Fastest Finger On The Button 776.25sqm Joint Venture Offer

Listing Title:
Fast‑Track JV Opportunity ---
Size: 776.25 sqm Sand‑Filled Plot
Location: (Captain's Court, Lekki Palmcity Estate, Ajah) ---
Title: C of O & Governor's Consent
Land Value: ₦200M ---
Sharing Formula: 45/55 Partnership
*VIDEO AVAILABLE*

Overview:
Urgent joint‑venture (JV) opportunity for a ready developer: a prime 776.25 sqm sand‑filled plot in Captain's Court, Lekki Palmcity Estate (Ajah). Owner is offering an immediate JV --- land is titled (C of O) with Governor's Consent and comes with approved drawings for 3 detached duplexes. Plot is development‑ready and owner seeks a fast, experienced developer (no time‑wasters) to mobilise quickly. Sharing proposed at 45:55.
Facilitator's fee: 10%.

Key Property Facts

- Location: Captain's Court, Lekki Palmcity Estate, Ajah (Captain's Court)
- Plot size: 776.25 sqm (Length 35.5 m × Breadth 22.5 m)
- Condition: Sand‑filled (ready for piling/works)
- Title: Certificate of Occupancy (C of O) + Governor's Consent
- Existing package: Owner has drawings for 3 fully detached duplexes (can be used or developer may propose alternative schemes except terrace development --- terraces excluded)
- Land valuation (owner): ₦200,000,000
- Asking JV share: 45:55 (owner:developer) --- reasonable for a fast, fully funded developer
- Facilitator fee: 10% (payable on agreed terms
Why This Is Attractive

- Development‑ready site (sand‑filled) reduces early mobilisation/time‑to‑ground works.
- Located inside Lekki Palmcity Estate --- rising residential demand and good estate management.
- Owner already has architectural drawings (3 detached duplexes) --- saves design time and accelerates approvals/build start.
- Clear title documentation (C of O + Governor's Consent) --- supports a smoother transaction and handover.
- Compact plot ideal for high‑value detached dwellings or a bespoke luxury development that commands premium pricing in the area.

Proposed JV Structure (Indicative)

- Equity split: Owner 45% : Developer 55% (developer funds construction and manages project)
- Owner contribution: Land (valued at ₦200M), drawings, C of O & Governor's Consent, assistance with document handover
- Developer contribution: Construction financing, project management, securing building permits/approvals, sales/marketing and handover of completed units
- Facilitator fee: 10% payable as agreed (typically on transaction closure or as staged per JV agreement)
- Profit / unit allocation: To reflect the 45:55 split after costs; detailed financial model and cost schedule to be agreed and appended to JV agreement

Developer Responsibilities (typical / expected)

- Immediate proof of funds (POF) / bank reference and capability evidence
- Fast‑track all necessary approvals (building permit, estate approvals, utilities)
- Finance and execute construction to the approved drawings (or developer's own approved scheme)
- Manage contractors, QA/QC, site supervision and delivery to practical completion
- Handle sales, marketing or leasing of completed units (unless JV agrees otherwise)
- Provide regular reporting, milestone payments and transparent accounting during the build

Owner Responsibilities

- Transfer of land equity into JV SPV or provide legal mechanism needed for JV
- Deliver original C of O, Governor's Consent, drawings and survey documents to legal counsel for verification
- Assist with estate introductions and needed consents where required

Timing & Expectations

- Qualification & DD: 7--14 days (title/documents review, site visit, technical checks)
- JV agreement & heads of terms: 7--14 days (subject to POF and parties)
- Approvals & mobilisation: target immediate mobilisation on successful JV (developer to fast‑track approvals)
- Construction: typical estimate 10--18 months depending on scope and contractor capacity (developer to supply schedule)

Due Diligence Pack (available / recommended)

- Original C of O & Governor's Consent (available for verification)
- Survey plan and site dimensions (776.25 sqm)
- Owner's architectural drawings for 3 detached duplexes
- Evidence of sand fill and basic site readiness (photos/reports)
- Estate rules & consent requirements (if applicable)
- On request: structural/soil tests or engineers' reports (if available, else buyer to commission)

Pre‑Qualification & Desired Partner Profile
We want a credible, quick‑moving developer who can:

- Produce immediate proof of funds or bank reference
- Commit to fast approvals and site mobilisation
- Demonstrate prior delivery of similar detached residential projects in Lekki/Ajah
- Agree to the 45:55 sharing (owner:developer) or propose a better commercial structure with valid rationale
- Respect facilitator fee terms (10%) and conclude negotiations promptly

Next Steps / How to Apply

- Serious developers only. To proceed please send:
- Short company profile. Expression of Interest letter & track record (2 relevant projects)
- Proof of funds / bank comfort letter
- Contact person and availability for immediate site visit
- Upon receipt of the above, we will provide the full due diligence pack and arrange an accompanied site inspection and meeting with the owner.

Contact
Message or call to arrange viewing, request documents (C of O, survey, drawings) or submit your pre‑qualification.
Quick, decisive developers with verified capacity will be prioritised --- no time‑wasters.

Ref: Victoria