Land Measuring 500 SQM

Premium Reduced! Joint Venture Opportunity -- Off Oladimeji Alao, Lekki Phase 1, Lagos 500 SQM Demolish-able Duplex on Site Premium: ₦90 Million (Reduced) Proposed: 2 Duplexes 50:50 Sharing Facilitator's Fee: 10% Property & JV Overview

• Location: Off Oladimeji Alao, Lekki Phase 1, Lagos.
• Land Size: 500 SQM.
• Existing Structure: A demolish-able duplex currently sits on the land (ready for a clean slate).
• Title: To be verified (C of O / Governor's Consent expected).
• Premium: ₦90,000,000 (Recently reduced -- highly attractive entry point).
• Proposed Development: 2 Duplexes.
• Sharing Formula: 50:50 (landowner : developer).
• Facilitator's Fee: 10% of land value, payable upon JV agreement.
• Status: Vacant land with a removable structure, ready for partnership and immediate development.

Key Highlights

• Prime Lekki Phase 1 Address: Off Oladimeji Alao is a prestigious, quiet, and highly sought-after residential street in the heart of Phase 1, close to Admiralty Way and major hubs.
• Reduced Premium: The premium has been slashed to ₦90 Million, significantly lowering the upfront entry cost for the developer and improving overall project roi.
• Clean Slate: The existing structure is marked as "demolish-able," meaning there are no encumbrances to a fresh, modern architectural vision.
• Clear 50:50 Partnership: A transparent and equitable sharing structure that aligns the interests of both the landowner and the developer.
• High-Demand Housing Type: Duplexes in Lekki Phase 1 are consistently in high demand for both sales and premium rentals.

Development Potential

• Proposed Layout (2 Duplexes): The 500 SQM plot is perfectly sized for two well-designed, semi-detached or twin duplexes (e.g., 4-bedroom duplexes with BQs).
• Architecture: The developer can maximize the space with smart, vertical design, dedicated parking, and premium finishing.
• Target Market: High-net-worth families, corporate executives, and expatriates looking for a secure, low-density neighborhood in Lekki Phase 1.

Location Benefits -- Off Oladimeji Alao, Lekki Phase 1

• Prestige & Serenity: A low-traffic, tree-lined street with 24/7 security presence.
• Central Connectivity: Minutes from Admiralty Way, Freedom Way, Victoria Island, and Ikoyi.
• Proximity to Amenities: Close to top schools, hospitals, shopping centres, restaurants, and leisure spots.
• High Appreciation: Land and property values in Lekki Phase 1 remain highly resilient due to limited supply and unwavering demand.

Financial Structure

• Premium (Upfront): ₦90 Million (Reduced) -- payable to the landowner upon JV contract signing.
• Developer's Role: Provide 100% of construction financing, demolition of the existing structure, project management, and sales/letting.
• Profit Sharing: 50% Landowner / 50% Developer -- after recovery of agreed development costs.
• Facilitator's Fee: 10% of land value, typically paid from the landowner's share upon JV execution.

Next Steps for Qualified Developers Interested developers must submit: 1. Letter of Intent (LOI) -- confirming interest and acceptance of the ₦90M premium and 50:50 sharing structure. 2. Company Profile -- with verifiable evidence of duplex or residential projects completed in Lekki, Victoria Island, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters demonstrating capacity to fund the demolition and construction phases. 4. Preliminary Concept Note -- initial design thoughts for the 2 duplexes and an estimated timeline. Due Diligence:

• Upon signing an nda and facilitator fee agreement, the facilitator will provide title documents, survey, and arrange a site inspection (including a structural assessment of the existing building to be demolished).

Ideal Partner Profile:

• A reputable real estate development firm with a proven track record in residential projects.
• Strong financial capacity and ability to move quickly to secure a reduced-premium asset.

Lekki Phase 1 JV -- 500 SQM, Reduced ₦90M Premium, 2 Duplex Proposal, 50:50 Sharing. A highly viable, low-upfront-cost opportunity for serious developers. Direct mandate -- serious inquiries only.