Residential land joint venture
Old Ikoyi, Ikoyi, Lagos
Super rare 4800m2 land for jv in old ikoyi. cornerpiece of lawrence and ojora road.
land size - 4800m2
location: cornerpiece of lawrence and ojora road, adjacent wheatbaker hotel
title- federal cofo with 99 years unexpired
lands value - #20 billion (@ #4.17 million per sq metre)
proposal - 2 blocks of 10 storey buildings with 50-60 luxury apartments
premium - none
sharing formula - developer 60% owner 40%
facilitators fee- #2 billion
owners terms
- build immediately, no sand filling needed
- two sided entrance
- he wants reputable company with ikoyi track record
- no premium, he trades premium for speed and quality development
- very clean title for fast approval
- wants bank finance to be ready to go
- owner wants legacy project, not maximum profit
gou....
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₦20,000,000,000
Abbey & Co
09130692900