There are 313 flats, houses, land and commercial properties joint venture in Lekki as of 16 Sep 2026. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Joint Venture Development opportunity Property Location: Off Oyibo Ajarho Street, Lekki phase 1 Land Size: 639.823 square meters The land already has a built up structure which comprise of 5 bedroom semi detached on 2 floors with 3 bedroom bungalow and 2 units of 1 bedroom self contained. Title Document: Governor's Consent with root title of C of O. Sharing formula: 50:50 Premium: 20 Million Naira (This is for relocation of the owner to another apartment during the development) The owner already has a design in mind. Proposed development: Eight (8) units of luxury apartment affording Studio apartments, 2 bedroom flat and 3 bedroom flat on three floors while the ground floor will be used as car park. Ground Floor - Car parking for minimum of 15 cars First Floor - 1 unit of 3 bedroom flat with a room Bq with closed kitchen and pantry - 1 unit of 2 bedroom flat with a room bq with open plan kitchen - 1 unit of studio apartment with open plan kitchen Second Floor - 1 unit of 3 bedroom flat with a room Bq with a closed kitchen and pantry - 1 unit of 2 bedroom flat with a room bq with an open plan kitchen - 1 unit of studio apartment with an open plan kitchen Third Floor - 2 units of 3 bedroom flat with a room bq and a study room with a closed kitchen and pantry Features and Amenities: - Security house - Water treatment plant - Facility office - Gym house - Elevator - Standby Generator - Dedicated Transformer - Smart door with code - Fully fitted kitchen Dapo
Off Oyibo Ajarho Street, Lekki, Lagos
Flowtouch Properties
Premium
₦950,000,000
Residential land joint venture
Bare Land
Joint venture opportunity -- Cowrie Creek Estate, ikate Land Size: 800 SQM Land Value: ₦950,000,000 Premium: ₦100,000,000 Net Facilitator Fee: 7% For more info: : 07080812229,08138002572 Email: [email protected]
Cowrie Creek Estate, Ikate, Lekki, Lagos
800 sqm
Royal Prince Properties
Premium
₦950,000,000
Residential land joint venture
800SQM Land
Joint venture opportunity --- Cowrie Creek Estate, ikate Location: Cowrie Creek Estate, Ikate Land Size: 800 SQM Land Value: ₦950M Premium: ₦100M net Facilitator Fee: 7% NB: This opportunity is strictly for Serious & Capable Developers with proven capacity to execute. Jami
Cowrie Creek Estate, Ikate, Lekki, Lagos
800 sqm
Henryprime
Premium
₦280,000,000
Residential land joint venture
Land Measuring 523SQM
Joint venture* Location: Buena Vista Estate, Orchid Road, Lekki, Lagos. In a call access Estate interlocked from the plot to the Estate gate Drawings, Soil test and other approvals in place Size: 523sqm Value: #280m Proposal: Two semi detached duplexes (DRAWINGS available, approval gotten ,only labsca approval remaining) Sharing: 50:50 Premium: Nil Facilitator Fee: 10% Vol 25 38
Buena Vista Estate, Orchid Road, Lekki, Lagos
523 sqm
Crestforesight Homes & Properties LTD
Premium
1
₦7,000,000,000
Mixed-use land joint venture
7-Acres Ultra-Prime Beachfront Land
7-Acres Ultra-Prime Beachfront Land The property presents a compelling opportunity for developers and investors seeking to create a landmark waterfront project with strong long-term value and premium market positioning. Ideal for: - Luxury Waterfront Estate - Ultra-Luxury Apartments & Mansions - Beach Resort / Hotel Development - Premium Mixed-Use Development - Private Beach Club - High-Value Land Banking & Investment Property Details Size: 7 Acres Title: Registered Supreme Court Judgment Land Value: ₦7 Billion Sharing Formula: 60:40 Premium: 20% of Land Value, deductible from Owners' Share Facilitators' Fee: 10% JV Proposal: Open for discussion Location: Alpha Beach, Section 3, Coastal Road, Eti-Osa, Lagos
Alpha Beach, Section 3 Coastal Road, Eti-Osa, Lekki, Lagos
Jonela Concept
ADVERTISEMENTResponsive
