Mixed-Use -- Front Part for Commercial, Back Part for Residential

Closeable Joint Venture Opportunity -- Corner Piece Land on Ajose Adeogun, Victoria Island, Lagos 1,380 SQM LA with C of O Root of Title Land Value: ₦3M per SQM Premium: ₦100M Proposed: Mixed-Use (Commercial Front + Residential Back) Agency Fee: 10% Property & JV Overview

• Location: Ajose Adeogun, Victoria Island, Lagos.
• Land Size: 1,380 SQM.
• Plot Type: Corner Piece with a demolishable structure on it (ready for a fresh build).
• Title: Land Agreement (LA) with C of O Root of Title -- provides a strong chain of ownership.
• Land Value: ₦3,000,000 per SQM.
• Total Land Value: ₦4,140,000,000 (≈ ₦4.14 Billion).
• Premium: ₦100,000,000 (payable upon JV contract signing).
• Proposed Development: Mixed-Use -- Front part for commercial, back part for residential. The landowner is also open to other viable proposals.
• Agency Fee: 10% of land value (₦414 Million).
• Status: Marked as "Closeable" -- the owner is ready to execute with a serious, qualified developer.

Key Highlights

• Iconic Victoria Island Address: Ajose Adeogun is the heartbeat of Lagos's financial and corporate district, guaranteeing unmatched prestige and visibility.
• Corner Piece Advantage: The dual road frontage offers maximum visibility for the commercial component and better design flexibility for the entire project.
• Mixed-Use Zoning Potential: The proposed split (commercial frontage + residential rear) is a highly lucrative model in VI, allowing the developer to maximize revenue from both corporate tenants and high-end residents.
• Demolishable Structure: The existing building on-site can be removed, providing a clean slate to build a modern, high-yield architectural landmark.
• Flexible Landowner: While a specific mixed-use proposal is suggested, the owner is open to discussing alternative development visions that offer a high roi.

️ Development Potential

• Twin-Concept Mixed-Use Building: A ground-floor retail or corporate office space facing the main road, with luxury apartments or serviced suites tucked away at the back for privacy.
• High-End Office Complex: Grade-A office spaces with a boutique residential wing.
• Boutique Hotel / Serviced Apartments: Given the heavy corporate traffic in VI.
• Corporate Headquarters: A flagship building with private executive residences above.

Location Benefits -- Ajose Adeogun, Victoria Island

• Corporate Epicenter: Walking distance to major banks, multinational headquarters, and the Nigerian Stock Exchange.
• Proximity to Eko Atlantic: Positioned to benefit from the ongoing development of Lagos's new city.
• Unmatched Infrastructure: Reliable power, high-level security, and excellent road networks.
• High Demand: Unwavering demand for commercial space and luxury residential units in Victoria Island ensures strong rental yields and capital appreciation.

Financial Structure

• Land Contribution Value: ₦4.14 Billion.
• Premium (Upfront): ₦100 Million -- payable to the landowner upon JV contract signing.
• Developer's Role: Provide 100% of construction financing, demolition of the existing structure, project management, and sales/letting.
• Profit Sharing: To be negotiated based on the total project cost and land value.
• Agency Fee: 10% of land value, typically payable upon successful JV execution.

Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest, acceptance of the ₦100M premium, and proposed JV structure. 2. Company Profile -- with verifiable evidence of luxury high-rise or mixed-use projects completed in Victoria Island, Ikoyi, or similar prime locations. 3. Proof of Funds -- bank statements or financing letters demonstrating capacity to fund a project of this scale. 4. Preliminary Concept Note -- your development vision (either adopting the commercial/residential split proposal or presenting a higher-ROI alternative). Due Diligence:

• Upon signing an nda and Agency Fee Agreement, title documents (LA, C of O Root of Title), survey plans, and site access will be provided for verification.

Ideal Partner Profile:

• Top-tier real estate development firm with a proven track record in high-end commercial and residential projects.
• Strong financial capacity and ability to fund construction without sole reliance on off-plan sales.

A rare mixed-use JV opportunity on Ajose Adeogun, VI -- 1,380 SQM corner piece, flexible proposals, and a motivated landowner. Direct mandate -- serious, capable developers only.