993SQM Land for Prime Development Opportunity

Fresh joint venture opportunity --- Ogudu GRA, lagos A prime development opportunity is available in the highly sought-after Ogudu GRA. The landowner is open to proposals for a joint venture, subject to the stated terms. Property Details

• Location: Zone a4, Ogudu GRA, Lagos
• Land size: 933.957 sqm
• Indicative land value: ₦1,100,000 per sqm
• Total indicative land value: ₦1,027,352,700 (approximately ₦1.027 billion)
• Title: Certificate of Occupancy (C of O)
• Development proposal: Open to proposals; blocks of flats are excluded

Joint Venture Terms

• Sharing arrangement: 50/50
• Premium: ₦50,000,000 for tenant relocation and settlement
• Facilitator's fee: 10% of the land value; non-negotiable
• Fee allocation: 50% of the facilitator's fee is allocated to the landowner's first son

Based on the stated land value, the facilitator's fee is approximately ₦102,735,270, subject to confirmation and the final transaction documentation. Important Information The landowner's son is entitled to 50% of the facilitator's fee. To keep the process direct and efficient, there is no lengthy chain of intermediaries. Direct access to the lawyer handling the transaction is available. Please enquire only if you are prepared to meet the stated 10% facilitator's fee requirement. All title documents, terms, and transaction details should be independently verified and documented by the parties' legal representatives.