Premium
1
₦950,000,000
Residential land joint venture
800SQM of Premium Land
800sqm of bareland for jv in cowrie creek estate Ikate. Land value 950, premium 100m, facilitators 10%. Contact 09169725780
Cowrie Creek Estate, Ikate, Lekki, Lagos
800 sqm
Danna Properties
Premium
1
₦950,000,000
Land joint venture
Super Good Positioned 800SQM Plot of Land in Premium Environment
JV 800sqm @ Cowrier Creek Ikate Land value: #950m Premium: #100m net Facilitator fees : 7% Bo
Cowrie Creek Estate, Lekki, Lagos
Tedhol Properties LTD
Premium
2
₦1,500,000,000
Residential land joint venture
Residential Land
Alma Beach Estate, Ikate, Lekki. Joint Venture. 1,200 SQM. ₦1,500,000,000 Asking. Certificate of Occupancy. Minimum 16 Flats. Sharing Ratio Open to Proposal. Before You Read the Rest of This Listing, Read This: The Price Needs an Answer the Description Doesn't Give. The problem There's a category of Ikate JV land where two nearly identical parcels --- same size, same title type, same general corridor --- can carry wildly different asking prices, and the only way a developer finds out is by actually comparing them side by side instead of taking one listing's number at face value. Most JV land search happens the opposite way. A developer sees an address they recognize --- Alma Beach Estate, Ikate, oceanfront-adjacent --- reads a plausible unit count, and starts modelling a proposal before checking what an essentially identical footprint is trading for two streets over. That's how a developer ends up structuring an equity split against a land value that's double the market's going rate for the same size plot in the same neighborhood. This listing is 1,200sqm, Alma Beach Estate, Ikate. Certificate of Occupancy. ₦1,500,000,000 asking. A minimum of 16 flats requested. Before running a single unit-economics model, the honest first step is putting this number next to what else is trading on the exact same footprint in the same corridor right now. The agitation Here's what that comparison actually shows, and it's not subtle. A separate 1,200sqm JV parcel in Ikate --- the identical size, the identical Lagos C of O title, a 50/50 sharing structure and a 10% facilitator's fee --- is listed at ₦600,000,000. That works out to approximately ₦500,000 per sqm. A 1,000sqm parcel behind Pinnacle Marwa, Ikate, on Governor's Consent, is asking ₦650,000,000, or ₦650,000/sqm. A 1,192sqm corner piece at Itedo Estate off Freedom Way, Ikate, is asking ₦500,000,000 plus a ₦40,000,000 premium --- approximately ₦419,463/sqm all-in. A larger 3,512sqm parcel on Gbangbala Street, Ikate, sand-filled and fenced, is asking ₦650,000/sqm. This listing --- 1,200sqm at ₦1,500,000,000 --- works out to approximately ₦1,250,000 per sqm. Against four independently listed Ikate JV comparables clustering between ₦419,463 and ₦650,000 per sqm, that's not a modest premium. It's roughly double to triple the corridor's going rate on land of comparable or larger size. Is there a legitimate reason for that gap? Possibly. Alma Beach Estate specifically markets itself on proximity to the Ikate-Elegushi oceanfront, and a genuine beachfront or near-beachfront position inside a gated estate can command more than raw JV land elsewhere in Ikate. A 10,000sqm outright parcel at Alma Beach Estate, described as fenced and near the ocean front, sold for ₦700,000,000 total --- which on a per-sqm basis is actually far cheaper than this listing (≈₦70,000/sqm), though outright sale pricing on a much larger, likely undeveloped parcel isn't a clean apples-to-apples comparison against a 1,200sqm JV plot. What that comparison does confirm is that Alma Beach Estate itself isn't inherently a premium-priced address in every transaction type --- which makes the ₦1,250,000/sqm rate on this specific 1,200sqm JV parcel even harder to explain without a specific justification from the seller: