Development Ready 595sqm Joint Venture Opportunuty

JOINT‑VENTURE OPPORTUNITY -

Project: Joint Venture Development Opportunity
Location: Ilasan (Opposite Nicon Town), Lekki Axis, Lagos
Site Area: 595.077 sqm
Title: Government Consent (clean, ready for JV)
Premium: Nil
Price: ₦598,000,000
Facilitator Fee: 10%

Overview
An exceptional JV opportunity in the heart of the fast‑moving Lekki corridor --- a prime 595.077sqm parcel opposite Nicon Town, Ilasan. This site is tailor‑made for a medium‑density residential development targeting high‑demand market segments: young professionals, executives and families seeking quality 2--3 bedroom apartments close to commerce, schools and leisure hubs.

Proposed Development (concept)
- Blocks of 12 flats (flexible design: 2‑bed and/or 3‑bed layouts)
- Developer to propose final unit mix, typologies and height subject to approvals and site planning
- Ideal for either a single block of 12 units or two smaller blocks, depending on design and maximising yield

Why this opportunity is compelling

- Location strength: Ilasan / Lekki axis offers strong capital appreciation and consistent rental demand from professionals and expatriates --- proximity to Victoria Island, high‑end retail, schools and major road arteries.
- Strategic plot size: 595 sqm is an efficient and profitable footprint for a high‑quality condominium or boutique apartment block with parking and amenities.
- Market fit: 2/3‑bed apartments are the most sought‑after product in Lekki for both owner‑occupiers and rent‑to‑let markets.
- Title clarity: Government Consent in place --- a bankable, recognizable title that facilitates JV structuring and financing.
- Cost-effective entry: Price reflects a prime Lekki land value with JV upside for an experienced developer/operator.

Commercial Structure & Terms (flexible, negotiable)

- Joint Venture: Land owner provides site (land value = ₦598m); developer provides CAPEX, construction management and sales/marketing. Sharing formula to be mutually agreed (typical models: equity split, revenue share, fixed return + profit share).
- Premium: Nil --- no upfront premium required from developer (land value accounted in JV).
- Facilitator fee: 10% --- Exact timing and payable party to be documented in the JV Agreement.
- Due diligence: Site documents, consent and survey available for review on proof of interest and confidentiality.

Suggested development considerations (for tendering developers)

- Optimize unit mix around 2‑bed/3‑bed units to match local demand curve.
- Provide secure parking, generator/water provisions and basic estate management to command premium pricing/rents.
- Consider phased delivery or pre‑sales to de‑risk construction funding.
- Explore mortgage and developer finance options leveraging the Government Consent title.

Next steps (for serious developers / investors)

1. Submit expression of interest and proof of funds.
2. Receive due‑diligence pack (Government Consent, survey, site plan and ownership documents) under NDA.
3. Site inspection and preliminary concept meeting.
4. Negotiate JV terms, profit‑share/split and facilitator fee mechanics.
5. Execute Heads of Terms followed by a formal JV Agreement and project commencement.

Why act now
Land supply in Ilasan / Lekki is tightening while demand for well‑finished 2--3 bedroom apartments remains robust. This JV model gives developers immediate site control without upfront land acquisition cost, accelerating time to market and returns.

Contact
For full documentation, to schedule a site visit or to discuss JV/share structures, please contact us with proof of interest. Serious and qualified developers/investors only.
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