930 SQM Cornerpiece of Land

Joint Venture Opportunity -- Fatai Arobieke Street, Millennium Estate, Lekki Phase 1, Lagos 930 SQM Corner Piece C of O Title Existing 5-Bed Detached House + 2-Room BQ Proposed: Terrace Duplexes Property Value: ₦2 Billion Premium: To Relocate Owner Agency Fee: 10% --- Property & JV Overview

• Location: Fatai Arobieke Street, Millennium Estate, Lekki Phase 1, Lagos.
• Land Size: 930 SQM (Corner Piece).
• Title: Certificate of Occupancy (C of O).
• Existing Structure: 5-Bedroom Detached House + 2-Room BQ.
• Proposed Development: Terrace Duplexes.
• Property Value: ₦2,000,000,000.
• Premium: To relocate owner (amount to be negotiated).
• Agency Fee: 10% of property value.
• Status: Land with existing structure, suitable for redevelopment into terrace duplexes.

--- Key Highlights

• Prime Lekki Phase 1 Location: Fatai Arobieke Street within Millennium Estate is a serene, well-developed residential area in the heart of Lekki Phase 1.
• Corner Piece Advantage: Extra frontage, natural light, and design flexibility -- ideal for terrace duplexes.
• Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security and bankability.
• Existing Structure: The current 5-bed detached house and BQ can be demolished or integrated, depending on the redevelopment plan.
• Clear Development Vision: The owner proposes terrace duplexes -- a high-demand housing type in Lekki Phase 1.
• Premium for Owner Relocation: The landowner will need to be relocated -- the premium will cover this cost (negotiable).
• Agency Fee: 10% of property value (₦200 Million), payable upon successful JV agreement.

--- ️ Development Potential

• Terrace Duplexes: A row of 4--6 luxury terrace duplexes, each with private entrance, parking, and modern amenities.
• Target Market: High-income families, professionals, and expatriates seeking quality housing in Lekki Phase 1.
• Design Considerations: Corner plot allows for dual access and possibly a small commercial frontage if zoning permits.
• Existing Structure: Could be retained as a show home or demolished to maximise the development footprint.

--- Location Benefits -- Fatai Arobieke Street, Lekki Phase 1

• Prestige & Serenity: Quiet, tree-lined street in a well-maintained estate.
• Proximity to Key Areas: Minutes from Admiralty Way, Ikoyi, Victoria Island, and major business hubs.
• Excellent Amenities: Close to schools, hospitals, shopping centres, and leisure spots.
• High Demand Area: Lekki Phase 1 properties consistently achieve premium rents and resale values.
• Secure Environment: Gated estate with 24/7 security and controlled access.

--- Financial Structure

• Property Value: ₦2,000,000,000.
• Premium: To relocate owner -- negotiable.
• Developer's Role: Provide 100% of construction financing, project management, and sales/letting.
• Profit Sharing: To be negotiated (typically based on land value vs. development cost).
• Agency Fee: 10% of property value (₦200 Million), payable upon JV execution.

--- Next Steps for Interested Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the JV structure. 2. Company Profile -- with verifiable evidence of terrace duplex or residential projects completed in Lekki, VI, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale. 4. Preliminary Concept Note -- initial design and timeline for the terrace duplex development. Due Diligence:

• Upon signing an nda and agency fee agreement, the facilitator will provide the C of O, survey, and arrange a site inspection.
• Clarify the premium for owner relocation and the status of the existing structure.

Ideal Partner Profile:

• A reputable real estate development firm with a proven track record in residential projects.
• Strong financial capacity and ability to fund construction without sole reliance on off-plan sales.

Lekki Phase 1 JV -- 930 SQM Corner Piece, C of O, 5-Bed + BQ, Terrace Duplex Proposal, ₦2B Value, 10% Agency Fee. Serious developers with capacity and track record only. Direct mandate -- serious inquiries only.