Development‑Ready JV / Sale Opportunity ---
962 sqm Abraham Adesanya (Lekki Scheme 2) ---
Lagos C of O
Executive summary
Rare, titled development parcel in Lekki Scheme 2 (Abraham Adesanya) with statutory approval already obtained for 12 apartments. The 962 sqm site is ideal for a developer seeking a compact, high‑yield residential project in a rapidly appreciating Lekki sub‑market. Land valuation: ₦300,000,000. Facilitator's fee: 10% of land value.
Quick facts
- Location: Abraham Adesanya, Lekki Scheme 2, Lagos
- Site area: 962 sqm
- Title: Certificate of Occupancy (C of O) --- originals available for verification
- Planning status: Approval obtained for 12 apartments (approval documents and drawings available)
- Land value: ₦300,000,000
- Facilitator's fee: 10% of land value (net)
- Transaction: JV or outright purchase considered; owner open to credible developer proposals
Investment highlights
- Positioned in Lekki Scheme 2 --- strong residential demand, improving infrastructure and attractive capital growth prospects.
- Development‑ready: statutory approvals for 12 apartments significantly reduce pre‑construction lead time and soft costs.
- Compact yet efficient site footprint suitable for a mid‑rise apartment block or high‑yield multi‑unit residential scheme.
- Clear C of O title supports bankability and simplifies legal conveyancing for financing and sale.
Approved development concept & value drivers
- Approved scheme: 12 apartments (detailed drawings and approval stamps available).
- Typical product positioning: mid‑market to upper‑mid residential units --- strong lettings and resale potential in Lekki Scheme 2.
- Value drivers: quick time‑to‑market due to approvals, desirable location, optimized unit mix and attractive amenity offering (parking, generator, security).
- Opportunity to refine unit mix or seek increased plot ratio/height subject to additional approvals and local planning consent.
Preferred developer profile
- Established developer with prior delivery of multi‑unit residential projects in Lekki or comparable Lagos neighbourhoods.
- Verifiable project references and evidence of completed sales/lettings.
- Proof of funds or committed construction finance and capacity to mobilise promptly.
- Strong project management, marketing and sales capability.
Documents & due diligence checklist (available / recommended)
Owner to provide:
- Original C of O and title documents for inspection
- Approved architectural drawings, planning approval stamps and related approval correspondence
- Survey plan and site coordinates; site photos
Developer to provide:
- Loi and company profile
- Audited accounts or proof of funds / bank financing commitment
- Recent project references and completion evidence
- High‑level concept for delivery and marketing strategy (if a JV is proposed)
Technical & legal due diligence recommended:
- Verification of C of O and Lands Registry searches for encumbrances
- Site visit and boundary confirmation (survey)
- Geotechnical/soils investigation and topography (if not already completed)
- Utilities verification (power, water, drainage, telecom) and access assessment
- Review of approvals for any conditions that may affect build programme
Indicative commercial notes
- Land value: ₦300,000,000 (vendor valuation)
- Facilitator's fee: 10% of the agreed land value (payable as agreed in facilitator agreement)
- Owner open to JV structures or outright sale; commercial sharing and financing structure to be agreed based on developer proposal and verification of costs
Procedure & next steps
1. Submit loi, company profile and proof of funds for preliminary vetting.
2. Execute nda to receive full title, approval documents and survey plan.
3. Arrange site inspection and technical due diligence.
4. Present detailed proposal (programme, funding plan, sales/letting strategy and proposed commercial terms).
5. Agree Heads of Terms and execute Joint Development Agreement or Sale Agreement; proceed to mobilisation.
Contact
To express interest, request documentation or schedule a site visit, contact:[Insert contact na
Legal / disclaimer
Information provided by the owner/agent and is indicative. Prospective purchasers/developers must undertake independent legal, technical, and financial due diligence and verify all documents and approvals before committing.
All terms are subject to contract.
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