Commercial land joint venture
1500 SQM Land
Outright Sale or Joint Venture Opportunity -- Prime Land (Location: Sangotedo/Lekki Axis) 1,500 SQM Global C of O & Registered Survey JV: 60/40 Developer-Favoured Premium: ₦50M (Negotiable) Property Overview - Location: (As previously detailed: Facing Monastery Road beside ShopRite, Sangotedo, Lagos). - Land Size: 1,500 SQM. - Title: Global Certificate of Occupancy (C of O) & Registered Survey Plan. - Deal Structure: Joint Venture (JV). - Status: Vacant, titled land, ready for immediate development or partnership. Joint Venture (JV) Terms - Sharing Formula: 60% Developer / 40% Landowner -- a highly attractive, developer-favourable structure that rewards the party taking on the construction risk. - Premium: ₦50,000,000 (Subject to negotiation) -- payable upon JV contract signing. - Building Type: TBD (To Be Determined) -- open to the developer's proposed highest and best use. - Facilitator's Fee: 10% of the property worth. Key Highlights - Developer-Favoured JV: The 60/40 split in favour of the developer is rare and makes this an exceptionally lucrative partnership opportunity. low-upfront JV via a ₦50M premium. - Strong Title Security: A Global C of O backed by a Registered Survey Plan ensures a secure legal foundation for either transaction type. - Flexible Terms: The ₦50M premium is negotiable, and the building type is open to discussion, allowing you to tailor the project to market demands. - High-Growth Corridor: Situated in the Sangotedo/Ajah axis, benefiting from massive commercial and residential development. Development Potential (Building Type TBD) Given the location's high traffic and commercial viability, ideal proposals include: - Mixed-Use Development: Ground-floor retail or F&B with luxury apartments above. - Residential Block of Flats: High-density, high-yield apartments to meet regional housing demand. - Commercial Plaza / Office Complex: Capitalising on the busy road frontage. - Hospitality: Boutique hotel or serviced apartments. Location Benefits - Unmatched Commercial Visibility: Proximity to major retail anchors (like ShopRite) and direct road frontage ensures high footfall. - Excellent Connectivity: Easy access to the Lekki-Epe Expressway, linking to Ajah, Lekki Phase 1, and Victoria Island. - Rapidly Appreciating Area: Ongoing infrastructure and population growth in Sangotedo ensure long-term capital gains. - Secure Neighbourhood: Surrounded by established estates and commercial hubs. Option 2: Joint Venture (JV) - Landowner's Contribution: Land (Valued at ₦450M). - Developer's Contribution: 100% of construction financing. - Premium: ₦50M (Negotiable) -- payable at contract signing. - Profit Sharing: 60% Developer / 40% Landowner. - Facilitator's Fee: 10% of land value. For JV Partnership: Submit the following: 1. Letter of Intent (LOI) -- confirming acceptance of the 60/40 structure and premium. 2. Company Profile -- with verifiable evidence of successful residential or commercial projects. 3. Proof of Funds -- demonstrating capacity to fund the construction phase. 4. Preliminary Concept Note -- your proposed "Building Type" and development vision for the site. Due Diligence: - Upon execution of an nda and Facilitator Fee Agreement, all title documents (Global C of O, Registered Survey) will be provided, and a site inspection will be arranged. A rare developer-favoured 60/40 JV with strong titles. Serious buyers and developers only.