Land joint venture
Prime Land of 2800SQM Available for JV
Joint Venture Opportunity --- 2,800 sqm Ilasan World Oil (Lekki Right) --- Fronting Lekki--Epe Expressway Summary Prime JV opportunity on a 2,800 sqm parcel directly facing the Lekki--Epe Expressway at Ilasan (World Oil). Owner invites seasoned developers to propose a mixed commercial and luxury residential scheme comprising 2‑ and 3‑bedroom apartments with penthouses. Premium is to be determined. Facilitator's fee: 10% (net). Quick Facts - Location: Ilasan (World Oil), Lekki Right --- directly fronting Lekki--Epe Expressway - Land size: 2,800 sqm - Proposed scheme: Mixed commercial + luxury residential (2‑bed, 3‑bed units and penthouses) - Premium: To be determined by owner (TBD) - Facilitator's fee: 10% of agreed land value (net, non‑negotiable) - Sharing ratio: Open to discussion --- owner will consider well‑structured developer proposals - Availability: JV proposals invited; site inspections by appointment Investment highlights - Exceptional roadside exposure to Lekki--Epe Expressway enhances retail, F&B and corporate leasing potential for ground‑floor commercial space. - Substantial 2,800 sqm footprint in a fast‑appreciating Lekki Right corridor, offering flexibility for mid‑ to high‑rise massing and attractive unit stacking. - Mixed‑use product (commercial podium + luxury apartments/penthouses) maximises income diversification and capital appreciation. - Owner receptive to competitive, bankable proposals --- opportunity to negotiate an attractive sharing structure for the right developer. Suggested development concept - podium of commercial units (retail, showrooms, restaurants, offices) fronting the expressway; residential tower(s) above featuring 2‑ and 3‑bedroom apartments and penthouse units. - Dedicated resident amenities: gym, pool, landscaped terraces, secure parking and concierge services. - Parking strategy and vehicle access to be optimised for expressway frontage and traffic patterns. - Phased delivery or combined delivery model depending on financing and sales strategy. Preferred developer profile - Proven track record delivering mixed‑use and luxury residential projects in Lekki or similar Lagos sub‑markets. - Verifiable project references and completion certificates; demonstrable sales/marketing capability. - Proof of funds or access to construction financing sufficient to mobilise promptly upon agreement. - Capability to manage statutory approvals, contractor procurement and timely delivery to market standards. Documents & due diligence checklist (required / recommended) Owner / agent to provide (where available): - Title document (Federal allocation / C of O / Governor's Consent / Allocation) --- please confirm and make originals available for verification. - Survey plan and site coordinates; site photos and boundary confirmation. - Any preliminary designs, estate covenants or planning constraints (if applicable). Developer to provide: - Loi, company profile and recent project portfolio. - Audited accounts, bank references or proof of funds. - Preliminary concept note and indicative financial model demonstrating proposed commercial terms and timeline. Technical & legal due diligence recommended: - Full title verification and searches at the Lands Registry. - Site inspection, survey confirmation and geotechnical investigations. - Traffic access study due to expressway frontage; review of external works and utility connections (power, water, drainage). - Planning and statutory approvals review; confirmation of any premium or statutory levies. Indicative commercial notes - Premium to be confirmed by the owner --- proposals should allow for premium structuring where required. - Facilitator's fee: 10% of agreed land consideration (net) payable as agreed in the facilitator agreement. - Sharing ratio and payment milestones to be negotiated based on the strength of the developer proposal, financing plan and proposed delivery programme. Procedure & next steps 1. Submit loi, company profile, proof of funds and a brief development concept for initial review. 2. Execute an nda and receive access to site documentation and title papers (subject to verification). 3. Arrange site visit and technical inspections. 4. Present a detailed JV proposal (design concept, financing plan, programme, sales/marketing strategy and proposed commercial terms). 5. Negotiate Heads of Terms, conclude Joint Development Agreement and mobilise per agreed milestones. Contact To register interest, request documentation or schedule a site inspection, contact:[Insert contact name][Insert phone number] [Insert email] Legal / disclaimer Information supplied by the owner/agent and is indicative. Prospective JV partners must undertake independent legal, technical and financial due diligence and verify title status and any premium obligations before committing to an agreement. All terms subject to contract. #ed
