Residential land joint venture
Alexander, Ikoyi, Lagos
Joint venture
jv available in old ikoyi
location: off alexander road, old ikoyi
land size: 4,800 sqm prime old ikoyi
title: federal c of o 99 years unexpired best title
land value: n20bn n4.17m/sqm
premium: n0 zero premium
sharing: 40:60 owner 40% developer 60%
proposal:!luxurious 10-floor twin towers
facilitator fee:!10% = n2bn
owner's terms
- wants reputable construction firm --- track record in ikoyi/v.i/banana required
- no premium --- owner trades premium for speed + quality dev
99yr fed c of o --- cleanest title. -!fast approval, bank finance ready
why this deal:
- off alexander rd --- old ikoyi's billionaire row. neighbors: dangote, otedola
- 4,800sqm + no premium --- last big site in old ikoyi. n4.17m/sqm is entry price
- 60% to developer --- unusual. owner wants legacy project, not max profit
- twin towers 10 floors --- build - 50-60 luxury units. old ikoyi = - n1.5bn-n2.5bn per unit
project angle:
- build: 10-floor twin towers 4/5-bed luxury flats + penthouses
- old ikoyi comps: n1.8bn-n2.8bn per unit
- gdv potential: n90bn-n140bn dev's 60% = n54bn-n84bn
mandatory:
reputable firms only. evidence of pof + 10-floor+ projects delivered in lagos required. owner will verify capacity.
for more info contact
call: 07080812229,08138002572
email: royalprinceproperties4@gmail....
More details
₦4,170,000
Royal Prince Properties
08138002572