exact plot position, direct beach frontage, or a stated reason this parcel differs materially from the ₦419,463--₦650,000/sqm Ikate comparables above. We're not resolving that question for you. A developer evaluating this deal should ask the agent directly, in writing, what specifically justifies this parcel's rate against the four comparables cited --- and should not proceed to a sharing-ratio proposal until that answer holds up. The solution 1,200 square metres, Alma Beach Estate, Ikate, Lekki. Certificate of Occupancy. ₦1,500,000,000 asking value. Minimum proposal: 16 flats. Sharing ratio open to developer proposal. Premium: 10% of value. Facilitator's fee: 10% of value. Here is what a developer should actually evaluate before proposing terms: A specific, checkable unit benchmark. Sixteen flats minimum on 1,200sqm gives a concrete density target to model --- verify feasible floor count and permitted density with Lagos State planning before committing to a sharing ratio, since the 16-unit figure needs to be tested against actual buildable floor area, not accepted as automatically achievable. Certificate of Occupancy. A recognized title instrument. Confirm it's a full C of O and not a lesser instrument like the Governor's Consent or Elegushi C of O seen on comparable Ikate parcels --- title type materially affects how this parcel should be valued against the comparables above. Alma Beach Estate, Ikate. A named estate address with genuine proximity to the Ikate-Elegushi oceanfront corridor --- a real locational asset, but one whose actual premium over generic Ikate JV land needs to be demonstrated with this specific parcel's exact position, not assumed from the estate name alone. Open sharing ratio. The owner hasn't fixed the equity split --- genuine room for a developer to structure a ratio around their real construction cost basis, provided the underlying land valuation used to anchor that ratio is itself defensible. Combined 20% transaction cost on a disputed base value. The 10% premium and 10% facilitator's fee are both calculated on the ₦1.5B asking value --- meaning if that base value is inflated relative to the corridor's actual going rate, the fees compound the overpayment rather than simply sitting on top of a fair number. Why the comparables matter more than the address here. A developer proposing a sharing ratio against an inflated land value effectively gives away more of the completed development's equity than the land is actually worth. Anchoring the negotiation to the ₦419,463--₦650,000/sqm range already trading in Ikate --- and asking the seller to justify anything above it --- protects the developer's actual return before a single foundation is poured. The call to action 1,200sqm. Alma Beach Estate, Ikate, Lekki. ₦1,500,000,000 asking --- well above the ₦419,463--₦650,000/sqm range currently trading on comparable Ikate JV parcels. C of O. Minimum 16 flats. Sharing ratio open to proposal. 10% premium, 10% facilitator's fee. The buyer for this parcel is a developer who will not accept the asking value at face value, and who will require the agent or owner to justify it directly against the four comparables cited above before structuring any sharing-ratio proposal. Call or WhatsApp Smilebay Realties: +234 901 517 4801 and ask specifically: what justifies this parcel's per-sqm rate against comparable Ikate JV land currently trading at less than half this price? Serious developers only. Request the specific justification for the asking price, in writing, before proposing terms. The unit count is already set at a minimum of 16. The title is stated as C of O --- confirm that in writing before anything else. The number that actually matters isn't the asking price on this page. It's whether anyone can justify the gap between it and everything else trading two streets over. Land Type: Residential