A Standard, Spicy Land
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Property Description
*HOT JV OPPORTUNITY -- IKOYI, LAGOS*
*Location: Alexander Road, Ikoyi*
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*Land Size:*️ 6,000 sqm
*Title:*️ Certificate of Occupancy (C of O)
*Land Value:* ₦15 billion
*Proposed Development:* 15 units of 6-bedroom luxury detached mansions
*Profit Sharing:* No Profit Sharing, Developer Takes it all
*Facilitator's Fee:* 10%
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*JV Concept -- Land Sales Development Structure:*
Investor makes an initial payment of at least *60%* of the land value.
A Joint Venture Agreement is signed.
The balance of the land payment is to be completed within 12--18 months, ideally funded by proceeds from early off-takers of the developed units.
Upon full payment of the land value, the developer/investor assumes full ownership and control of the entire project --- no profit sharing.
*This is a high-value investment strictly for serious and financially capable developers.*
*Transaction Requirements:*
1. Letter of Interest (LOI)
2. Developer/Investor Profile
3. Letter of Irrevocable Acceptance to pay 8% as the minimum acceptable facilitators fee
4. Proof of Funds
*Developer/investor must agree to the above JV structure before we proceed with the next steps.*
#Rokeebat#~Ola(SE)
Property Details
| Property Ref: 2832084 | Last Updated: 22 Apr 2025 | Market Status: Available |
| Type: Mixed-use Land | Total Area: 6,000 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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