Land joint venture
Hot Premium Land of 601SQM on Offer
Hot Joint Venture Opportunity --- Igbo‑Efon, Lekki Land Value ₦400M --- 60/40 Sharing Summary Exclusive JV opportunity in Igbo‑Efon, Lekki. Owner values the land at ₦400,000,000 and proposes a 60% (owner) / 40% (developer) sharing formula. Premium: ₦10,000,000. Agency/facilitator fee: 10% (non‑negotiable). Ideal for developers who can mobilise quickly and deliver a high‑quality residential or mixed‑use scheme. Quick facts - Location: Igbo‑Efon, Lekki, Lagos - Land value (owner): ₦400,000,000 - Sharing formula: 60% --- Land Owner / 40% --- Developer (as stated) - Premium: ₦10,000,000 - Agency / Facilitator fee: 10% of land value (non‑negotiable) - Title: (To be confirmed) --- buyer to verify title status during due diligence - Availability: JV proposals invited; site inspections by appointment Investment highlights - Lekki corridor momentum: Igbo‑Efon benefits from strong demand for residential and mixed‑use developments in Lekki's growth corridor. - Clear commercial terms: owner-stated value, sharing ratio and modest premium simplify financial modelling and speed decision‑making for developers. - Suitable land size and positioning (site specifics to be confirmed) allow flexibility for mid‑rise residential, terrace developments or mixed‑use schemes depending on site configuration and approvals. Suggested development concepts - Mid‑rise residential blocks (apartments/serviced units) targeting middle‑to‑upper market. - Terrace housing cluster or gated estate for owner‑occupiers. - Low‑ to mid‑rise mixed‑use podium with retail/amenities and residential units above.(Feasibility study recommended to optimise far, unit mix and parking in compliance with Lagos planning regulations.) Preferred developer profile - Proven track record of delivery in Lekki or comparable Lagos locations with verifiable project references. - Demonstrable proof of funds or access to construction finance sufficient to mobilise upon agreement. - Strong project management capability and ability to meet agreed delivery timelines. Documents & due diligence checklist - Title documentation (C of O / allocation / Governor's Consent) --- to be provided/verified by owner and confirmed by buyer. - Survey plan and site coordinates --- confirm boundaries on site inspection. - Evidence of any statutory payments/receipts related to the plot (if applicable). - Developer to provide: Loi, company profile, audited accounts or proof of funds, project portfolio and a concise development concept. - Recommended technical/legal checks: legal searches at Lands Registry, geotechnical survey, topography, utilities availability and planning constraints review. Commercial & financial notes - Land value: ₦400,000,000 (owner valuation) - Premium payable: ₦10,000,000 (as stated) --- to be clarified in Heads of Terms - Facilitator/agency fee: 10% of land value (₦40,000,000 based on stated value) --- non‑negotiable and payable as agreed in the facilitator agreement - Final sharing of costs, build financing, marketing and exit mechanisms to be captured in the JV Agreement. Procedure / next steps 1. Submit loi, company profile and proof of funds for preliminary vetting. 2. Execute nda to access full title documents and site information. 3. Arrange site visit and technical assessments. 4. Present detailed JV proposal (programme, financing plan, sales/marketing approach and proposed delivery milestones). 5. Negotiate and sign Heads of Terms and Joint Development Agreement; mobilise per agreed milestones. Contact To express interest, request documentation or arrange a viewing, contact:[Insert contact name Legal / disclaimer Information provided by the owner/agent. Prospective JV partners must undertake independent legal, technical and financial due diligence. Title, pricing and other details to be confirmed and are subject to contract. Facilitator's fee (10%) is non‑negotiable unless expressly agreed in writing. #ed