Land --- Joint Venture Size: 1,200 sqm Asking Value: ₦1,500,000,000 (≈₦1,250,000/sqm --- flagged as significantly above corridor comparables; verify justification before proceeding) Proposal Requirement: Minimum 16 flats Sharing Ratio: Open --- developer to propose Title: Certificate of Occupancy (C of O) --- confirm instrument type in writing Premium: 10% of value Facilitator's Fee: 10% of value Location: Alma Beach Estate, Ikate, Lekki, Lagos (Meadow Hall axis) NPC/Market Comparable Context (Ikate JV land): 1,200sqm, Ikate, Lagos C of O, 50/50 sharing --- ₦600,000,000 (≈₦500,000/sqm) 1,000sqm, behind Pinnacle Marwa, Ikate, Governor's Consent --- ₦650,000,000 + ₦50M premium (≈₦650,000/sqm) 1,192sqm corner piece, Itedo Estate off Freedom Way, Ikate --- ₦500,000,000 + ₦40M premium (≈₦419,463/sqm) 3,512sqm, Gbangbala St, Ikate, Governor's Consent, sand-filled --- ≈₦650,000/sqm (₦2,282,800,000) 10,000sqm, Alma Beach Estate, oceanfront, outright sale --- ₦700,000,000 (≈₦70,000/sqm) This listing: 1,200sqm, Alma Beach Estate, Ikate --- ₦1,500,000,000 (≈₦1,250,000/sqm) Posted: 31 August 2026 Listed by: Smilebay Realties Limited --- Ref: #364-931-7
Meadow Hall Axis, Ikate, Lekki, Lagos
Smilebay Realties Limited
Premium
₦400,000,000
Land joint venture
Hot Premium Land of 601SQM on Offer
Hot Joint Venture Opportunity --- Igbo‑Efon, Lekki Land Value ₦400M --- 60/40 Sharing Summary Exclusive JV opportunity in Igbo‑Efon, Lekki. Owner values the land at ₦400,000,000 and proposes a 60% (owner) / 40% (developer) sharing formula. Premium: ₦10,000,000. Agency/facilitator fee: 10% (non‑negotiable). Ideal for developers who can mobilise quickly and deliver a high‑quality residential or mixed‑use scheme. Quick facts - Location: Igbo‑Efon, Lekki, Lagos - Land value (owner): ₦400,000,000 - Sharing formula: 60% --- Land Owner / 40% --- Developer (as stated) - Premium: ₦10,000,000 - Agency / Facilitator fee: 10% of land value (non‑negotiable) - Title: (To be confirmed) --- buyer to verify title status during due diligence - Availability: JV proposals invited; site inspections by appointment Investment highlights - Lekki corridor momentum: Igbo‑Efon benefits from strong demand for residential and mixed‑use developments in Lekki's growth corridor. - Clear commercial terms: owner-stated value, sharing ratio and modest premium simplify financial modelling and speed decision‑making for developers. - Suitable land size and positioning (site specifics to be confirmed) allow flexibility for mid‑rise residential, terrace developments or mixed‑use schemes depending on site configuration and approvals. Suggested development concepts - Mid‑rise residential blocks (apartments/serviced units) targeting middle‑to‑upper market. - Terrace housing cluster or gated estate for owner‑occupiers. - Low‑ to mid‑rise mixed‑use podium with retail/amenities and residential units above.(Feasibility study recommended to optimise far, unit mix and parking in compliance with Lagos planning regulations.) Preferred developer profile - Proven track record of delivery in Lekki or comparable Lagos locations with verifiable project references. - Demonstrable proof of funds or access to construction finance sufficient to mobilise upon agreement. - Strong project management capability and ability to meet agreed delivery timelines. Documents & due diligence checklist - Title documentation (C of O / allocation / Governor's Consent) --- to be provided/verified by owner and confirmed by buyer. - Survey plan and site coordinates --- confirm boundaries on site inspection. - Evidence of any statutory payments/receipts related to the plot (if applicable). - Developer to provide: Loi, company profile, audited accounts or proof of funds, project portfolio and a concise development concept. - Recommended technical/legal checks: legal searches at Lands Registry, geotechnical survey, topography, utilities availability and planning constraints review. Commercial & financial notes - Land value: ₦400,000,000 (owner valuation) - Premium payable: ₦10,000,000 (as stated) --- to be clarified in Heads of Terms - Facilitator/agency fee: 10% of land value (₦40,000,000 based on stated value) --- non‑negotiable and payable as agreed in the facilitator agreement - Final sharing of costs, build financing, marketing and exit mechanisms to be captured in the JV Agreement. Procedure / next steps 1. Submit loi, company profile and proof of funds for preliminary vetting. 