Mixed-use land joint venture
Bourdillon Road, Ikoyi, Lagos
Ikoyi jv.
terms & conditions for joint venture partnership 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: 2281m2.
title:️ federal government certificate of occupancy.
value of the land: n2. 7m/m2.
type of development: high density/high-rise mix of 26 units of contemporary top luxury 4-bedroom maisonettes & 6 units 4/5-bedroom penthouses with modern facilities & amenities.
height: permissible by lasg building authorities but without crowding...
architects: paradigm/rumis. (developers may present their designs but if both parties disagree on the designs, it will be outsourced to paradigm/rumis. )
construction firm: elalan, cappa & d'alberto, al mansour, etc. in-house builders will be considered if the standard/portfolio (in ikoyi) matches those of the preferred grade a contractors.
sharing formula: developer 65%/landowner 35%.
premium: n600m (deductible from proceeds from the sale of one of landowners' maisonettes).
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. facilitators' fee: 10% of land value (net).
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More details
₦2,700,000
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