Mixed-use land joint venture
Off Alexander Road, Old Ikoyi, Ikoyi, Lagos
️ *old ikoyi jv off alexander rd 4,800sqm 10-floor twin towers no premium n20bn > land value !!!*
*location:* off alexander road, old ikoyi
*land size:* 4,800 sqm prime old ikoyi
*title:* federal c of o 99 years unexpired best title
*land value:* n20bn n4.17m/sqm
*premium:* n0 zero premium
*sharing:* 40:60 owner 40% developer 60%
*proposal:*!luxurious 10-floor twin towers
*facilitator fee:*!10% = n2bn
*owner's terms*
- wants reputable construction firm --- track record in ikoyi/v.i/banana required
- no premium --- owner trades premium for speed + quality dev
99yr fed c of o --- cleanest title. -!fast approval, bank finance ready
*why this deal:*
- off alexander rd --- old ikoyi's billionaire row. neighbors: dangote, otedola
- 4,800sqm + no premium --- last big site in old ikoyi. n4.17m/sqm is entry price
- 60% to developer --- unusual. owner wants legacy project, not max profit
- twin towers 10 floors --- build - 50-60 luxury units. old ikoyi = - n1.5bn-n2.5bn per unit
*project angle:*
- build: 10-floor twin towers 4/5-bed luxury flats + penthouses
- old ikoyi comps: n1.8bn-n2.8bn per unit
- gdv potential: n90bn-n140bn dev's 60% = n54bn-n84bn
*mandatory:*
reputable firms only. evidence of pof + 10-floor+ projects delivered in lagos required. owner will verify capacity.
@iyaja_mailli...
More details
₦20,000,000,000
Temosh Global Properties Ltd
08076902396