2. Execute nda to access full title documents and site information. 3. Arrange site visit and technical assessments. 4. Present detailed JV proposal (programme, financing plan, sales/marketing approach and proposed delivery milestones). 5. Negotiate and sign Heads of Terms and Joint Development Agreement; mobilise per agreed milestones. Contact To express interest, request documentation or arrange a viewing, contact:[Insert contact name Legal / disclaimer Information provided by the owner/agent. Prospective JV partners must undertake independent legal, technical and financial due diligence. Title, pricing and other details to be confirmed and are subject to contract. Facilitator's fee (10%) is non‑negotiable unless expressly agreed in writing. #ed
Igbo-Efon, Lekki, Lagos
601 sqm
The Build Centre Properties
Premium
1
₦1,500,000,000
Residential land joint venture
1,200SQM of Premium Residential Land
A land measuring 1,200Sqm located at Alma Beach Estate Ikate, Lekki, Lagos State. Value: #1.5 Billion. Proposal: a minimum of 16 flats Sharing: TBD. Title: Certificate of Occupancy (C of O) Premium: 10% of the Value (Negotiable). Facilitator's fees: 10% of the Value Location: Alma Beach Estate Ikate, Lekki, Lagos State Note: For more enquiries and inspection about the Outright Sale or Joint Venture kindly contact or WhatsApp. Contact 09169725780
Alma Beach Estate, Ikate, Lekki, Lagos
1200 sqm
Danna Properties
ADVERTISEMENT750 × 120
Premium
₦1,500,000,000
Residential land joint venture
1,200SQM Residential Land
Outright sale / joint venture (Semi Direct Instruction) a land measuring 1,200Sqm located at Alma Beach Estate Ikate, Lekki, Lagos State. Value: #1.5 Billion (Asking Price) Proposal: a minimum of 16 flats Sharing: TBD. Title: Certificate of Occupancy (C of O) Premium: 10% of the Value (Negotiable). Facilitator's fees: 10% of the Value Location: Alma Beach Estate Ikate, Lekki, Lagos State Note: For more enquiries and inspection about the Outright Sale or Joint Venture kindly contact or WhatsApp.
Alma Beach Estate, Ikate, Lekki, Lagos
1200 sqm
Healthy Living Topnotch Properties
Premium
6
₦400,000,000
Land joint venture
800 SQM Land
Hottest joint venture in agungi Land Size:- About 800 sqm Location:- Agungi, Off Lekki Expressway Lagos Price 400m proposal:- Open to offers requirements for meeting: - The developer must be competent with a proven track record - Letter of Intent (LOI) - Company Profile - Proposal SlvGbkl
Agungi, Lekki, Lagos
360 Degree Properties LTD
Premium
1
₦1,200,000,000
Residential land joint venture
Residential Land
Joint venture - Chevyview Estate Cornerpiece dry bare land of 1.883Sqm for JV. Value: N1.2Bn Proposal: Block of Flats, Terraces or Semi-detached Duplexes Sharing: TBD Premium: 60M Facilitator's fees: 10% of Property Value Your prefer
Chevron Alternative, Lekki, Lagos
1883 sqm
Henryprime
Premium
₦5,600,000,000
Mixed-use land joint venture
Prime 2,000SQM Waterfront Development
