Land

Closeable Joint Venture Opportunity -- Off Freedom Way, Lekki Phase 1 (Gated Neighborhood), Lagos 939 SQM C of O Title Land Value: ₦1.1 Billion Premium: ₦50 Million Proposed: 17 Units (15×2-Bed & 2×3-Bed Penthouses) 55/45 Sharing Facilitator's Fee: 10% Net Property & JV Overview

• Location: Off Freedom Way, in a gated neighborhood, Lekki Phase 1, Lagos.
• Land Size: 939 SQM.
• Title: Certificate of Occupancy (C of O).
• Land Value: ₦1,100,000,000 (≈ ₦1.17 Million per SQM).
• Premium: ₦50,000,000 (payable upon JV contract signing).
• Proposed Development:
• 15 units of 2-bedroom flats.
• 2 units of 3-bedroom penthouses.
• Total: 17 premium units.
• Sharing Formula: 55/45 (typically in favor of the landowner, but open to structuring based on development costs).
• Facilitator's Fee: 10% Net of land value (₦110 Million).
• Status: Vacant land in a secure, gated community -- marked as a "Closeable" deal, indicating the owner is ready for immediate execution.

Key Highlights

• Prime Gated Neighborhood: Located off the highly desirable Freedom Way, offering the perfect blend of security, serenity, and prestige in Lekki Phase 1.
• Highly Defined Development Plan: The specific proposal for 17 units (including penthouses) maximizes the 939 SQM land size, ensuring a highly lucrative yield.
• Low Upfront Premium: The ₦50 Million premium is highly competitive for Lekki Phase 1, reducing the initial capital outlay for the developer.
• Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security and bankability.
• Closeable Mandate: The seller is motivated and ready to sign with a capable, qualified developer.

Development Potential The proposed development is a highly viable mid-rise residential project:

• Building Structure: Likely a 4- to 5-storey building to accommodate the 17 units and required parking.
• Unit Mix: 15 highly sought-after 2-bedroom flats and 2 exclusive 3-bedroom penthouses at the top floor.
• Target Market: Young professionals, expatriates, and high-net-worth individuals looking for premium, secure accommodation in Lekki Phase 1.

Location Benefits -- Off Freedom Way, Lekki Phase 1

• Gated & Secure: The neighborhood is gated, offering controlled access and 24/7 security.
• Unmatched Connectivity: Direct access to Freedom Way, linking you seamlessly to Admiralty Way, Victoria Island, Ikoyi, and the Lekki-Epe Expressway.
• High Rental Demand: The Lekki Phase 1 corridor consistently commands premium rents from top-tier tenants.
• Lifestyle Amenities: Close to high-end restaurants, supermarkets, schools, and leisure spots.

Financial Structure

• Land Contribution Value: ₦1.1 Billion.
• Premium (Upfront): ₦50 Million -- payable to the landowner upon JV contract signing.
• Developer's Role: Provide 100% of construction financing, project management, and sales/letting.
• Profit Sharing: 55% / 45% (Landowner / Developer) -- after recovery of agreed development costs.
• Facilitator's Fee: 10% Net of land value (₦110 Million), typically paid from the landowner's share upon JV execution.

Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the ₦50M premium and the 55/45 sharing structure. 2. Company Profile -- with verifiable evidence of multi-unit residential projects completed in Lekki Phase 1, Victoria Island, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters demonstrating capacity to fund the construction of 17 premium units. 4. Preliminary Concept Note -- initial design thoughts and timeline aligned with the 2-bed and penthouse proposal. Due Diligence:

• Upon signing an nda and facilitator fee agreement, the facilitator will provide title documents (C of O), survey, and arrange a site inspection for the developer to verify the plot and its surroundings.

Off Freedom Way JV -- 939 SQM, 17 Units Proposed, ₦1.1B Land Value, ₦50M Premium, 55/45 Sharing. A highly viable, closeable opportunity for serious developers. Direct mandate -- serious inquiries only.