1,058.725 Square Metres For Jv At Ajao Estate,lagos
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Property Description
JOINT VENTURE (JV) DEVELOPMENT OPPORTUNITY
Prime Residential Development Site -- Ajao Estate, Lagos
An exceptional Joint Venture (JV) opportunity is available within the highly sought-after Ajao Estate, Lagos. This prime property offers substantial redevelopment potential for investors and developers seeking a strategic residential project in a well-established neighborhood.
Property Overview
Existing Improvements:
6-Bedroom Detached Residential House
3-Room Boys' Quarters
Security House
Generator House
Spacious Garden and Additional Bare Land Area
Location:
Ajigade Oke Street, Ajao Estate, Lagos
Land Size:
1,058.725 Square Metres
Development Potential
The property is suitable for a high-value residential development, subject to applicable planning approvals and design considerations.
Joint Venture Structure
Open to investor proposals and negotiations
Flexible deal structure to accommodate mutually beneficial terms
Sharing formula to be determined (TBD) based on the proposed development model
Financial Highlights
Land Value: ₦700,000,000
Facilitator's Fee: 10% of the Land Value
Investment Highlights
Prime location within Ajao Estate
Large land parcel with redevelopment flexibility
Existing structures on site
Strong residential demand in the area
Attractive opportunity for developers seeking a JV arrangement rather than outright acquisition
Serious investors and developers are invited to submit proposals for consideration
Property Details
| Property Ref: 3505642 | Last Updated: 01 Jun 2026 | Market Status: Available |
| Type: Detached Duplex | Bedrooms: 6 |
Leisure and Shopping
Aswani Market is a great place to find reasonably priced items. In-store shopping, curbside pickup, and delivery are among the services available from ClothesZoo. Justrite Superstore and Pentagon Plastic Industry are other places to shop in the area.
Popular Estates
Ajao Estate is in a decent and reserved area. It is serene and has top-notch security. The roads are tarred and houses well organised. Jakande Estate, Peace Estate, Ire-Akari Estate and Ilamose Estate are other popular estates.
Day Life
Visit Aafin Alayeluwa, the Osolo of Isolo. Try out tasty homemade and local dishes at Molabat Kitchen, Africana Restaurant, or Ile Alamala. Tantalizers is available to provide fast food service for its residents.
Interesting Facts
PEFTI Film Institute, Nigeria's leading private film and television production company, had its beginnings in Isolo. Oke-Afa Memorial Arcade is a memorial park dedicated to those who lost their lives in an armoury explosion at the Ikeja military cantonment.
Night Life
Carabana Lounge is a popular hangout for locals and tourists alike. The lighting and ambiance create a sense of sleek comfort and style, which is a pleasant surprise. In addition, there is a Suya spot that is highly regarded in the area.
Schools
Laurel Schools and Mayday Schools are two great schools in Isolo, Lagos. Laurel Schools believe that every child has an innate gift/ability that is only waiting to be discovered. St Monica schools offer nursery, primary and secondary education. Headstart Private School, Penckers School, Marybene School, Masters Ville Schools, Kembos Group of Schools and Redwood Academy are also excellent.
Read the full area guide for Isolo, Lagos.
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Disclaimer
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