Nigeria Property Centre

Residential land joint venture

1, 500 SQM Prime Joint Venture Land for Luxury High-Rise Development at

Banana Island Road, Banana Island, Ikoyi, Lagos
₦7,500,000,000
#354-609-0 27 Jun
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Residential Property type

About this property

Property Description
​An exceptional and rare Joint Venture (JV) opportunity is now open for a visionary developer in Nigeria's most prestigious and secure neighborhood: Banana Island, Ikoyi.

​This prime parcel of land spans 1,500.23 SQM and is perfectly positioned for a luxury high-rise residential development. With the skyrocketing demand for premium apartments and maisonettes in Ikoyi, this project promises an exceptional Return on Investment (ROI) and global buyer appeal.

​Proposed Development Plan
​The site is highly suitable for an iconic multi-story structure. A proposed concept includes:
​Floors 1--2: Ample and secured Car Parking
​Floors 3--5: Block of ultra-luxury Apartments
​Floors 6--7: 4 Units of premium 4-Bedroom Maisonettes
​Floor 8: 2 Units of exclusive, sprawling Penthouses.

​(Note: The land is open to alternative/additional design options by the developer)

​Financials & JV Terms
​Land Size: 1,500.23 SQM
​Land Value: ₦5,000,000 per SQM
​Total Land Value: ₦7,501,150,000 (Approx. ₦7.5 Billion)
​Premium: Subject to discussion / negotiation
​Sharing Formula: 50% / 50%
​Facilitator's Fee: 10%

​Why Invest in This Location?
​Unmatched Prestige: Banana Island remains Africa's most elite real estate hub.
​High ROI: Premium Ikoyi apartments yield some of the highest rental and resale values on the continent.
​Security & Infrastructure: Top-tier estate security, constant power, and world-class drainage/road networks.

​Strict Engagement Terms
​️ Important Notice: This opportunity is strictly available to Direct Developers or Valid Mandates with verifiable track records. Broker networks and middlemen will not be entertained. Proof of financial and technical capacity will be required before full documentation is released.

Property details

Reference ID #354-609-0
Listed by Power Up Limited
Property type Residential Land
Listing status Residential land joint venture

Area guide — Ikoyi

Lagos

Interesting Facts

Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reput...

Leisure and Shopping

Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lu...

Popular Estates

Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vi...

Day Life

Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like...

Night Life

Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rath...

Schools

Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their childre...

Read the full area guide for Ikoyi, Lagos

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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 Power Up Limited. 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.

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