1,002 Sqm Lekki Foreshore Scheme, Freedom Way, Lekki, Lagos
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Property Description
Joint Venture Development Opportunity in Lekki Foreshore, Freedom Way
Parcel B, Block D, Plot 7 1,002.377 SQM Sand-Filled Governor's Consent Land Value: ₦800M
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Property Overview
- Location: Lekki Foreshore Scheme, Freedom Way, Lekki, Lagos
- Land Size: 1,002.377 SQM (as per registered survey)
- Title: Governor's Consent (in name of Edobor Ozakpolor)
- Survey Plan No.: UTM Zone 31, Scale 1:1,000
- Land Value: ₦800,000,000
- Status: Sand-filled, stable, and ready for development
- JV Sharing: 50/50
- Facilitator's Fee: 10% of land value (₦80M upon deal closure)
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Key Highlights
- Prime Foreshore Position -- Strategically located at the heart of Lekki Foreshore
- Sand-Filled Land -- No foundation issues, construction-ready
- Clear Governor's Consent -- Legitimate title for secure ownership
- Structured JV Proposal -- Landowner seeks developer for blocks of flats
- No Premium -- Straightforward 50/50 split after costs
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️ Proposed Development
- Blocks of Flats -- High-end residential apartments
- Mix of Units -- Can include 2-bed, 3-bed, and penthouse units
- Modern Amenities -- Secure parking, 24/7 power, swimming pool, gym, etc.
- Target Market -- Expatriates, executives, and high-income tenants/investors
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Lekki Foreshore Benefits
- Prestigious Waterfront Scheme -- One of Lekki's most exclusive addresses
- Secure & Serene -- Gated estate with controlled access and security
- Growing Demand -- High occupancy rates for quality residential projects
- Connectivity -- Easy access to Freedom Way, Lekki-Epe Expressway, and Victoria Island
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Financial Overview
- Land Value: ₦800 Million
- Facilitator's Fee: 10% = ₦80 Million (paid by landowner upon JV signing)
- JV Structure: 50/50 profit sharing after cost recovery
- Development Funding: To be provided by the developer
- Expected ROI: High given Lekki Foreshore premium positioning
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Joint Venture Terms
- Landowner Contribution: Titled, sand-filled land (₦800M value)
- Developer Contribution: Full construction funding, project management, delivery, and marketing
- Profit Share: 50/50
- Ideal Partner: Established developer with experience in high-rise/flat developments
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Invitation to Qualified Developers
This is a titled, ready, and strategically located land offering in Lekki Foreshore. The landowner is seeking a credible and financially capable development partner to execute a premium block of flats project.
Interested developers should:
- Submit company profile and track record
- Conduct site and title due diligence
- Present a preliminary development proposal
- Negotiate JV terms and structure
A clear, titled, and actionable JV opportunity in one of Lekki's most desirable waterfront estates.
Ready for immediate engagement with serious partners.
Property Details
| Property Ref: 3245176 | Last Updated: 10 Dec 2025 | Market Status: Available |
| Type: Residential Land | Covered Area: 1,002 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.
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Disclaimer
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
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