CWL1730 Prime 2,000sqm waterfront development "a prime 2,000sqm waterfront development opportunity is available for a strategic Joint Venture partnership with a proven and financially capable developer/investor to deliver a landmark high-density luxury residential development in one of Lagos' most prestigious locations. The opportunity is ideally suited to an experienced development partner with the technical expertise, financial capacity, and track record required to execute a premium high-rise residential project from inception to completion. Property Details Location Lekki Phase 1, Lagos Land Size 2,000 SQM Property Type Prime Waterfront Development Land Title Federal C of O & Lagos State Governor's Consent Land Value ₦5,600,000,000 Proposed Development The proposed project is envisioned as a high-density, high-rise luxury residential development comprising premium apartments designed to meet the standards of the high-end Lekki waterfront market. The final development specifications, including: Number of floors Number and configuration of apartments Apartment types and sizes Basement/parking provision Recreational and lifestyle facilities Architectural concept Construction specifications Detailed finishing schedule will be subject to the developer's feasibility study, architectural design, planning requirements, and mutual agreement between the parties. Joint Venture Structure Proposed Sharing Formula Developer: 60% Landowner: 40% The final allocation and implementation structure will be documented in a formal Joint Venture Agreement following due diligence, feasibility studies, valuation, and agreement on the development scheme. Premium ₦360,000,000 Applicable premium and payment structure to be agreed and documented between the parties. Developer Requirements The prospective development partner is expected to demonstrate: Proven track record in high-density/high-rise luxury residential development Strong financial capacity Relevant technical and construction expertise Ability to commence and complete the proposed development Established project management capability Clear development strategy and execution plan Proof of Funds The prospective partner will be required to provide satisfactory evidence of financial capacity to commence and complete the project. Acceptable evidence may include, subject to verification: Recent bank statement Bank guarantee Confirmed financing facility Institutional funding commitment Other verifiable proof of available project financing Development & Finishing Documentation The selected developer will be expected to provide detailed documentation covering the proposed development, including: Architectural concept/design Development schedule Apartment mix Construction specifications Finishing specifications Project timeline Cost estimates Funding structure Construction methodology Project delivery plan Facilitators' Fee 10% of the land value Based on the stated land value of ₦5.6 billion, the facilitators' fee is: ₦560,000,000 Payment terms and responsibility for the facilitators' fee shall be clearly defined and agreed upon in the final transaction documentation. Ideal Development Partner This opportunity is specifically targeted at a credible, proven, and financially capable developer or development institution with the capacity to deliver a landmark luxury residential project in Lekki. The strategic waterfront location, substantial 2,000sqm land size, and premium title documentation make this an exceptional opportunity for a developer seeking a significant high-end residential project in Lagos. Commercial Summary Land Size: 2,000 SQM Location: Admiralty Way, Lekki Phase 1 Title: Federal C of O & Lagos State Governor's Consent Land Value: ₦5.6 Billion Premium: ₦360 Million Proposed Sharing: Developer 60% Landowner 40% Facilitators' Fee: 10% of Land Value Target Partner: Proven Financier & Developer All terms remain subject to satisfactory due diligence, feasibility, planning approvals, legal documentation, and execution of a mutually acceptable Joint Venture Agreement." For more Information, Pricing and Private Viewings Please Contact: Ebun: 07048089358 Lilian: 09062511340 Email: [email protected] We are Social!
