Mixed-use land for sale
Banana Island, Ikoyi, Lagos
️ joint venture development proposal
location: banana island, lagos
a prestigious and highly sought-after neighborhood, known for premium real estate developments and ultra-high-net-worth residents.
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land details:
- size: 4,570 sqm (bare land)
- land value: ₦4.5 million per sqm
total land value: ₦4.5m × 4,570 = ₦20,565,000,000
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development plan:
- project: construction of 2 towers
- floors: 20 floors each
- unit types:
- 2-bedroom flats
- 3-bedroom flats
- 4-bedroom flats
- maisonettes
exact unit mix, floor plan, and density to be determined during design phase.
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title:
- federal certificate of occupancy (c of o) -- secure and recognized title for development and investment.
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joint venture terms:
- sharing ratio:
- landowner: 40%
- developer: 60%
- facilitator's fee:
- 10% of total value (₦2,056,500,000 based on current land valuation)
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key takeaways:
- prime location on banana island, ideal for luxury apartments.
- solid title (federal c of o) ensures clear ownership.
- jv structure allows developer to build with no land acquisition cost upfront.
- high upside potential based on market values in the area.
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next steps (for interested developers):
1. submit expression of interest (eoi)
2. conduct site inspection & due diligence
3. review draft jv agreement
4. provide project timeline & financials
5. execute memorandum of understanding (mou) and formal jv agreem...
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₦20,565,000,000
Apple Properties
08025286152