Residential land joint venture
Seagate Estate, Spar Road, Ikate Elegushi, Lekki, Lagos, Ikate Elegushi, Lekki, Lagos
Joint venture opportunity -- seagate estate, ikate elegushi, lekki
1,548 sqm fully fenced, gated & sand-filled ₦800k per sqm total land value: ₦1.2384 billion
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property overview
- location: seagate estate, spar road, ikate elegushi, lekki, lagos
- land size: 1,548 sqm
- land value per sqm: ₦800,000
- total land value: ₦1.2384 billion
- condition: fully fenced, gated, and sand-filled -- construction ready
- proposed development: 2 blocks of residential flats
- title: to be verified (likely governor's consent / estate title)
- partnership model: joint venture (landowner + developer)
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joint venture structure
- landowner's contribution: land valued at ₦1.2384 billion
- developer's contribution: full construction financing, project management, and delivery
- ownership & profit share: negotiable (typically based on land value vs. total project cost)
- roles: landowner provides land; developer funds and builds; both share profits proportionally
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️ development proposal
- project: 2 modern residential apartment blocks
- unit mix: can be designed as 2- and 3-bedroom flats
- estimated units: 12--16 units total (6--8 per block)
- target market: mid-to-high-income tenants and buyers in lekki
- features: gated estate, 24/7 security, parking, quality finishes
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key highlights
- prime ikate elegushi location -- rapidly developing, high-demand residential corridor
- land ready for immediate development -- sand-filled, fenced, and gated reduces costs and timeline
- clear development vision -- 2 blocks of flats optimizes land use and roi
- strong rental & sales potential -- steady demand for quality flats in secure estates
- joint venture efficiency -- shared risk and resources between landowner and developer
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location benefits
- seagate estate security -- controlled access, perimeter fencing, and estate management
- proximity to key areas -- close to elegushi beach, lekki phase 1, ajah, and victoria island
- good road network -- accessible via spar road and lekki-epe expressway
- vibrant community -- growing residential and commercial activity in ikate elegushi
- lifestyle appeal -- near beaches, restaurants, schools, and shopping outlets
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investment potential
- land value: ₦1.2384 billion
- development cost: to be estimated based on construction specs
- expected roi: strong, given rental yields and sales demand in the area
- market advantage: ready-to-build land in a secured estate accelerates time-to-market
- exit options: sell units, rent out, or refinance after completion
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ideal development partner
- registered real estate developer with completed residential projects
- strong financial capacity to fund construction
- experience in joint venture partnerships
- proven track record in delivering flats/apartments
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next steps for interested developers
submit a formal proposal including:
- company profile and portfolio
- financial capability statement
- proposed jv structure and profit-sharing model
- preliminary project timeline and cost estimate
- design concept for the 2 blocks of flats
contact to arrange:
- site inspection
- title verification
- meeting with landowner
- detailed term sheet discussion
a ready-to-build jv opportunity in a premium lekki estate --- bringing land, location, and vision together for mutual benef...
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₦1,238,400,000
Ac Valour International
08036503218