Mixed-use land joint venture
A Land Measuring 966 SQM Nestled in a Highly Sought-After Estate
Closeable JV @ Gbagada Phase 2 a rectangular shaped 966.50sqm mixed use land @ Gbagada phaze 2, Lagos. Proposal: A block of 12 - 16 luxury residential flats with ground floor parking and amenities preferred. Title: C of O & registered Deed of Assignment Land Value: N1.2 billion Sharing: 50/50 Facilitators Fees: 10% of land value 1. There's premium of ₦100m, which is slightly negotiable. 2. The land value is ₦1.2b 3. The facilitator fee is 10% of land value which is non negotiable. 4. For the sharing, he suggested that the developer can do 14 units, 8 units to the developer, and 6 units to the owner. 5. He also insisted that the developer should send his loi and agency fee letter confirming the 10%, then he can now set up a meeting.