Exquisite 1900sqm Natural Terrain Land On Offer

Joint Venture Opportunity ---
1,900 sqm Land --- Oregun, Ikeja, Lagos
Value ₦1.5 Billion ---
Owner Seeks a Unique, Bold & Beautiful Residential Building

Premium 1,900 sqm JV Land in Oregun, Ikeja ---
Ideal for a signature residential building.
Open proposals --- Owner seeking an iconic, bold design. Indicative value ₦1.5B.
Facilitator fee 10%.

Key facts

- Location: Oregun, Ikeja, Lagos (not in an estate --- attractive natural terrain & elevated setting)
- Land size: 1,900 sqm (gross)
- Transaction: Joint Venture (open proposal) --- sale offers considered if proposed
- Indicative value: ₦1,500,000,000 (One Billion Five Hundred Million Naira)
- Premium: TBD / negotiable
- Facilitator fee: 10%
- Title & documents: To be provided / available for verification on request
- Viewings: By appointment only --- site inspections arranged for shortlisted parties

Description
Presenting a rare JV opportunity in Oregun, Ikeja: a beautiful 1,900 sqm parcel with exceptional terrain suited for a single, bold statement residential building. The owner is explicitly seeking a partner/developer who will deliver a unique, architecturally striking and high-quality residential scheme --- not a typical infill. This site is perfect for a boutique luxury apartment block, vertical villas, or an innovative mixed-luxury residence that combines standout design with premium finishes.

Offered on flexible JV terms (open proposal). Value is indicated at ₦1.5B for reference; deal structure, premium and profit-sharing are open and negotiable. Title documents and site plans will be made available to qualified parties for due diligence.

Why this asset is compelling

- Prime urban location within Ikeja's vibrant submarket --- strong demand for well-designed residential product.
- Unique topography/terrain creating opportunities for distinctive architecture (split levels, roof terraces, podium gardens).
- Compact site size ideal for a high-quality, high-margin boutique development focused on design and premium finishes.
- Owner wants a landmark building --- attractive to design-forward developers and internationally-minded architects.
- Flexible commercial structure --- open to JV proposals to align interests and maximise returns.
- Facilitator engaged (10%) to coordinate introductions and transaction management.

Illustrative development concepts (owner's brief)

- A single signature residential building (G+4 to G+8, subject to approvals) with spacious luxury units, duplex penthouses and generous communal amenities (pool, gym, sky gardens).
- Vertical-villa concept --- stacked maisonettes with private terraces and double-height living spaces.
- Boutique serviced-apartment/hotel-residence hybrid with premium F&B at podium level (subject to zoning).Design emphasis: bold, contemporary architecture; high-quality materials; green features and well-considered resident amenity spaces.

Illustrative yield & financial model (example scenarios

Site assumptions (example)

- Gross area = 1,900 sqm
- Net developable (after setbacks, open space) = 75--85% (examples use 80% 1,520 sqm)
- FAR / permitted GFA = subject to planning. Example FARs: 3.0 (mid-rise) to 4.0 (higher mid-rise). All figures illustrative.

Scenario A --- Boutique Luxury Mid-Rise (owner's preferred type)

- Net land: 1,520 sqm; FAR 3.0 GFA = 4,560 sqm
- Avg unit size (incl. circulation): 120 sqm approx. 38 units (mix 2--4 bed, duplex penthouses)


Scenario B --- Higher-Density Signature Tower

- Net land: 1,520 sqm; FAR 4.0 GFA = 6,080 sqm
- Avg unit size 90 sqm approx. 67 units
-

Scenario C --- Low-rise Luxury Townhouse Cluster (alternative)

- Use plot for townhouses or stacked villas: estimated 12--20 units depending on design
- Avg sale price/unit ₦80--120M (if large footprint & luxury finish) GDV variable (₦960M--₂.4B)
- Higher land efficiency for premium product and potential higher margin per unit.

Suggested JV structures (Examples)

- Land-as-equity: Owner contributes land; developer handles design, funding and construction. Profit split examples: 60:40 developer:owner or 70:30 (negotiable).
- Premium + profit-share: Developer pays an agreed premium to landowner at practical completion + profit share.
- Phased delivery: Start with a smaller envelope (e.g., podium + 3--4 floors) to de-risk; expand if absorption is strong.
- Build-to-hold with rental management: Joint ownership of rental asset with management fee + profit splits.
- Heads of Terms to define capex obligations, timelines, sales strategy, facilitator fees (10%) and exit mechanics.

Documents & due diligence required

- Title document (C of O/Allocation/Gov consents) --- requested and to be verified.
- Site plan and boundary survey (preferably approved plan).
- Topographic & geotechnical survey (recommended prior to final design).
- Environmental desk study / drainage assessment.
- Planning constraints / local authority zoning guidance.
- Utility capacity & connection information.
- Market study / pricing comparables (recommended).

Process (concise)

1. You tell us: preferred JV structure, development appetite (units, target market), timeline.
2. We assign a dedicated relationship manager and share preliminary documents to qualified parties.
3. Shortlist partners; arrange confidential site visits by appointment.
4. Parties agree Heads of Terms (hot stage) --- include premium, profit split, facilitator fee.
5. Carry out technical & legal due diligence, finalise JV Agreement and mobilise design & finance.



Confidentiality
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA. Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Ref: Smart