Residential land joint venture
Genesis Court Estate, Phase 2, Badore, 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
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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.
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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.
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️ 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.
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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.
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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...
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₦166,200,000
Ac Valour International
08036503218