Land joint venture
Residential land joint venture
2,000 SQM (Bare Land)
About this property
Joint Venture Development Opportunity -- Osapa London, Lekki, Lagos 2,000 SQM Bare Land Governor's Consent Title Land Value: ₦1M per SQM (₦2 Billion Total) Open Sharing & Premium Facilitator's Fee: 10% --- Property & JV Overview
- Location: Osapa London, Lekki, Lagos (Inside a Prime Residential Estate).
- Land Size: 2,000 SQM (Bare land).
- Title: Governor's Consent.
- Land Value: ₦1,000,000 per SQM.
- Total Proposed Land Value: ₦2,000,000,000 (₦2 Billion).
- Proposal: Open Development Proposal (Developer to suggest the highest and best use).
- Sharing Ratio: Open for discussion and mutual agreement.
- Premium: To be discussed upon engagement.
- Facilitator's Fee: 10% of the proposed land value (₦200 Million).
- Status: Direct mandate. Survey plan and video are available. The owner is ready to meet with serious developers.
--- Key Highlights
- Prime Osapa London Location: Situated in a highly sought-after, well-developed residential estate in the Lekki corridor, known for its high property value and serene environment.
- Highly Flexible JV Terms: The landowner is open to discussing the development proposal, sharing ratio, and premium. This offers a developer the rare opportunity to structure a deal that aligns perfectly with their financial model and risk profile.
- Institutional-Scale Parcel: 2,000 SQM of bare land provides ample space for a landmark development, allowing for extensive amenities and efficient construction.
- Owner Ready to Deal: The direct mandate emphasizes that the owner is available for immediate meetings, ensuring a streamlined decision-making process.
- Strong Title Security: Governor's Consent provides a solid legal foundation, ensuring a smooth path for securing building approvals and financing.
--- ️ Development Potential Because the proposal is open, the 2,000 SQM land is perfect for a developer with a strong vision. Ideal concepts include:
- Luxury Gated Estate: A master-planned community of 6--8 high-end detached or semi-detached duplexes.
- Boutique Apartment Complex: A mid-rise block of luxury 2- and 3-bedroom flats with premium shared amenities (pool, gym, etc.).
- Terrace Duplexes: A row of highly sought-after, low-maintenance luxury terrace homes.
- Mixed-Use Development: Residential apartments combined with a small commercial frontage (subject to estate zoning).
--- Location Benefits -- Osapa London, Lekki
- Prestige & Serenity: Osapa London is a well-planned residential area, highly favored by expatriates, professionals, and high-net-worth families.
- Proximity to Key Areas: Close to Lekki Phase 1, the Lekki-Epe Expressway, and the prestigious Pinnock Beach Estate.
- Access to Amenities: Surrounded by top schools, hospitals, supermarkets, and leisure spots.
- High Appreciation: Land and property values in Osapa London have shown consistent, long-term capital growth.
--- Financial Structure
- Land Contribution Value: ₦2 Billion.
- Developer's Role: Provide 100% of construction financing, project management, and execution.
- Profit Sharing: Open -- to be negotiated based on the final development cost and projected roi.
- Premium: Open -- to be agreed upon during negotiations.
- Facilitator's Fee: 10% of land value (₦200 Million), typically paid from the landowner's share upon JV execution.
--- Next Steps for Qualified Developers The landowner is strictly seeking competent, financially capable, and reputable developers with a proven track record of successfully executing similar high-value residential developments. To proceed, interested developers must submit: 1. Letter of Intent (LOI) -- expressing interest and outlining your proposed development concept. 2. Company Profile -- with verifiable evidence (photos, addresses) of similar residential projects completed. 3. Proof of Funds -- demonstrating the financial capacity to fund a development of this scale. 4. Proposed JV Structure -- your suggested sharing formula and timeline to kickstart negotiations. Due Diligence & Engagement:
- Upon signing an nda, the survey plan and site video will be shared.
- A formal meeting with the landowner will be arranged for serious developers to discuss terms and conduct a site inspection.
Osapa London + 2,000 SQM + Governor's Consent + Highly Flexible JV Terms -- a strategic, high-quality development opportunity for serious builders. Direct Mandate -- Serious, qualified developers only.
Estate facilities
Outdoor & Communal
Property details
Area guide — Lekki
Interesting Facts
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Leisure and Shopping
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Popular Estates
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Day Life
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Night Life
Ebony Lounge, Jesse Lounge, Club Mirage, Novato Night Club, and Elysium Night Club are all great places to hang out. You can also party at any of these beach clubs: Mood Beach Club, Wave Beach Club, and Moist Beach Club.
Schools
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos
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