Residential land joint venture
Block of Flats or Maisonettes.
Joint Venture Opportunity -- Osborne Phase 2, Ikoyi, Lagos 900 SQM C of O Title Land Value: ₦2M per SQM (≈₦1.8 Billion Total) Premium: Nil Proposed: Block of Flats or Maisonettes Sharing: 50:50 Facilitator's Fee: 10% Property & JV Overview - Location: Osborne Phase 2, Ikoyi, Lagos -- one of the most prestigious and secure gated communities in Lagos. - Land Size: 900 SQM (Bare land). - Title: Certificate of Occupancy (C of O). - Land Value: ₦2,000,000 per SQM. - Total Land Value: ₦1,800,000,000 (≈ ₦1.8 Billion). - Premium: Nil (No Premium) -- a major advantage, significantly reducing the developer's upfront capital requirement. - Proposed Development: Block of flats or Maisonettes. - Sharing Ratio: 50:50 (landowner : developer). - Facilitator's Fee: 10% of land value (₦180 Million), payable upon JV agreement. - Status: Vacant land, ready for a joint venture development. Key Highlights - Prime Osborne Phase 2 Address: A highly exclusive, well-secured estate in Ikoyi, known for its serene environment, elite residents, and premium infrastructure. - No Premium Required: The absence of an upfront premium is a massive financial advantage, allowing the developer to deploy more capital directly into construction. - Clear 50:50 Sharing: A balanced and transparent partnership structure that aligns the interests of both parties. - Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security, bankability, and a smooth transaction process. - Clear Development Vision: The proposal for a block of flats or maisonettes perfectly suits the location's high-end demographic. - High Demand Area: Osborne Phase 2 consistently attracts high-net-worth tenants and buyers, ensuring strong rental yields and resale value. ️ Development Potential - Luxury Block of Flats: A modern mid-rise building (3--5 floors) with a mix of 2- and 3-bedroom high-spec apartments. - Maisonettes: A boutique development of luxury maisonettes (duplex units) offering privacy and spacious living. - Estimated Unit Count: 8--12 units (subject to design and estate density regulations). - Amenities: Ground floor parking, backup power, water treatment, gym, and 24/7 security. - Target Market: Corporate executives, expatriates, and high-net-worth families seeking premium accommodation in Ikoyi. Location Benefits -- Osborne Phase 2, Ikoyi - Exclusive Gated Estate: Controlled access with 24/7 security, paved roads, and a well-maintained environment. - Proximity to Key Areas: Minutes from Osborne Road, Ikoyi Club, Victoria Island, and Lagos Island. - Lifestyle & Convenience: Close to top schools, hospitals, fine dining restaurants, and recreational spots. - High Appreciation: Property values in Osborne Phase 2 remain highly resilient and show strong long-term capital growth. Financial Structure - Land Contribution Value: ₦1.8 Billion. - Premium (Upfront): Nil -- no initial payment required for the land from the developer. - Developer's Role: Provide 100% of construction financing, project management, and sales/letting. - Profit Sharing: 50% Landowner / 50% Developer -- after recovery of agreed development costs. - Facilitator's Fee: 10% of land value (₦180 Million), typically paid from the landowner's share upon JV execution. Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the 50:50 sharing structure and zero premium terms. 2. Company Profile -- with verifiable evidence of luxury apartment or maisonette projects completed in Ikoyi, Victoria Island, or similar prime locations. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale (construction cost estimated ₦500M -- ₦800M+). 4. Preliminary Concept Note -- initial design and timeline aligned with the block of flats or maisonettes proposal. Due Diligence: - Upon signing an nda and facilitator fee agreement, the facilitator will provide title documents, survey, and arrange a site inspection. Ideal Partner Profile: - A reputable real estate development firm with a proven track record in high-end residential projects. - Strong financial capacity and ability to fund construction without sole reliance on off-plan sales. Osborne Phase 2 JV -- 900 SQM, C of O, ₦1.8B Land Value, Nil Premium, 50:50 Sharing. A highly attractive, low-upfront-cost opportunity for serious developers. Direct mandate -- serious inquiries only.
