Land Measuring 1,101.47 Sqm
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Property Description
DIRECT IKOYI BRIEF
JOINT VENTURE (JV) DEVELOPMENT OPPORTUNITY
Prime Luxury Residential Development -- Awolowo Road Corridor, Ikoyi, Lagos
OVERVIEW
A rare opportunity to participate in the development of two prime properties located within the prestigious Awolowo Road corridor, Ikoyi---one of Lagos' most sought-after luxury real estate destinations.
The offering is open to:
- Joint Venture Development (Preferred)
- Outright Investment Participation
- Lease Option (Property 2 Only)
PROPERTY DETAILS
Property 1:
Location: Awolowo Road Corridor, Ikoyi
Size: Approx. 1,100 sqm
Title : C of O
Value: ₦4,000,000,000
Property 2 (Corner Piece):
Location: Directly off Awolowo Road, Ikoyi
Size: Approx. 747 sqm
Title : C of O
Value: ₦3,000,000,000
PROPERTY DETAILS
Property 1
- Location: Awolowo Road Corridor, Ikoyi
- Size: Approx. 1,100 sqm
- Proximity: Short walk from Awolowo Road
- Value: ₦4,000,000,000
Property 2 (Corner Piece -- Premium Offering)
- Location: Directly off Awolowo Road, Ikoyi
- Size: Approx. 747 sqm
- Feature: Prime corner piece with excellent visibility and architectural advantage
- Value: ₦3,000,000,000
DEVELOPMENT CONCEPT & FEATURES
- High-rise luxury residential development
- Luxury 3--5 bedroom apartments
- Exclusive penthouses
- Smart home integration
- Multi-level / underground parking
- Swimming pool
- Gym & wellness center
- High-speed elevators
- 24/7 security & concierge
- Landscaped recreational areas
DEVELOPMENT PARAMETERS / PLANNING GUIDELINES
(Indicative, subject to Lagos State approvals)
- Zoning: Residential (High Density)
- Building Height: High-rise permissible within Ikoyi planning framework
- Plot Utilization: Optimized for maximum yield
- Setbacks & Compliance: In line with regulatory standards
LEASE OPTION (PROPERTY 2 ONLY)
- Annual Rent: ₦60,000,000
- Suitable for residential, corporate, or commercial use
EXISTING STRUCTURE (PROPERTY 2)
6 Bedrooms
2 Living Rooms
Kitchen + Store
6 Boys' Quarters (BQ) Rooms
Additional Standalone Hall
Ample Parking Space (including external parking)
DEVELOPMENT OPPORTUNITY
- High-rise luxury residential development
- Apartments, penthouses, and premium amenities
- Ideal for developers seeking high-yield Ikoyi projects
PROJECT TIMELINE (INDICATIVE)
- Design & Approvals: 4--6 months
- Construction: 18--24 months
- Completion: 24--36 months
KEY INVESTMENT HIGHLIGHTS
- Prime Ikoyi location within Awolowo Road corridor
- High demand for luxury apartments
- Strong rental yield & capital appreciation
Corner piece advantage (Property 2)
- Flexible deal structure (JV or Lease option)
- Scalable development (single or both properties)
JOINT VENTURE TERMS (SUMMARY)
- Land provided by owner
- Developer/Investor provides funding & execution
- Facilitator Fee: 10%
- Developer Premium: Applicable (negotiable)
- Profit-sharing structure: Flexible
EXPRESSION OF INTEREST (EOI)
Interested parties should submit:
- Development profile / capacity
- Preferred structure (JV / Lease / Investment)
- Evidence of similar project experience
NEXT STEPS
- Submit Expression of Interest (EOI)
- Access due diligence documents
- Schedule site inspection
- Proceed to JV/Lease negotiations
NOTE
This is a high-value, time-sensitive opportunity in one of Lagos' most exclusive real estate corridors, suitable for serious developers, investors, and corporate occupiers.
FURTHER CLARIFICATION
Please note from the above that both property 1 and property 2 are available for JV.
However, property 2 is also open for lease option at N60M per annum.
Jos
Property Details
| Property Ref: 3424198 | Last Updated: 29 Apr 2026 | Market Status: Available |
| Type: Residential Land | Total Area: 1,101 sqm | Covered Area: 747 sqm |
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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