Joint Venture Property in Genesis Court Estate, Ajah, Lagos

Direct instruction for sale or joint venture (jv) genesis court estate phase 2, badore, ajah consolidated parcel: 831 sqm (two adjoining back-to-back plots) c of o title fully developed estate ₦166.2 million (sale) ₦200,000 per sqm 50/50 jv sharing --- property overview - location: genesis court estate, phase 2, badore, ajah, lekki, lagos. - total land size: 831 sqm (comprising two adjoining back-to-back plots: 420 sqm + 411 sqm). - title: certificate of occupancy (c of o) for each plot. - sale price: ₦166,200,000 (for consolidated parcel). - price per sqm: ₦200,000. - jv option: 50/50 profit sharing (developer funds construction; no land premium). - facilitator's fee: 10%. - status: owner available immediately; closable asap. --- key highlights - consolidated development parcel: two adjoining back-to-back plots offering a combined 831 sqm---ideal for a cohesive, medium-scale residential project. - fully developed estate: genesis court estate phase 2 is a live-in community with smart-card gate, cctv, interlock roads, drainage, estate solar lighting, 18hrs power, recreational center, and dedicated estate transformer. - strong title security: each plot has a c of o, providing bankable title for outright purchase or jv financing. - dual opportunity: purchase outright for immediate development, or partner via 50/50 jv with zero land premium---developer brings construction funding only. - immediate closeability: owner is motivated and accessible; site inspection and video available on request. --- ️ development potential (jv or direct development) - consolidated land size: 831 sqm offers flexibility for: - luxury townhouse cluster (4--6 units). - medium-density apartment block. - gated mini-estate leveraging existing estate infrastructure. - single landmark family compound with generous outdoor space. - jv terms: 50/50 sharing of completed units or sales proceeds. developer covers 100% construction costs. --- market context - pricing: at ₦200,000/sqm (₦166.2m total), this is competitively positioned for a fully serviced estate with c of o in the badore-ajah corridor. - comparables: similar estate land in this micro-location ranges from ₦180,000--₦250,000/sqm depending on title and infrastructure. - jv appeal: 50/50 sharing with zero premium is highly developer-friendly, especially with infrastructure already in place and title perfected. --- video available on request ideal for: cash buyers seeking a sizable, titled estate parcel, or developers with ready capital seeking a 50/50 partnership in a prime ajah location with immediate development potential. a consolidated 831 sqm development opportunity in a fully built-up estate---ready for immediate acti...