Land joint venture
Mixed-use land joint venture
A Prime 2827 SQM Mixed-Use Land Development Opportunity
About this property
Prime Mixed-Use Development joint venture (JV) opportunity Ilasan, lekki--epe expressway, lagos Serious & financially capable developers only Property Overview An exceptional joint venture development opportunity involving approximately 2,827 SQM of prime expressway-fronting land, strategically located around World Oil, Ilasan, Lekki, Lagos. The property benefits from direct frontage onto the Lekki--Epe Expressway and an existing Lagos State Government approval for a 10-storey development, making it suitable for a premium mixed-use residential and commercial project. Property Details
- Location: World Oil Axis, Ilasan, Lekki, Lagos
- Land Size: 2,827 SQM
- Land Value: ₦1,600,000 per SQM
- Total Land Valuation: ₦4,523,200,000
- Title: Governor's Consent
- Planning Status: Existing lasg approval for a 10-storey building
- Road Frontage: Directly facing Lekki--Epe Expressway
Proposed Development A luxury mixed-use development comprising:
- Premium 2-bedroom residential apartments
- Spacious 3-bedroom luxury apartments
- Exclusive penthouse residences
- Commercial and retail spaces
- Contemporary architectural design
- Premium lifestyle amenities and supporting facilities
Final development configuration is subject to the existing approval, applicable planning regulations and mutually agreed JV terms. Joint venture terms
- Land Valuation: ₦4.5232 Billion
- Premium: Nil
- Sharing Formula: 60:40 (allocation between parties to be confirmed)
- Facilitator's Fee: 8%
- Developer Requirement: Experienced, reputable and financially capable property development company
Investment Highlights
- Strategic expressway-fronting location
- Substantial 2,827 SQM development site
- Existing 10-storey building approval
- Opportunity for residential and commercial income streams
- No upfront premium
- Suitable for a landmark mixed-use development
- Located within the expanding Lekki commercial and residential corridor
Developer engagement Interested developers should be prepared to submit a formal Letter of Intent (LOI), company profile, evidence of financial capacity and a portfolio of successfully completed developments. Detailed documentation, existing building approvals and further JV discussions are available to qualified developers upon satisfactory preliminary engagement. For enquiries & JV discussions Knight Angels Realties Limited Call/WhatsApp: 07038451502
Property details
Area guide — Lekki
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Popular Estates
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Ebony Lounge, Jesse Lounge, Club Mirage, Novato Night Club, and Elysium Night Club are all great places to hang out. You can also party at any of these beach clubs: Mood Beach Club, Wave Beach Club, and Moist Beach Club.
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos
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Disclaimer
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