Interested in this property?
Joint Venture ( Agreement )
Land Details
- Location: Beside Veri Tasi Homes Terraces, Ikate-Elegushi
- Land Size: 2400 sqm
- Land Value: ₦1.7 billion
Project Details
- Number of Units: 50 apartments + penthouses
- Timeline: 24 months
Responsibilities
- Land Owner:
- Governor consent processing and all fees
- Developer:
- Building approval processing and all fees
Payment Terms
- Buy 3 units upfront
- 50% payment upon signing, balance upon completion of foundation
- Proof of fund: ₦1.5 billion
Sharing Ratio
- Land Owner: 40%
- Developer: 60%
Signing Bonus
- ₦50 million
Penalty/Rental Income
- Penalty applies if project is not delivered within 120 days from supposed delivery date
- Rental income on each unit after grace period
Next Steps
- Preliminary drawings for the project, including site layout and typical floor plans.
Let me know if you'd like me to review or modify any part of this agreement!
Property Ref: 2910566 | Last Updated: 08 Jun 2025 | Market Status: Available |
Type: Residential Land | Parking Spaces: 2400 | Total Area: 2,400 sqm |
Covered Area: 2,400 sqm |
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos.
Interested in this property?
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 Ahmadbell Properties 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.