Joint Venture Land in Oregun, Ikeja, Lagos

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) - indicative avg sale price/unit: ₦65,000,000 gdv ≈ ₦2.47b - indicative construction cost (₦300,000/sqm): 4,560 × ₦300,000 = ₦1.368b - infrastructure & professional fees (estimate): ₦180--300m - indicative total cost ≈ ₦1.55--1.67b indicative gross surplus ≈ ₦800--920m (example margin ~32--37%) 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 - avg sale price/unit ₦45,000,000 gdv ≈ ₦3.015b - construction cost: 6,080 × ₦300,000 = ₦1.824b + infra/professional ≈ ₦250--350m total ≈ ₦2.074--2.174b - indicative gross surplus ≈ ₦840--940m (margin ~28--31%) 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. recommended technical & market studies (before commitment) 1. topographic & geotechnical investigations. 2. local authority planning pre-application / zoning confirmation. 3. drainage & flood risk assessment. 4. utility connection & capacity study. 5. market & pricing validation for intended target segment. 6. high-level construction cost estimate & cashflow model. 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: sm...