors nightclub, Cubana, Crescendo bar, Carlsbad Lounge and nightclub, Club Invogue, Club Uno, and Liquid Lounge are some of the clubs available.
Schools
Schools in Ikeja have consistently ranked in the top positions over the years, thanks to excellent learning infrastructure and experienced teachers. Many of them adhere to the British educational system, which draws international students. Ikeja is also home to Nigerian Police Training School, the Nigerian Police College, and the Nigeria Police Training College.
Read the full area guide for Ikeja, Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 11 months ago
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