Joint Venture: Joint Venture, Beside Veri Tasi Homes, Ikate Elegushi, Lekki, Lagos (Ref: 2910566)

Joint Venture

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Land joint venture in Lekki, LagosResidential Land joint venture in Lekki, LagosResidential Land joint venture in Ikate Elegushi, Lekki, Lagos
  • 2400 Parking Spaces
  • 2,400 sqm Total Area
  • 2,400 sqm Covered Area

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Property Description

Joint Venture ( Agreement )

Land Details

- Location: Beside Veri Tasi Homes Terraces, Ikate-Elegushi
- Land Size: 2400 sqm
- Land Value: ₦1.7 billion

Project Details

- Number of Units: 50 apartments + penthouses
- Timeline: 24 months

Responsibilities

- Land Owner:
- Governor consent processing and all fees
- Developer:
- Building approval processing and all fees

Payment Terms
- Buy 3 units upfront
- 50% payment upon signing, balance upon completion of foundation
- Proof of fund: ₦1.5 billion

Sharing Ratio
- Land Owner: 40%
- Developer: 60%

Signing Bonus
- ₦50 million

Penalty/Rental Income
- Penalty applies if project is not delivered within 120 days from supposed delivery date
- Rental income on each unit after grace period

Next Steps
- Preliminary drawings for the project, including site layout and typical floor plans.

Let me know if you'd like me to review or modify any part of this agreement!


Property Details

Property Ref: 2910566Last Updated: 08 Jun 2025Market Status: Available
Type: Residential LandParking Spaces: 2400Total Area: 2,400 sqm
Covered Area: 2,400 sqm      

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.

Interested in this property?

Call 0129 XXXX Show Phone
View Similar Property
Land joint venture in Lekki, LagosResidential Land joint venture in Lekki, LagosResidential Land joint venture in Ikate Elegushi, Lekki, Lagos
Disclaimer

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Ahmadbell Properties Limited

 229 Akin Olugbade Street, Victoria Island, Lagos, Nigeria

  0129 XXXX Show Phone

  08033835775

  Registered 4 years ago

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