3,184 Sqm Land
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Property Description
Joint Venture (JV) Opportunity Okotie Eboh Street, Ikoyi
Urgent -- Previous Developer Delaying Direct Mandate
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JV Overview
- Location: Okotie Eboh Street, Ikoyi, Lagos
- Land Size: 3,184.848 SQM
- Land Value: ₦2,000,000 per SQM (≈ ₦6.37B total land value)
- Title: To be verified (typical for Ikoyi: C of O or Governor's Consent)
- Proposal: High-rise development (12 floors) -- residential, commercial, or mixed-use
- Premium: ₦100,000,000 (payable to landowner)
- Facilitator's Fee: 10% (on deal closing)
- Status: Owner is ready to move immediately; previous selected developer is delaying.
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Key Highlights
- Prime Ikoyi Location: Okotie Eboh is a well-recognized, high-value street in central Ikoyi, ideal for a landmark development.
- Immediate Access: Inspection and meeting with the owner can be arranged the same day for serious, ready developers.
- Clear Premium: ₦100M premium is straightforward and relatively accessible for a plot of this size in Ikoyi.
- High-Rise Potential: 12 floors allows for significant density and ROI in a prestige location.
- Direct Mandate: Speaking directly with the decision-maker; no long chain of intermediaries.
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️ Development Potential
- Luxury residential tower
- Premium office complex
- Mixed-use: retail, offices, and serviced apartments
- Boutique hotel or high-end serviced suites
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JV Structure & Requirements
- Landowner provides: Land with clean title
- Developer provides: Premium (₦100M) + 100% construction funding
- Profit-sharing: To be negotiated based on agreed valuation and contributions
- Ideal Developer:
- Proof of Funds ready
- Experience in high-rise projects
- Able to move quickly to secure this exclusive opportunity
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Why This Is Time-Sensitive
- Owner is motivated and frustrated with previous delays
- Same-day inspection and meeting available
- Ikoyi plots of this size with clear JV terms are rare
- 12-floor approval potential adds significant development upside
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Next Steps for Serious Developers
1. Express interest with company profile and proof of capacity
2. Arrange immediate inspection and owner meeting
3. Present preliminary development proposal
4. Negotiate JV terms and profit-sharing structure
5. Secure with premium payment and agreement
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This is a direct, urgent JV call for a capable developer to step in and secure a prime Ikoyi high-rise opportunity.
Property Details
| Property Ref: 3337309 | Last Updated: 10 Feb 2026 | Market Status: Available |
| Type: Residential Land |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 6 months ago
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