Lekki Phase 1, Lekki, Lagos
C W Real Estate
Premium
₦25,000,000,000
Residential land joint venture
Waterfront Bareland
Lekki-1 joint venture opportunity Location: Farm City Avenue -Off Admiralty way Lekki Phase 1 Property Details: - Size: 12,000 sqm (fenced and vacant) - - Title: Certificate of Occupancy (C of O) - Land Value: ₦25bn Proposed Development: - Mixed Development: Blocks of flats 1) 4-5 blocks of 12-15 Floors each. 5 blocks of 10floors can be considered. 2) reliable construction company to do the actual construction. like elalan, BCL, etc. A not too popular construction company that is realible can also be considered. 3) proof of funds is important. Developer must show that they have the funds to begin and finish the project - Sharing Formula: To be discussed Terms: - Premium: ₦350 - Facilitator's Fee: 10% Note: - Profile, Letter of Intent (LOI) and facilitators fee letter Required before meeting Strategic Advantage: - Located in a highly sought-after, pure residential area off Admiralty Way - Excellent potential for high returns on investment (ROI)
Close to Farmcity Off Admiralty, Lekki Phase 1, Lekki, Lagos
12000 sqm
Royal Prince Properties
Premium
₦3,000,000,000
Residential land joint venture
Land Measuring 2000 SQM in a Very Prime Location
Closeable joint venture Location: Belavista Estate, Along Freedom way, Lekki phase 1, Lagos. Land size:- 2,000sqm Land value:#1.5m/sqm Title:- Gov Consent Premium:- #500m Proposal:- the land owner wants Teraces Sharing ratio:- 50/50 Facilitators' fee:-10% of total land value net The mandate don't want long chain The land owner prefers a capable developer that'll execute the project without delay procedure Loi, company profile, project proposal and facilitators' fee's letter, all must be written on the letter head papers of the developer's company & signed by himself alone.
Freedom Way, Lekki Phase 1, Lekki, Lagos
2000 sqm
Ire-Loni International Limited
Premium
2
₦125,000
Mixed-use land joint venture
6700SQM of Premium Bare Land
6700sqm of premium bareland in a well planned estate and secured community available for JV. Location: Greenwood park estate Abijo lekki. Ideal for commercial or major residential projects. Title: Governors consent and allocation. Price: 125k per sqm Proposal: open Premium: nil Facilitators fee: 10% net Sharing formula: to be discussed
Greenwoodpark Estate, Abijo, Lekki, Lagos
6700 sqm
Danna Properties
Premium
₦250,000,000
Land joint venture
Land
Joint Venture Opportunity for Residential Development Property Location: Royal Pine Estate, Orchid Road axis, Lekki Plot Size: 650 sqm Land Valuation: Approximately ₦250,000,000 Intended Development: 11 Units of 2 beds Sharing: TBD Designs available
Orchid Road, Lekki Phase 1, Lekki, Lagos
Zerai Properties
Premium
₦2,000,000,000
Residential land joint venture
A Land Measuring 1,265 SQM
Joint‑Venture Opportunity --- Corner Parcel at Block 143, Plot 10, Lekki Phase 1 (Semi‑Detached Neighbourhood) Overview a rare joint‑venture development opportunity on a prominent corner parcel within Lekki Phase 1. This well‑situated plot at Block 143, Plot 10 offers an attractive development footprint for a mid‑rise residential scheme comprising quality one, two and three‑bedroom apartments. The site's corner position and favourable orientation provide excellent prospects for light, ventilation, street frontage and marketable unit layouts. Property particulars - Location: Block 143, Plot 10, Lekki Phase 1 (right‑hand side corner parcel) - Site area: 1,265.07 square metres - Proposed scheme: 16 -- 18 residential units (mix of 1‑bed, 2‑bed and 3‑bed apartments) - Land value (headline): ₦2,000,000,000 (Two Billion Naira) - Vendor premium: ₦250,000,000 (Two Hundred and Fifty Million Naira) - Sharing formula: 55% to Developer : 45% to Landowner - Facilitator's fee: 10% of the land value --- payable upfront immediately upon execution of the Joint‑Venture Agreement - Corner parcel advantage: enhanced frontage, improved natural light and superior unit aspect potential. - Prime Lekki Phase 1 location: high demand neighbourhood with strong rental and capital appreciation dynamics. - Compact, highly efficient site area suitable for a high‑quality apartment cluster with communal amenities and parking. - Attractive revenue-sharing split that rewards developer execution while preserving substantial landowner interest. - Upfront facilitator fee provides clarity on transaction mechanics and demonstrates immediate financial commitment to the implementation process. Suggested commercial mechanics - Land value: ₦2,000,000,000 (to be used as