Real Estate Development Opportunity
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Property Description
Real Estate Development Opportunity: Joint Venture and Land Sale
Location: Freedom Way, Lekki, Lagos
Title: Certificate of Occupancy (C of O)
Available Land:
- 8 Hectares (approximately 80,000sqm) available for immediate sale
- 20,000sqm available for Joint Venture (JV) partnership
Value:
- #1,000,000 (One Million Naira) per square meter
Joint Venture Terms:
- 50/50 profit-sharing arrangement
- Capable developers with available funds only
- Proof of Funds (POF) is mandatory
- Minimum allocation to one developer is 5,000sqm
- Project completion timeline: 12-24 months
Infrastructure:
- Landowner will provide infrastructure, including:
- Road network
- Drainage system
- Power supply
- Infrastructure completion timeline: 12-18 months
Additional Benefits:
- Landowner can provide building materials at a discounted rate
- Recreational center (waterfront) will be built by the landowner for the estate
Development Options:
- Detached, semi, terrace, and villa units with available waterfront portions for JV
- Proposal for flats portions are not waterfront
Requirements for jv:
- Letter of Intent (LOI) outlining proposed development plans and timeline
- Company Profile, including details of previous projects and experience
- Developers must have available funds and a proven track record of completing projects
- POF is required to secure allocation
Please note - for sales just call me
Property Details
| Property Ref: 2693970 | Last Updated: 31 Jan 2025 | Market Status: Available |
| Type: Residential Land |
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.
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Disclaimer
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Sijuwola Street, Ago Palace Way, Okota, Lagos, Okota, Lagos, Nigeria
0803 XXXX Show Phone
+2348154006220
Registered 7 years ago
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