1,109 Sqm Jv Development Opportunity
Interested in this property?
Property Description
*JV DEVELOPMENT OPPORTUNITY -- LEKKI PHASE 1 RIGHT 1,109 sqm 22-Flat Block 50/50 Split *
Landowner seeks developer for a fast-track residential project off TF Kuboye, Lekki Phase 1.
*Location:* Off TF Kuboye, Lekki Phase 1 Right Side, Lagos
*Land Size:* 1,109 sqm
*Title:* Governor's Consent in owner's name
*Land Value: ₦2Billion*
*Premium*: ₦*110Million non-refundable*
️ *Proposal:* Block of 22 flats -- mix of 3BR, 2BR, and 1BR units
*Build Timeline:* 16 months
*Sharing Ratio:* 50/50
*Facilitator's Fee: 8% NET !!!*
*Why it works*:
- Location: Lekki Phase 1 right side -- high demand for quality residential stock
- Product Mix: 3BR, 2BR, 1BR covers both families and young professionals
- Speed: Clean docs and 2-day close possible for serious developers
- Structure: Straight 50/50 split on developed units
*Developers with Lekki track record and proof of funds only.*
Property Details
| Property Ref: 3489822 | Last Updated: 20 May 2026 | Market Status: Available |
| Type: Mixed-use Land | Total Area: 1,109 sqm |
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 of their occupants.
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 in Lekki Phase 1, you're definitely covered.
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 always willing to show up at the local bars and clubs.
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 Phase 1, Lekki, Lagos.
Interested in this property?
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 5050properties. 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.