1,170 SQM Well Drained Land

1,170 SQM prime residential site 20+ Luxury apartments Lekki phase 1 JV opportunity A rare opportunity to secure a substantial development site in Lekki Phase 1, one of Lagos' established premium residential corridors. Location: Lekki Phase 1 Land Area: 1,170 SQM Title: C of O Plan No.: Ls/d/la 5162 Existing Property: Old structure --- redevelopment opportunity Commercial terms Land Value: ₦1.5 Billion Owner's Premium: ₦100 Million Facilitator Fee: ₦150 Million Total Stated Acquisition/Entry Value: ₦1.75 Billion Facilitator Fee: 10% of stated land value Development Proposition The site is being positioned for a luxury apartment development comprising approximately: 20--24 units Potential product mix: Luxury 2-Bedroom Apartments Luxury 3-Bedroom Apartments Indicative concept: Ground + 4 Floors The owner's stated requirement is a minimum return of 20 flats, subject to the final Joint Venture structure and mutually agreed development terms. Indicative revenue scenario Proposed market positioning: 2-Bedroom: ₦280M--₦350M 3-Bedroom: ₦400M--₦500M Depending on the final unit mix, specifications and achievable market pricing, the proposal indicates potential gross sales in the region of: ₦6 Billion -- ₦8 billion This represents gross projected sales revenue, not net profit. Final returns should be determined after a complete development appraisal covering construction cost, professional fees, statutory charges, financing, marketing, contingency, taxes and other project expenses. Ideal capital partner This opportunity is particularly suited to:

• Established residential developers
• Private equity / real estate investment capital
• Family offices
• High-net-worth investors
• Development companies seeking Lekki Phase 1 exposure
• Diaspora investors with experienced local development partners
• Strategic JV partners with construction and project-management capacity

Due-diligence ready For qualified parties, the transaction can proceed to detailed review of: Title documentation Survey / registered plan Ownership documentation Site inspection Existing structure Planning and development parameters Proposed unit mix Development appraisal Construction budget JV structure Revenue assumptions Exit strategy All information and financial projections are subject to independent verification, legal due diligence, valuation, planning approval and commercial agreement between the parties. Location advantage Lekki Phase 1 An established premium residential district with a significant concentration of luxury homes, apartments, professionals, executives, entrepreneurs and investment properties. For the right development concept, the objective is to create a premium, marketable residential product rather than simply maximize unit count. Serious developers and qualified capital partners only. N.e.w.s Realty Limited [email protected] [email protected] WhatsApp / Call +234 8137143886 +234 8137439166