41,158.849 SQM Land

Property Details Location: Mayegun Village, Ologolo/Jakande, Eti-Osa, Lagos Property Type: Land / Joint Venture Opportunity Land Size: 41,158.849 SQM Stated Land Value: ₦28,810,600,000 (₦28.81 Billion) Title: Certificate of Occupancy (C of O), as stated Facilitators' Fee: 10% Transaction Type: Joint Venture Sharing Formula: Not specified; subject to negotiation and agreement Zahari View This joint venture opportunity involves a substantial 41,158.849 SQM landholding in Mayegun Village, within the Ologolo/Jakande corridor of Eti-Osa, Lagos. The size of the property may appeal to established developers seeking land for an estate-style project or a phased development programme, subject to verification of the site's physical characteristics, permitted land use and applicable planning requirements. The stated land value of ₦28.81 billion provides a starting point for evaluating the proposed partnership. However, the commercial structure remains incomplete without an agreed sharing formula, a clear allocation of responsibilities and confirmation of how the 10% facilitators' fee will be calculated and paid. Prospective development partners should verify the stated C of O, establish the landowner's authority to enter into the arrangement and conduct a detailed legal, technical and financial assessment before committing capital. Property Highlights Extensive landholding of 41,158.849 SQM. Located in Mayegun Village, Ologolo/Jakande, Eti-Osa, Lagos. Stated land value of ₦28.81 billion. C of O stated as the title document. Joint venture development opportunity. Facilitators' fee of 10%, subject to clarification of the calculation basis and payment terms. Potential for estate-style or phased development, subject to approvals and feasibility. Suitable for consideration by experienced property developers and investment partners. Why This Opportunity Deserves Attention For established developers: The land area may provide scope to assess a larger development scheme that can be implemented in phases. The feasibility of any proposed estate or other project will depend on permitted land use, development density, access, infrastructure capacity and planning approvals. For investment partners: A joint venture can provide a framework for combining land and development expertise, but the parties must agree on their respective contributions, funding obligations, project governance and entitlement to completed units or sale proceeds. For long-term development strategies: The Ologolo/Jakande location may warrant further assessment against comparable developments, infrastructure conditions and local demand. A detailed feasibility study should establish whether the proposed project can support the acquisition value and associated development costs. Developer's Perspective: What to Verify Before entering into the joint venture, prospective partners should independently verify: The C of O, root of title and ownership history. The landowner's identity and legal authority to enter into the JV. Survey plan, coordinates, boundaries and confirmed land area. The precise location and physical condition of the land. Permitted land use and applicable planning regulations. Development density, building height, setbacks and other restrictions. Road access, drainage, utilities and infrastructure requirements. Existing encumbrances, third-party interests or pending litigation. The proposed project scope, development timeline and financial feasibility. The sharing formula and each party's financial or non-financial contribution. The basis for calculating the 10% facilitators' fee and who is responsible for payment. Whether the facilitators are authorised to present and facilitate the transaction. Project governance, default remedies, dispute resolution and exit provisions. All applicable legal, statutory and professional costs. Investor / Developer Note The stated land value is ₦28,810,600,000 for 41,158.849 SQM. This represents an indicative rate of approximately ₦700,000 per SQM, based on the supplied figures. The stated facilitators' fee is 10%, but its calculation basis has not been specified. If calculated on the stated land value, the fee would amount to ₦2,881,060,000 (₦2.881 billion). This is an illustrative calculation only and should not be treated as the confirmed fee or total transaction cost until the basis, payment responsibility and terms are agreed in writing. Before proceeding, prospective partners should obtain independent legal advice, verify the title and development parameters, and document the sharing formula, funding obligations, premium or fees, project responsibilities and exit arrangements in a formal joint venture agreement. For Enquiries & Inspections Contact Zahari Properties for further information and joint venture discussions. Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property and transaction details are based on information supplied for this listing and have not been independently verified. Prospective partners should confirm the title, ownership, survey boundaries, permitted land use, development potential, stated land value and facilitators' fee through independent legal, survey, valuation and planning due diligence. All commercial terms should be documented in a formal agreement before funds are committed or development begins.