Residential land joint venture
Saka Jojo Street, Victoria Island, Lagos, Victoria Island (VI), Lagos
Prime joint venture development opportunity on saka jojo street, victoria island, lagos
1,525 sqm c of o title land value: ₦3.7b premium: ₦500m 50/50 sharing 10% facilitator fee
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property overview
- location: saka jojo street, victoria island, lagos
- land size: 1,525 sqm
- title: certificate of occupancy (c of o)
- land value: ₦3,700,000,000
- premium: ₦500,000,000
- total land cost: ₦4,200,000,000
- jv sharing ratio: 50/50
- facilitator's fee: 10% of land value (₦370,000,000) -- payable upon deal closure
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️ proposed development plan
- 9 units of 2-bedroom maisonnettes
- 9 units of 3-bedroom maisonnettes
- 2 units of 4-bedroom penthouses
- total: 20 luxury residential units
- design: modern, high-end finishes, secure parking, 24/7 power & water, premium amenities
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key highlights
- prime vi location -- saka jojo street is in the heart of victoria island's residential premium corridor
- clear c of o title -- no encumbrances, ready for immediate development
- structured jv offer -- landowner brings titled land; developer funds construction and execution
- high-return project -- luxury residential in vi commands premium sales/rental values
- market-ready demand -- strong interest from expatriates, executives, and high-net-worth individuals
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location benefits
- victoria island address -- lagos' most prestigious business and residential district
- walking distance to banks, embassies, restaurants, and corporate offices
- excellent accessibility to eko atlantic, ahmadu bello way, and akin adesola street
- secure and serene with existing infrastructure and high-end surroundings
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financial breakdown
- land value: ₦3.7 billion
- premium: ₦500 million
- total land cost: ₦4.2 billion (borne by jv structure)
- facilitator's fee: 10% of land value = ₦370m (paid by landowner upon closing)
- jv sharing: 50/50 profit split after cost recovery
- estimated development cost: to be determined by feasibility study
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joint venture structure
- landowner provides: titled land at valued contribution
- developer provides: full construction funding, project management, sales, and marketing
- profit share: 50% each after all costs and recovery
- governance: joint project oversight committee
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ideal development partner
- established real estate developer with a strong portfolio in high-end residential projects
- proven financial capacity to fund and deliver a 20-unit luxury development
- experience in lagos premium markets (vi, ikoyi, lekki)
- ability to move swiftly from agreement to groundbreaking
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next steps for qualified developers
- submit company profile and relevant project experience
- site inspection and title review
- preliminary feasibility and design proposal
- jv term negotiation and agreement drafting
this is a clear, structured, and prime jv opportunity in one of victoria island's most desirable streets.
only serious and capable development partners will be consider...
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₦4,200,000,000
Ac Valour International
08036503218