1,154sqm Joint Venture Lekki Phase 1 Proper

JOINT VENTURE OPPORTUNITY -- LEKKI PHASE 1 PROPER
1,154.48 SQM Lagos C of O Land Value: ₦1.8 Billion
Prime Location High ROI Potential 50/50 Sharing (TBD)

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Property Overview

- Location: Lekki Phase 1 Proper, Lagos -- the gold standard of Lekki living, offering unmatched prestige, security, and proximity to the peninsula's best amenities.
- Land Size: 1,154.48 SQM.
- Title: Lagos State Certificate of Occupancy (C of O) -- the highest form of land title in Lagos.
- Land Value: ₦1,800,000,000.
- Price per SQM: ₦1,559,000 (approx.).
- JV Structure: Profit sharing between landowner and developer (ratio to be negotiated -- typically 50/50).
- Proposal: High-ROI residential or mixed-use development.

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Key Highlights

- Lekki Phase 1 Proper: Not Phase 1 extension or fringes -- this is core Lekki Phase 1, commanding premium value and instant recognition.
- Superior Title Security: Lagos C of O provides absolute ownership security -- bankable, transferable, and ready for financing.
- Substantial Scale: 1,154 SQM offers exceptional flexibility for a landmark development -- rare in this built-up, high-demand location.
- Prime Demographics: Surrounded by high-net-worth residents, corporate headquarters, and luxury amenities -- ensuring strong demand for completed units.
- JV Flexibility: Open to negotiating a win-win structure with a capable developer.

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️ Development Potential

1,154 SQM in Lekki Phase 1 Proper is ideal for:

- Luxury Apartment Block: 15--20 high-end flats across 4--5 floors.
- Terrace Duplex Cluster: 6--8 luxury terrace units.
- Gated Mini-Estate: 4--5 detached or semi-detached villas.
- Mixed-Use Development: Ground-floor retail/offices + residential above (subject to approvals).

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Market Context

Metric Value
Land Size 1,154.48 SQM
Land Value ₦1,800,000,000
Per SQM Valuation ₦1,559,000
Market Range (Lekki Ph1) ₦1.5M--₦2.2M/SQM
JV Sharing To be negotiated (50/50 typical)

- Per SQM Benchmark: At ₦1.56M/SQM valuation, this land is competitively positioned within Lekki Phase 1's current market range (₦1.5M--₦2.2M/SQM depending on exact street and plot characteristics).
- Scarcity Factor: Plots of this size with C of O in Lekki Phase 1 Proper are increasingly rare -- most have been developed or subdivided.

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Next Steps for Interested Developers

1. Letter of Intent (LOI) -- Express interest and capacity.
2. Company Profile -- Demonstrate track record in luxury developments.
3. Proof of Funds -- Evidence of construction financing capability.
4. Site Inspection -- Physical viewing of the property.
5. Development Proposal -- Concept, unit mix, financial projections.
6. JV Negotiation -- Agree on sharing ratio and terms with landowner.

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Ideal For: Established developers seeking a flagship JV opportunity in Lagos's most prestigious residential address; investors wanting exposure to Lekki Phase 1's prime real estate market.

A rare 1,154 SQM C of O parcel in Lekki Phase 1 Proper -- ready for the right developer to create something exceptional.