Nigeria Property Centre

Residential land joint venture

Exclusive Joint Venture Opportunity

Banana Island, Ikoyi, Lagos
₦8,500,000,000
#355-081-0 30 Jun
WhatsApp
Residential Property type

About this property

Prime Development Site -- Banana Island, Lagos An exceptional opportunity to partner in the development of one of Nigeria's most prestigious residential addresses, Banana Island, Lagos. This premium waterfront enclave presents an ideal investment for a reputable developer seeking to deliver an iconic luxury residential project. Property Highlights Location: Banana Island, Lagos Land Area: 1,700 SQM Zoning: Residential Title: Lagos State Certificate of Occupancy (LASG C of O) Land Valuation ₦8.5 Billion (Net) Price is firm and non-negotiable. Joint Venture Structure - Partnership Ratio: 50:50 (Strictly Non-Negotiable) - Premium: Nil - Development concept is open to the developer's proposal, provided it incorporates one luxury detached residence for the landowner as part of the completed project. Developer Qualification Criteria To preserve the quality and prestige of this development, only established developers with a proven track record will be considered. Prospective developers must: Demonstrate successfully completed luxury developments within Banana Island, Ikoyi, or Victoria Island. Submit a Letter of Intent (LOI) on the company's official letterhead, duly signed by a Director or other authorized executive. Clearly identify the construction company proposed to execute the project. Confirm in the loi the inclusion of one premium detached residence for the landowner. Provide a separate undertaking acknowledging the 10% agency fee based on the net land value. Agency Fee 10% of the Net Land Value Due Diligence The survey plan and supporting title documents will be made available upon request to qualified developers following initial engagement. This is a rare opportunity to secure a landmark joint venture in one of Africa's most exclusive residential communities. We welcome expressions of interest from reputable developers with the vision, capacity, and proven expertise to deliver a world-class luxury development. For confidential discussions, proposal submission, or to commence due diligence, please contact us directly.

Property details

Reference ID #355-081-0
Listed by Power Up Limited
Property type Residential Land
Listing status Residential land joint venture

Area guide — Ikoyi

Lagos

Interesting Facts

Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reput...

Leisure and Shopping

Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lu...

Popular Estates

Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vi...

Day Life

Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like...

Night Life

Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rath...

Schools

Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their childre...

Read the full area guide for Ikoyi, Lagos

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Disclaimer

The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Power Up Limited. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.

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