A Prime 3,500 SQM Development Land

Prime 3,500 SQM land for joint venture (JV) lekki phase 1, lagos Semi-direct JV opportunity serious developers only Location: Providence Road, by Lekki Town Square Mall, Lekki Phase 1, Lagos. Property Overview An exceptional joint venture development opportunity involving approximately 3,500 sqm of strategically positioned land in the highly sought-after Lekki Phase 1 corridor. The property offers frontage along the expressway and Providence Road, making it suitable for a premium residential development, subject to the relevant planning approvals. Land details

• Land Size: 3,500 sqm
• Land Value: ₦2,000,000 per sqm
• Total Indicative Land Value: ₦7,000,000,000 (₦7 Billion)
• Title: Certificate of Occupancy (C of O)
• Documentation: Survey Plan
• Location Advantage: Expressway and Providence Road frontage
• Proposed Development: Luxury Apartments, Blocks of Flats and Maisonettes
• Development Approval: Subject to planning regulations, feasibility assessment and approved architectural designs

Joint venture terms

• Landowner's Contribution: Land
• Indicative Land Value: ₦7 Billion
• Premium: Nil
• Sharing Formula: To Be Negotiated (TBD)
• Facilitator's Fee: 10% (basis and payment terms to be agreed)
• Preferred Development: Premium Residential Apartments and Maisonettes
• Developer Requirement: Experienced, reputable and financially capable developer with a verifiable track record of successful projects

Development Potential

• Strategic position within Lekki Phase 1
• Dual-road frontage offering accessibility and visibility
• Suitable for a premium residential development
• Potential for a mix of luxury flats and maisonettes
• Opportunity to structure a mutually beneficial land-for-development partnership
• Development density and configuration subject to feasibility studies and statutory approvals

Procedure for Interested Developers Interested and qualified developers are required to submit the following: 1. Letter of Intent (LOI): A formal expression of interest in the proposed joint venture. 2. Company Profile: Corporate background, completed projects, relevant development experience and verifiable track record. 3. Facilitator's Fee Undertaking: A signed letter acknowledging the proposed 10% facilitator's fee, subject to mutually agreed terms. 4. Preliminary Development Proposal: Proposed development concept, project delivery strategy and indicative JV sharing structure. 5. Financial Capability: Reasonable evidence of the developer's capacity to finance and successfully execute the project. Next steps Upon receipt and preliminary review of the required documents, qualified developers may be invited for further discussions, property inspection, due diligence and engagement with the authorised representatives of the landowner. Final JV terms, sharing ratios, development obligations and facilitator arrangements shall be subject to negotiation and formal documentation. Strictly for serious and financially capable developers. Enquiries & submissions Knight Angels Realties Limited Real Estate Investment Joint Ventures Development Advisory Principal Estate Surveyor 07038451502 (Call/WhatsApp)