Residential land joint venture
Land joint venture
Newly Out 1, 000SQM Waterfront Joint Venture in an Estate
About this property
LEKKI FORESHORE JV --- PREMIUM WATERFRONT DEVELOPMENT PLAY
A rare Joint Venture opportunity in one of Lekki Phase 1's most prestigious residential locations, structured for serious developers with capacity and vision.
Lekki Foreshore Estate, Lekki Phase 1
2,003sqm (Owner is willing to use 1000sqm for JV)
Land Value for 2,003sqm: ₦1.8Billion
Land Value for 1,000sqm: 900m
️ Premium: ₦50M (Non-Refundable)
Development Proposal:
- 17 Units of 3/2/1 Bedroom Flats
- Construction Timeline: 1yr 6 Months
Sharing Formula: 50/50
(50% Landowner 50% Developer)
Title: Governor's Consent
Facilitator's Fee: 10% of Land Value (Negotiable)
Prime location. Strong rental demand. Excellent development economics.
Property details
Area guide — Lekki
Interesting Facts
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
Leisure and Shopping
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Popular Estates
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety o...
Day Life
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time i...
Night Life
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are alway...
Schools
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki, Lagos
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