Residential land joint venture
Banana Island, Ikoyi, Lagos
*banana island* *jv! jv!! jv!!!*
*100% closeable*
*property details:*
land size: 4,570 sqm (waterfront, fenced with gate)
*location* : zone j5, close 101, banana island estate, ikoyi, lagos
*title* : federal certificate of occupancy (c of o)
*current market value* : $12,000,000
*proposed development:*
project: construction of 60 units of classic apartments.
*sharing formula*
owner's share: 40% of completed units
developer's share: 60% of completed units
*premium* (upfront payment): nil
facilitator's fee: 10% of land value or as agreed
notes:
all regulatory approvals and statutory fees will be managed by the developer.
the developer will be responsible for project funding, construction, and delivery.
the owner will provide unencumbered access and full cooperation
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$12,000,000
approx. ₦18,603,614,880
08166779803