the land contribution valuation within the JV SPV). - Vendor premium: ₦250,000,000 --- payable per the agreed schedule in the heads of terms or as otherwise negotiated. - Profit / equity split: Developer 55% : Landowner 45% (applied to net project proceeds after cost recovery, developer fee and agreed levies). - Facilitator's fee: 10% of land value (₦200,000,000) --- payable upfront immediately after execution of the formal JV Agreement and before commencement of construction activities. - Detailed cashflow waterfall, cost recovery, developer fee, construction financing and exit mechanics to be agreed and documented in the JV Agreement. Due diligence & prerequisites Prospective developer partners and investors should satisfy themselves by undertaking comprehensive due diligence including, but not limited to: - Confirmation and verification of title and chain of ownership (certified copies of title documents to be provided). - Site survey, boundary pegging and certified site plan. - Planning and zoning review with relevant local planning authorities; confirmation of permissible density, building height and setbacks. - Geotechnical and soil investigation report. - Utilities and infrastructure capacity check (power, water, drainage, access and sewage). - Environmental and flood‑risk appraisal (as required). - Review of any existing encumbrances, caveats or third‑party rights. - Confirmation of required statutory approvals and an indicative timeline for obtaining same. - Financial modelling and bankability assessment for construction financing. Recommended next steps 1. Interested parties to confirm preferred JV structure and provide proof of development capability / proof of funds. 2. Execution of an nda to permit release of full title documents, survey plan and any existing technical reports. 3. Site inspection with the developer's technical team present. 4. Submission of a brief developer proposal (programme, preliminary concept, indicative cost plan and funding approach). 5. Issue of draft heads of terms and negotiation of the JV Agreement, including precise payment schedule for the premium and facilitator's fee. 6. Commencement of due diligence and, subject to satisfactory findings, execution of the formal JV Agreement. Important notes - All figures and terms are indicative and subject to contract, verification of title and mutual agreement of final commercial terms. - The facilitator's fee is stated as a headline term and should be reflected in the formal heads of terms and JV documentation to ensure enforceability and clarity. - Transactional costs (legal fees, stamp duty, registration fees, taxation and agency commissions) are not included in the headline figures and shall be allocated as agreed in the JV Agreement. Contact & confidentiality For further information, to request the title pack, arrange a site viewing or to receive a draft heads of terms, please provide contact details and proof of development credentials. All sensitive documentation will be shared upon execution of a standard nda. We look forward to engaging with suitably qualified developers and investors to progress this compelling Lekki Phase 1 opportunity. #awdbuil
RHS, Lekki Phase 1, Lekki, Lagos
1265 sqm
Awodd Properties LTD
Premium
1
₦8,500,000,000
Mixed-use land joint venture
3573 SQM of Premium Land
JV Opportunity: Lekki Phase 1 Location: Providence Street, Lekki Phase 1 Land Area: 3,573 sqm Premium: No premium JV Type: Proposal -- 70% commercial and 30% residential Owner's Preference: High-rise building / mix of flats and terraces Value: ₦8.5B Contact 09169725780
Providence Street, Lekki Phase 1, Lekki, Lagos
3573 sqm
Danna Properties
Showing 41–60 of 313 properties
ADVERTISEMENTResponsive
Area Guide
About Lekki, Lagos
Lekki is a city located in the eastern part of Lagos. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast which ends at around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA.
The peninsula is approximately 70 to 80km long, with an average width of 10km. Lekki currently houses several Estates, gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone, with an airport, and a sea port under construction. The proposed land use master plan for the Lekki envisages the Peninsula as a "Blue-Green Environment City", expected to accommodate well over 3.4 million residential population and an additional non-residential population of at least 1.9 million.
There are 313 available flats, houses, land and commercial property joint venture in Lekki, Lagos. You can view and filter the list of property by price, furnishing and recency.
