Residential land joint venture
Genesis Court Estate, Phase 2, Badore, Ajah, Lekki, Lagos., Ajah, Lagos
Direct instruction
for sale or joint venture (jv) genesis court estate phase 2, badore, ajah
consolidated parcel: 831 sqm (two adjoining back-to-back plots) c of o title fully developed estate
₦166.2 million (sale) ₦200,000 per sqm 50/50 jv sharing
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property overview
- location: genesis court estate, phase 2, badore, ajah, lekki, lagos.
- total land size: 831 sqm (comprising two adjoining back-to-back plots: 420 sqm + 411 sqm).
- title: certificate of occupancy (c of o) for each plot.
- sale price: ₦166,200,000 (for consolidated parcel).
- price per sqm: ₦200,000.
- jv option: 50/50 profit sharing (developer funds construction; no land premium).
- facilitator's fee: 10%.
- status: owner available immediately; closable asap.
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key highlights
- consolidated development parcel: two adjoining back-to-back plots offering a combined 831 sqm---ideal for a cohesive, medium-scale residential project.
- fully developed estate: genesis court estate phase 2 is a live-in community with smart-card gate, cctv, interlock roads, drainage, estate solar lighting, 18hrs power, recreational center, and dedicated estate transformer.
- strong title security: each plot has a c of o, providing bankable title for outright purchase or jv financing.
- dual opportunity: purchase outright for immediate development, or partner via 50/50 jv with zero land premium---developer brings construction funding only.
- immediate closeability: owner is motivated and accessible; site inspection and video available on request.
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️ development potential (jv or direct development)
- consolidated land size: 831 sqm offers flexibility for:
- luxury townhouse cluster (4--6 units).
- medium-density apartment block.
- gated mini-estate leveraging existing estate infrastructure.
- single landmark family compound with generous outdoor space.
- jv terms: 50/50 sharing of completed units or sales proceeds. developer covers 100% construction costs.
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market context
- pricing: at ₦200,000/sqm (₦166.2m total), this is competitively positioned for a fully serviced estate with c of o in the badore-ajah corridor.
- comparables: similar estate land in this micro-location ranges from ₦180,000--₦250,000/sqm depending on title and infrastructure.
- jv appeal: 50/50 sharing with zero premium is highly developer-friendly, especially with infrastructure already in place and title perfected.
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video available on request
ideal for: cash buyers seeking a sizable, titled estate parcel, or developers with ready capital seeking a 50/50 partnership in a prime ajah location with immediate development potential.
a consolidated 831 sqm development opportunity in a fully built-up estate---ready for immediate acti...
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₦166,200,000
Ac Valour International
08036503218