Build‑operate‑transfer (bot) opportunity ---
9,950 sqm --- wuse 2 city centre, abuja ---
prestigious city‑centre site
premium: n10b
facilitaor:10%
headline
prime 9,950 sqm city‑centre land in wuse 2 for bot --- landmark mixed‑use, hotel, retail or grade‑a office development. strategic location with exceptional footfall, connectivity and long‑term value. proposals invited.
key facts
- location: wuse 2 city centre, abuja (prestigious central business & retail district)
- site area: 9,950 sqm (approximately 0.995 ha / ~1 ha) --- contiguous city centre parcel
- transaction: build‑operate‑transfer (bot) --- concession / lease‑back / ppp structures considered; sale or jv alternatives negotiable on request
- title: available for verification --- title documents to be issued to qualified parties on request (please confirm title type)
- asking / pricing: bot terms and commercial consideration are open --- submit proposals (rent, revenue share, concession length, capex commitments)
- premium:n10b
- facilitator fee: 10%
- availability: immediate for qualified operators / developers --- site inspections by appointment only
description
an ultra‑rare bot opportunity in the heart of abuja's wuse 2 city centre --- 9,950 sqm of prime city‑centre land positioned for a high‑impact, revenue‑generating development. this parcel offers the scale and location to deliver a signature mixed‑use asset: premium retail destination, grade‑a office tower, international hotel, serviced apartments or an integrated combination. offered on a bot / concession basis to attract experienced developers and operators who will design, finance, build and operate a high‑quality scheme before transferring the asset per agreed handback conditions.
ideal for institutional developers, hotel chains, retail operators and mixed‑use specialists seeking long‑term urban cashflow and trophy asset creation in abuja's top commercial node.
investment highlights
- prestigious city‑centre address in wuse 2 --- proximity to government offices, corporate headquarters, embassies, banks and high footfall retail corridors.
- large contiguous urban parcel --- rare near‑1ha site in central abuja enabling significant gfa and flexible massing strategies.
- strong demand drivers: corporate tenancy, corporate housing demand, domestic & international hotel demand, retail catchment from office and diplomatic communities.
- bot structure reduces upfront land acquisition capital for developer while aligning long‑term municipal / owner objectives for high‑quality delivery.
- multiple revenue streams: office rents, retail leasing, hotel room revenue, serviced apartments, parking revenue and f&b.
- opportunity to create a city landmark with lasting brand value and premium operating yields.
illustrative development concepts
- mixed‑use podium + tower: retail podium (multi‑level), grade‑a office floors, serviced apartments / hotel tower above.
- premium international hotel (200--350 keys) with conference facilities, f&b and parking.
- high‑end retail mall / lifestyle precinct with flagship stores and food & beverage activated streetscape.
- standalone grade‑a office tower (sustainable design, flexible floorplates) for corporate leasing.
- build‑to‑rent residential / serviced apartments targeting expatriates, executives and diplomatic staff.
site & planning assumptions (illustrative --- confirm with fcta/authority)
- gross site area = 9,950 sqm
- urban net developable area (after setbacks) ≈ 85--95% (example uses 90% 8,955 sqm)
- potential far (subject to zoning & approvals): conservative 4.0 --- higher density 6.0+ (confirm with planning authority)
- illustrative gfa range: 8,955 × far 4.0 = 35,820 sqm to far 6.0 = 53,730 sqm
- car parking: provision via podium levels / basement depending on approvals and final design
illustrative yield & operating scenarios (indicative examples
scenario a --- mixed‑use (retail + office + hotel)
- gfa mix example: retail 25% / office 40% / hotel & serviced apt 35%
- gfa (far 5.0, gfa ≈ 44,775 sqm): retail 11,194 sqm; office 17,910 sqm; hotel/serv apts 15,671 sqm
- hotel: 10--12 sqm per key net + back‑of‑house ~200--280 keys (depends on room size & facilities)
- indicative office achievable rent range: (market dependent) --- use local comparables to model noi
- retail yields higher per sqm with strong footfall & f&b mix; hotel revenue depends on adr, occupancy and f&b income
scenario b --- hotel & serviced apartments anchor
- gfa focused on hotel/aparthotel (e.g., 70% of total gfa) potential 250--350 rooms; f&b, event spaces drive incremental revenue.
- bot operator revenue model: room revenue + f&b + events + parking + management fees; concession length typically 20--30 years to ensure investment recovery.
scenario c --- office & retail dominant
- office gfa (40--60%) yields long‑term lease income from banks, corporates and diplomatic missions.
- retail podium captures footfall from cbd and surrounding residential catchment.
suggested bot commercial structures (examples)
- concession / leasehold bot: developer/operator invests capex and operates asset for an agreed concession term (e.g., 25 years), remits fixed rent or revenue share to owner, then transfers asset in agreed condition.
- hybrid: upfront premium (to landowner) + annual concession fee + profit share for upside; owner retains residual land interest.
- build--own--operate--transfer: developer builds, operates and transfers at end of concession; during concession developer may be permitted to retain certain operating rights or revenue share.
- jv operating spv: creation of a special purpose vehicle with owner equity, developer equity or financing partners; operating company runs asset under long‑term management contract.key bot commercial points to define in heads of terms: concession length, handback standard, maintenance obligations, insurance, permitted changes, revenue sharing, performance kpis, taxes & levies, approved use and exit/termination triggers.
documents & due diligence required
- title documents and encumbrance/clearance searches --- available to qualified parties under nda.
- site plan, boundary survey and cadastral records.
- topographic and geotechnical surveys (recommended prior to final design).
- environmental desk study and drainage/flood risk assessment.
- utility connection capacity and service point locations (power, water, sewage).
- planning / zoning guidance from fct authority and any historical approvals.
- traffic & access study (critical for retail/hotel/office operational viability).
- market studies: office, retail and hotel demand analysis, adr and rent comps.
process --- how we work (concise)
1. submit expression of interest (eoi) with company profile, proposed bot model, concession length and proof of capability/funds.
2. nda execution and baseline document pack issued to qualified parties.
3. site visit and technical briefing by appointment.
4. developer submits concept proposal + indicative commercial terms (heads of terms).
5. shortlist and negotiate commercial terms, confirm concession mechanics and prepare concession agreement / spa as applicable.
6. execute agreement, commence design, permitting and mobilisation.
technical & commercial studies to complete prior to award
1. planning pre‑application with fct authority to confirm far, setbacks and permitted uses.
2. topographic & geotechnical investigations.
3. traffic, access & parking study.
4. utility capacity & connection feasibility.
5. environmental/drainage assessment and any necessary mitigation.
6. detailed market/feasibility study (hotel demand, office take‑up, retail catchment).
7. full financial model with concession cashflows, npv and irr sensitivi...
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