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Mixed-use land joint venture

Open Proposal Joint Venture Available with C of O at Bourdillon

Bourdillon Road, Ikoyi, Lagos
₦16,800,000,000
#344-442-2 22 Jun
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Open Proposal Joint Venture Available with C of O at Bourdillon, Bourdillon Road, Ikoyi, Lagos, Mixed-use Land Joint Venture
4,417 m² Plot size
Mixed-use Property type

About this property

*JOINT VENTURE, IKOYI*

Location: Bourdillon Road, Ikoyi

Land Size: 4,417.598sqm

Land Value: ₦3.8m/sqm

Land Title: Fed C of O

Proposal: Open

Sharing Formula: To be discussed

Premium: 1.1B

Facilitator's Fee : 10% of the land value.

Elim/Alfred

*TERMS & CONDITIONS FOR JOINT VENTURE PARTNERSHIP AT NO 50 BOURDILLON ROAD, IKOYI, LAGOS.*

Prospective partner: A proven capable financier & developer for the construction of high-density/high-rise top notch luxury apartments.

Plot size: 4417m2.

Title: Federal Government Certificate of Occupancy.

Value of the land: N4.5m per sqm

Type of Development: High density/high-rise mix of 50 units
*30 units of 4 bedroom apartment
*16 units of 5-bedroom apartments
*4 units of 5 bedroom penthouse

Height: 28 floors or more permissible by LASG building authorities but without crowding...

Architects: Paradigm/Rumis. (Developers may present their architects & designs but if both parties disagree on the designs, it will be outsourced to Paradigm/Rumis.)

Construction firm: ELALAN, Cappa & D'Alberto, etc.
In-house builders will be considered if the standard/portfolio (in Ikoyi) matches those of the preferred contractors.

Sharing formula: Developer 64%Landowner 36%

Premium: N1.3B NET

Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use).

Detailed finishing documents: landowners will provide detailed finishing documents to be applied to their units & common areas if finishing documents by the JV partner is not mutually agreed upon.

Facilitators' fee: 10% of land value (neg.)

Property details

Reference ID #344-442-2
Listed by Temosh Global Properties Ltd
Property type Mixed-use Land
Listing status Mixed-use land joint venture
Plot size 4,417 m²

Area guide — Ikoyi

Lagos

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 sop...

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 rec...

Read the full area guide for Ikoyi, Lagos

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Disclaimer

The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Temosh Global Properties Ltd. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.

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