Joint Venture In Seagate Estate, Ikate-elegush Lekki
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Property Description
Joint Venture Development Opportunity in Seagate Estate, Ikate-Elegushi, Lekki
2,389.618 SQM Bare Land Proposed Block of Flats ₦2.5 Billion Property Value
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Property Overview
- Location: Seagate Estate, Kusenla Road, Ikate-Elegushi, Lekki, Lagos
- Land Size: 2,389.618 SQM (Surveyed and Registered)
- Proposed Development: Block of Flats
- Property Value: ₦2,500,000,000
- Facilitator's Fee: 8% of Property Value
- Title: Certificate of Occupancy (C of O)
- JV Sharing Formula: To Be Determined (TBD)
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Key Highlights
- Prime Gated Estate Location -- Situated inside Seagate Estate, a secure and well-maintained community
- Joint Venture Opportunity -- Ideal for developers or investors seeking partnership projects
- Clear Title & Surveyed -- Full C of O and survey plan (Origin: U.T.M Zone 31)
- Ready for Development -- Bare land with approved layout and infrastructure access
- High-Value Area -- Ikate-Elegushi is one of Lekki's fastest-appreciating corridors
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️ Development Proposal
- Project Type: Residential Block of Flats
- Target Market: Mid to High-Income Tenants/Buyers
- Potential Units: 12--16 Luxury Apartments (2--3 Bedrooms)
- Amenities: Rooftop, Parking, 24/7 Security, Gym
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Location Benefits
- Seagate Estate Access -- Secure, gated environment with controlled entry
- Growing Ikate-Elegushi Axis -- Rapid infrastructure development and rising demand
- Proximity to Key Destinations -- Easy access to Ajah, Lekki Phase 1, and Victoria Island
- Strong Rental & Resale Market -- High demand from young professionals and families
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JV Investment Structure
- Property Value: ₦2.5 Billion (Land Contribution)
- Facilitator's Fee: 8% (₦200 Million)
- Development Cost: To be funded by JV Partner(s)
- Profit Sharing: Negotiable (Based on Capital/Resource Input)
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Why Consider This JV?
- Scalable residential project in high-demand area
- Low-risk entry with titled land already secured
- Ideal for developers seeking turnkey partnership
- Clear path to high ROI given location and market trends
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Ideal JV Partners
- Real Estate Developers
- Construction Companies
- High-Net-Worth Investors
- Institutional Funders
- Property Investment Firms
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Next Steps for Interested Partners
Contact to:
- Review full survey and title documents
- Discuss JV structure and sharing formula
- Conduct site inspection
- Submit development and funding proposal
Serious and capable partners only. A ready-to-launch JV opportunity in one of South Lekki's most promising estates.
Property Details
| Property Ref: 3192429 | Last Updated: 09 Nov 2025 | Market Status: Available |
| Type: Mini Flat (Room and Parlour) | Bedrooms: 1 | Total Area: 2,389 sqm |
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Popular Estates
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 3 months ago
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