Residential land joint venture
Location: Maitama Sule Street, Off Awolowo Road, Ikoyi, Old Ikoyi, Ikoyi, Lagos
Direct ikoyi brief
joint venture (jv) development opportunity
prime luxury residential development -- awolowo road corridor, ikoyi, lagos
overview
a rare opportunity to participate in the development of two prime properties located within the prestigious awolowo road corridor, ikoyi---one of lagos' most sought-after luxury real estate destinations.
the offering is open to:
- joint venture development (preferred)
- outright investment participation
- lease option (property 2 only)
property details
property 1:
location: awolowo road corridor, ikoyi
size: approx. 1,100 sqm
title : c of o
value: ₦4,000,000,000
property 2 (corner piece):
location: directly off awolowo road, ikoyi
size: approx. 747 sqm
title : c of o
value: ₦3,000,000,000
property details
property 1
- location: awolowo road corridor, ikoyi
- size: approx. 1,100 sqm
- proximity: short walk from awolowo road
- value: ₦4,000,000,000
property 2 (corner piece -- premium offering)
- location: directly off awolowo road, ikoyi
- size: approx. 747 sqm
- feature: prime corner piece with excellent visibility and architectural advantage
- value: ₦3,000,000,000
development concept & features
- high-rise luxury residential development
- luxury 3--5 bedroom apartments
- exclusive penthouses
- smart home integration
- multi-level / underground parking
- swimming pool
- gym & wellness center
- high-speed elevators
- 24/7 security & concierge
- landscaped recreational areas
development parameters / planning guidelines
(indicative, subject to lagos state approvals)
- zoning: residential (high density)
- building height: high-rise permissible within ikoyi planning framework
- plot utilization: optimized for maximum yield
- setbacks & compliance: in line with regulatory standards
lease option (property 2 only)
- annual rent: ₦60,000,000
- suitable for residential, corporate, or commercial use
existing structure (property 2)
6 bedrooms
2 living rooms
kitchen + store
6 boys' quarters (bq) rooms
additional standalone hall
ample parking space (including external parking)
development opportunity
- high-rise luxury residential development
- apartments, penthouses, and premium amenities
- ideal for developers seeking high-yield ikoyi projects
project timeline (indicative)
- design & approvals: 4--6 months
- construction: 18--24 months
- completion: 24--36 months
key investment highlights
- prime ikoyi location within awolowo road corridor
- high demand for luxury apartments
- strong rental yield & capital appreciation
corner piece advantage (property 2)
- flexible deal structure (jv or lease option)
- scalable development (single or both properties)
joint venture terms (summary)
- land provided by owner
- developer/investor provides funding & execution
- facilitator fee: 10%
- developer premium: applicable (negotiable)
- profit-sharing structure: flexible
expression of interest (eoi)
interested parties should submit:
- development profile / capacity
- preferred structure (jv / lease / investment)
- evidence of similar project experience
next steps
- submit expression of interest (eoi)
- access due diligence documents
- schedule site inspection
- proceed to jv/lease negotiations
note
this is a high-value, time-sensitive opportunity in one of lagos' most exclusive real estate corridors, suitable for serious developers, investors, and corporate occupiers.
further clarification
please note from the above that both property 1 and property 2 are available for jv.
however, property 2 is also open for lease option at n60m per annum.
...
More details
₦4,000,000,000
Realtor
07058143991