2,372.sqm Joint Venture On Raufu Taylor Close, Victoria Island, Lagos

VERIFIED & CLOSABLE JOINT VENTURE -- VICTORIA ISLAND
Raufu Taylor Close, Victoria Island, Lagos
2,372.472 SQM Prime Dry Land Land Value: ₦4 Billion
No Premium 50/50 Sharing Ratio Facilitator Fee Negotiable

---

JV Opportunity Overview

- Location: Raufu Taylor Close, Victoria Island, Lagos -- a quiet, well-positioned residential street within Lagos's most established island, offering proximity to commercial hubs, embassies, and amenities.
- Land Size: 2,372.472 SQM.
- Land Value: ₦4,000,000,000.
- Price per SQM: ₦1,686,000 (approx.).
- Premium: NIL -- no upfront payment to landowner.
- Sharing Formula: 50/50 between landowner and developer.
- Facilitator Fee: Subject to negotiation.
- Status: Prime dry land, verified and closable, ready for immediate JV engagement.

---

Key Highlights

- Prime Victoria Island Address: Raufu Taylor Close offers the prestige of VI living with tranquility and security, yet remains accessible to the island's commercial and social hubs.
- Substantial Scale: 2,372 SQM provides exceptional flexibility for a landmark residential or mixed-use development -- rare in built-up Victoria Island.
- No Premium Entry: Zero upfront payment to landowner significantly lowers the developer's initial capital requirement -- a highly attractive JV term.
- Balanced Sharing: 50/50 is a fair and equitable split, incentivizing quality development while rewarding landowner contribution.
- Verified & Closable: This is a serious, vetted opportunity with a clear path to closure for the right developer.
- Dry Land Advantage: No demolition or filling required -- construction can commence immediately upon JV finalization.

---

️ Development Potential

2,372 SQM on Victoria Island is ideal for:

Residential Options:

- Luxury Apartment Block: 20--30 high-end flats across 5--6 floors.
- Terrace Duplex Cluster: 8--12 luxury terrace units.
- Gated Mini-Estate: 5--7 detached or semi-detached villas.

Mixed-Use Options:

- Boutique Hotel: 50--60 rooms with amenities.
- Mixed-Use Complex: Ground-floor retail/offices + residential above.
- Corporate Guest House: Executive accommodation for multinationals.

---

Market Context

Metric Value
Land Size 2,372.472 SQM
Land Value ₦4,000,000,000
Per SQM Valuation ₦1,686,000
Market Range (VI) ₦1.5M--₦2.5M/SQM
JV Sharing 50/50
Premium NIL

- Per SQM Benchmark: Victoria Island land with good title typically ranges from ₦1.5M--₦2.5M/SQM depending on exact location and plot characteristics. At ₦1.686M/SQM valuation, this is competitively positioned.
- No Premium Advantage: Most VI JVs require a premium payment. This zero-premium structure is rare and developer-friendly.
- Scarcity Factor: Parcels of this size in Victoria Island are increasingly rare -- most have been developed or subdivided.

---

Requirements from Prospective Developers

Reputable companies should submit the following documents, all written and signed by the developer:

1. Viable Letter of Intent (LOI) -- Formal expression of interest and capacity.
2. Company Profile -- Track record, portfolio, and experience in luxury developments.
3. Development Proposal -- Preliminary concept, unit mix, architectural vision, financial projections.
4. Facilitator's Letter -- Acknowledgment and agreement of facilitator fee terms.

---

Ideal For: Established developers with proven track records seeking a prime Victoria Island JV opportunity with zero premium and a balanced 50/50 sharing structure.

A verified, closable 2,372 SQM JV on Victoria Island -- ready for serious developer engagement.