4417 Sqm Land Available For Joint Venture
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Property Description
*JOINT VENTURE PARTNERSHIP*
*Project Location:* No. 50 Bourdillon Road, Ikoyi, Lagos
*Prospective Partner:* Proven capable financier and developer for high-density/high-rise luxury apartments
*Key Details:*
- *Plot Size:* 4417m²
- *Title:* Federal Government Certificate of Occupancy
- *Land Value:* ₦3m/m²
- *Development Type:* High-density/high-rise luxury apartments (40 units of 4-bedroom maisonettes & 6 units of 4/5-bedroom penthouses)
*Design and Construction:*
- *Architects:* Paradigm/Rumis (developers may present designs, but Paradigm/Rumis will be engaged if designs are disputed)
- *Construction Firm:* ELALAN, Cappa & D'Alberto, or in-house builders with similar standards
- *Sub-contractors:* Mutually agreed upon and selected by both parties
*Financial Terms:*
- *Sharing Formula:* Developer 65% / Landowner 35%
- *Premium:* ₦900m (paid upfront from one of the landowner's maisonettes)
- *Proof of Funds:* Bank statement or guarantee required to start and finish the project
*Additional Terms:*
- *Finishing Documents:* Landowners will provide detailed finishing documents for their units and common areas if not mutually agreed upon
- *Facilitators' Fee:* 10% of land value (negotiable)
*Partnership Opportunity:* Contact us to discuss further and explore the potential of this high-end development project.
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Property Details
| Property Ref: 2871748 | Last Updated: 21 May 2025 | Market Status: Available |
| Type: Mixed-use Land |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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Lagos, And Abuja, Nigeria
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+2348169609344
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