Residential Joint Venture Opportunity In Oniru
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Property Description
FOR SALE: Joint Venture Opportunity for Residential Development on Oba Yesufu Abiodun Way
Property Overview:
We are pleased to offer a lucrative joint venture opportunity to develop a prime 1,600 square meter parcel of land located on Oba Yesufu Abiodun Way, Oniru, directly on the same road as the renowned City of David Church. This property is perfectly positioned for the construction of modern apartments or maisonettes, capitalizing on the growing demand for residential living in this vibrant area.
Key Features:
- Property Size:
- Total Area: 1,600 sqm
- Location:
- Strategically located on Oba Yesufu Abiodun Way, Oniru, benefiting from proximity to key landmarks, including the City of David Church.
- Documentation:
- Title: Certificate of Occupancy (C of O), ensuring secure ownership and a smooth transaction process.
- Valuation:
- Total Valuation: ₦2.2 Billion
- Premium:
- Premium: None payable by the developer, making this an attractive opportunity for potential partners.
- Profit Sharing:
- Profit Share: 50:50, allowing for equitable distribution of returns.
- Development Configuration:
- Proposed Development: 8--12 floors
- Units per Floor: 3--4 units
- Total Units: 24--48 units, catering to a diverse range of residents.
- Amenities:
- Ground-floor lobby for residents and guests
- Podium parking for convenience
- Generator house to ensure uninterrupted power supply
- Recreational deck for leisure and community activities
Investment Highlights:
This joint venture presents a unique opportunity for developers and investors to capitalize on a prime piece of real estate in a rapidly developing area. The proposed configuration and amenities are designed to meet the needs of modern urban living, promising substantial returns on investment.
Contact Information:
For further inquiries or to discuss this joint venture opportunity in detail, please contact us.
Don't miss out on the chance to be part of a promising residential development in one of Lagos's most sought-after locations!
Ref: wale
Property Details
| Property Ref: 3030984 | Last Updated: 13 Aug 2025 | Market Status: Available |
| Type: Flat / Apartment | Bedrooms: 80 |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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