Luxury Flats of 2-Bedroom and 3-Bedroom Units

Waterfront Joint Venture Opportunity -- 15 Wole Olateju Crescent, Off Admiralty Way, Lekki Phase 1, Lagos 1,556.508 SQM Land Value: ₦3 Billion Proposed: Luxury 2 & 3 Bed Flats 50:50 Sharing Facilitator's Fee: 10% Property & JV Overview

• Location: 15 Wole Olateju Crescent, Off Admiralty Way, Lekki Phase 1, Lagos.
• Land Size: 1,556.508 SQM.
• Title: To be verified (C of O / Governor's Consent expected for Lekki Phase 1).
• Land Valuation: ₦3,000,000,000 (≈ ₦1.927 Million per SQM).
• Proposed Development: Luxury flats of 2-bedroom and 3-bedroom units.
• Sharing Formula: 50:50 (landowner : developer).
• Facilitator's Fee: 10% of land value (₦300 Million), payable upon JV agreement.
• Status: Waterfront land in a highly prestigious location, ready for a joint venture development.

Key Highlights

• Premium Waterfront Location: Wole Olateju Crescent is an exclusive, serene street off Admiralty Way, offering direct waterfront access and scenic lagoon views.
• Lekki Phase 1 Prestige: One of Lagos's most sought-after residential districts, known for luxury living, security, and high rental demand.
• Clear Development Vision: The proposal for luxury 2- and 3-bedroom flats perfectly aligns with the high-end market in this area.
• Balanced 50:50 Sharing: A transparent and equitable partnership structure that aligns the interests of both the landowner and the developer.
• Strong Investment Value: The land valuation of ₦3 Billion reflects the premium nature of the waterfront location and the high potential for returns on a luxury residential development.

️ Development Potential

• Luxury Apartment Block: A modern mid-rise building (4--6 floors) comprising high-spec 2- and 3-bedroom flats.
• Waterfront Amenities: Potential for units with lagoon views, landscaped gardens, a pool, and recreational areas.
• Estimated Unit Count: 20--30 flats (subject to design, density regulations, and estate guidelines).
• Infrastructure: Ground-floor parking, luxury lobby, backup power, water treatment, and 24/7 security.
• Target Market: High-net-worth individuals, corporate executives, expatriates, and families seeking upscale waterfront living.

Location Benefits -- Off Admiralty Way, Lekki Phase 1

• Waterfront Serenity: Quiet, tree-lined street with exclusive lagoon access and scenic views.
• Proximity to Admiralty Way: One of Lekki's main arteries -- easy access to banks, restaurants, shopping centres, and commercial hubs.
• Central Connectivity: Minutes from Victoria Island, Ikoyi, and the Lekki-Epe Expressway.
• High Demand Area: Lekki Phase 1 consistently attracts premium tenants and buyers, ensuring strong rental and resale value.
• Secure Environment: 24/7 security, well-maintained roads, and quality infrastructure.

Financial Structure

• Land Contribution Value: ₦3 Billion.
• Developer's Role: Provide 100% of construction financing, project management, and sales/letting.
• Profit Sharing: 50% Landowner / 50% Developer -- after recovery of agreed development costs.
• Facilitator's Fee: 10% of land value (₦300 Million), 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 50:50 sharing structure. 2. Company Profile -- with verifiable evidence of luxury apartment projects completed in Lekki Phase 1, Victoria Island, or Ikoyi. 3. Proof of Funds -- bank statements or financing letters showing capacity for a project of this scale (estimated construction cost ₦1.5B -- ₦2.5B+). 4. Preliminary Concept Note -- initial design and timeline aligned with the luxury 2- and 3-bedroom flats proposal. Due Diligence:

• Upon signing an nda and facilitator fee agreement, the facilitator will provide title documents, survey, and arrange a site inspection.
• Waterfront status and access rights to be verified.

Ideal Partner Profile:

• A reputable real estate development firm with a proven track record in luxury residential projects.
• Strong financial capacity and ability to fund construction without sole reliance on off-plan sales.

Lekki Phase 1 Waterfront JV -- 1,556.508 SQM, Land Value ₦3B, 50:50 Sharing, 10% Facilitator Fee. A highly lucrative, premium opportunity for serious developers. Direct mandate -- serious inquiries only.