Development‑Ready JV / Sale Opportunity ---
2,077 sqm
DPK Estate, Orchid ---
C of O & Deed of Assignment
Executive summary
Attractive development site within DPK Estate, Orchid --- 2,077 sqm held with Certificate of Occupancy and Deed of Assignment.
The owner has secured drawings and statutory approvals for a ready scheme comprising 10 x 3‑bed terrace duplexes and 5 x 2‑bed terrace duplexes (total 15 units).
Land valuation: ₦900,000,000.
The owner is open to partnership structures; sharing ratio to be agreed with a credible developer.
Facilitator's fee: 10% of land value.
Quick facts
- Location: DPK Estate, Orchid
- Site area: 2,077 sqm
- Title: Certificate of Occupancy (C of O) and Deed of Assignment --- originals available for verification
- Approved scheme: 10 units --- 3‑bed terrace duplexes; 5 units ---
‑2bed terrace duplexes (drawings & approvals completed)
- Land value: ₦900,000,000 (approx. ₦433,500 / sqm)
- Sharing ratio: To be determined (owner will consider competitive developer proposals)
- Facilitator's fee: 10% of land value (₦90,000,000 based on stated valuation) --- payable as agreed in facilitator agreement
- Transaction status: Development ready --- approvals and drawings in place to accelerate mobilisation
Investment highlights
- Development‑ready plot with approvals completed --- significantly shortens pre‑construction lead time and reduces soft‑cost risk.
- Prime estate location (DPK Estate, Orchid) that appeals to owner‑occupiers and investors seeking terrace duplex product.
- Well‑sized site for low‑density, high‑quality terrace duplexes --- attractive to families and the mid‑to‑upper market.
- Clear title package (C of O + Deed of Assignment) improves bankability and facilitates legal conveyancing.
Approved development concept
- Product: Low‑rise terrace duplex development delivering quality 2‑ and 3‑bedroom units with private outdoor space.
- Unit count: 15 units total (10 x 3‑bed duplexes; 5 x 2‑bed duplexes).
- Amenities (recommended / to be refined in final design): secured parking, landscaped communal areas, perimeter security, generator/inverter provision, waste collection and service areas.
- Sales/exit strategy: sale of units to owner‑occupiers or investors; alternatively, hold for rental income depending on JV structure and developer preference.
Preferred developer profile
- Proven delivery of residential terrace/low‑rise housing schemes in Lagos or comparable markets.
- Verifiable project references and evidence of completed sales / lettings.
- Access to construction financing and ability to mobilise promptly.
- Capacity to manage statutory compliance, quality control and sales/marketing.
Documents & due diligence checklist (available / recommended)
Owner to provide:
- Original C of O and Deed of Assignment --- for inspection and verification
- Approved architectural drawings, site plan and statutory approval stamps (available)
- Survey plan and site coordinates; existing site photos
Developer to provide:
- Loi, company profile, audited accounts or proof of funds, recent project references and preliminary development proposal
Recommended technical/legal checks:
- Title verification and Lands Registry searches
- Site inspection and boundary confirmation (survey)
- Geotechnical/soils investigation if not previously commissioned (to confirm foundation design)
- Utilities and services verification: power, water, drainage, telecom and road access
- Review of approved drawings and any conditions attached to approvals
Indicative commercial summary
- Land value: ₦900,000,000 (vendor valuation)
- Facilitator's fee (10%): ₦90,000,000 (payable as agreed)
- Final sharing ratio, cost allocation, build financing and exit strategy to be agreed following submission and review of developer proposals
Process & next steps
1. Submit loi, company profile, proof of funds and a concise development proposal for initial consideration.
2. Execute nda to access full title documents, approved drawings and the approvals pack.
3. Arrange site visit and technical due diligence (survey, geotech, utilities).
4. Present detailed JV proposal (commercial terms, programme, financing and sales/marketing plan).
5. Agree Heads of Terms and conclude Joint Development Agreement or Sale Agreement as applicable; mobilise to construction.
Contact
To express interest, request the approvals pack, or schedule a site visit, please contact:[Insert contact name][Insert phone number] [Insert email]
Legal / disclaimer
Information provided by the owner/agent and is indicative. Prospective partners must undertake independent legal, technical and financial due diligence. All terms are subject to contract. Facilitator's fee (10%) is payable as agreed and is non‑negotiable unless explicitly revised in writing.
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