8,102 SQM Waterfront Joint Venture Development

Property Details Location: A-Series Waterfront, Lekki Phase 1, Lagos Property Type: Waterfront Land / Joint Venture Development Opportunity Land Size: Approximately 8,102 SQM Land Value: ₦3,000,000 per SQM Title: Lagos State C of O Transaction: Joint Venture Development Equity Payment: US$400,000 Facilitators' Fee: 10% Net Proof of Funds: Required Development Parameters Provided Proposed Height: 8--10 Floors Proposed Development: 4 High-Rise Blocks Indicative Capacity: Approximately 200 Homes Indicative Unit Mix: 1 Bedroom --- 30% 2 Bedroom --- 50% 3 Bedroom --- 20% Zahari View This approximately 8,102 SQM waterfront landholding presents a substantial joint venture development opportunity within A-Series, Lekki Phase 1, Lagos. The scale of the site provides room for a significant residential development, while the waterfront setting may support a development concept designed around contemporary residential living and the characteristics of the location. The development parameters supplied with the opportunity indicate a proposed scheme comprising four high-rise blocks of approximately 8--10 floors, with an indicative capacity of about 200 homes. The proposed unit mix consists of 30% one-bedroom units, 50% two-bedroom units and 20% three-bedroom units. However, these figures should be treated as indicative development parameters provided with the brief, rather than confirmed planning approvals. Prospective partners should independently verify the permissible building height, density, waterfront setbacks, environmental requirements, access, infrastructure provisions, unit count and final development scheme with the relevant professionals and authorities. Property Highlights Approximately 8,102 SQM waterfront landholding. Located within A-Series, Lekki Phase 1. Lagos State Certificate of Occupancy stated as title. Structured as a joint venture development opportunity. Proposed scheme includes four high-rise residential blocks. Indicative development height of 8--10 floors. Approximately 200 homes indicated in the supplied proposal. Proposed unit mix covering 1-bedroom, 2-bedroom and 3-bedroom homes. US$400,000 equity payment stated in the brief. Proof of funds required. Why This Property Deserves Attention The combination of land size, waterfront positioning and the proposed residential development concept makes this an opportunity that requires careful feasibility assessment. At approximately 8,102 SQM, the site is large enough to accommodate a substantial development concept, subject to planning, environmental, engineering and other statutory considerations. For a potential joint-venture partner, the key consideration should not only be the size of the land but also whether the proposed development parameters can be practically and legally achieved within the site. Buyer / JV Partner Perspective Before committing to the transaction, prospective partners should undertake comprehensive due diligence covering: Verification of the Lagos State C of O and ownership history. Independent confirmation of the land boundaries and survey coordinates. Confirmation that the stated 8,102 SQM is accurately reflected in the survey documentation. Verification of waterfront and environmental considerations affecting the site. Confirmation of permitted land use and development density. Independent assessment of the proposed 8--10-floor development. Verification of the feasibility of constructing four high-rise blocks. Assessment of required setbacks and access requirements. Review of drainage, reclamation and foundation considerations where applicable. Confirmation of available infrastructure and utility requirements. Review of all JV agreements, obligations and revenue-sharing arrangements. Clear documentation of the stated US$400,000 equity payment. Verification of the facilitators' fee and all other transaction costs. Legal review of the proposed joint venture structure before execution. Investment Perspective A development of this scale requires a detailed feasibility study before financial commitments are made. The prospective JV partner should assess the acquisition or land contribution structure, construction costs, professional fees, statutory charges, financing requirements, infrastructure costs, marketing expenses, projected sales values and the expected development timeline. The indicative unit mix should also be tested against current market demand, achievable pricing and the overall development economics before it becomes part of the final scheme. No development return or sales projection should be relied upon until supported by independent financial, market and technical analysis. Investor / Buyer Note This opportunity is best approached as a development project requiring coordinated legal, planning, architectural, engineering, environmental and financial due diligence. Particular attention should be given to the waterfront nature of the property, proposed building height, density, foundation requirements, environmental considerations and the statutory approvals required for the final development. All figures relating to the proposed number of homes, building height and unit mix should be independently confirmed before they are relied upon for investment or development decisions. Documentation Prospective JV partners should request and independently verify all relevant documentation, including: Certificate of Occupancy Survey Plan Evidence of ownership and title history Site plan and boundary information Relevant planning information Proposed architectural/development scheme JV agreement and commercial terms Evidence supporting the stated development parameters Applicable statutory approvals and consents Professional legal and technical advice is recommended before any payment or commitment is made. Property Intelligence Beyond the Listing The most important aspect of this opportunity is the relationship between the 8,102 SQM site, the proposed high-rise scheme and the development requirements associated with a waterfront location. The supplied proposal provides a starting framework, but the final development potential must be established through independent feasibility studies and statutory confirmation. For a serious JV partner, understanding what can legally, technically and economically be developed on the site is as important as the land value itself. Asking Price / Land Value ₦3,000,000 per SQM For Enquiries & Inspections +234 803 384 8156 +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information contained in this listing is based on the details provided for the opportunity and should not be treated as a substitute for independent verification. Prospective buyers or joint-venture partners should independently confirm the title, ownership, land size, boundaries, planning parameters, development approvals, environmental requirements, financial obligations and all transaction terms before proceeding.