Block 61, 951 SQM (Table Bareland) .

Joint Venture Development Opportunity -- Lekki Scheme 2 (Built-Up Area), Lagos 951 SQM C of O Title Premium: Nil Land Value: ₦200 Million Sharing: 60/40 Facilitator's Fee: 10% Property & JV Overview

• Location: Lekki Scheme 2, Opposite Fire Service (Built-up Area), Lagos.
• Plot Details: Block 61, 951 SQM (Table Bareland).
• Title: Certificate of Occupancy (C of O).
• Land Value: ₦200,000,000 (≈ ₦210,300 per SQM).
• Proposal: Open to any viable, profitable proposal from the developer.
• Sharing Formula: 60/40 (to be mutually agreed based on the development plan).
• Premium: Nil (No Premium) -- a massive financial advantage for the developer.
• Facilitator's Fee: 10% of land value (₦20 Million).
• Additional Note: A second similar JV plot (900 SQM+) is also available in the same built-up area, also without premium.

Key Highlights

• Zero Premium (Nil): This is an exceptional opportunity. The developer does not need to pay any upfront premium to the landowner, allowing 100% of the initial capital to go directly into construction and project development.
• Table Bareland: The land is flat, dry, and ready for immediate construction without the need for costly and time-consuming sand-filling.
• Strong C of O Title: Full government-issued Certificate of Occupancy ensures legal security, bankability, and a smooth path to securing building approvals.
• Built-Up Area: Located in a fully developed neighborhood in Scheme 2, ensuring immediate access to infrastructure, social amenities, and a ready rental market.
• Flexible Development Proposal: The landowner is open to ideas, allowing the developer to propose the highest and best use for maximum roi.
• Direct Mandate: Survey plans and videos are available, and the owner is ready to meet with serious developers immediately.

Development Potential Given the built-up location and lack of premium, the land is perfectly suited for:

• Residential Block of Flats: A mid-rise building of 2- and 3-bedroom apartments. High demand from workers and families in the Scheme 2 axis.
• Terrace Duplexes / Mini-Estate: A gated cluster of 4--6 modern terrace homes.
• Mixed-Use Development: Ground-floor commercial spaces with residential apartments above (subject to local zoning).
• Serviced Apartments: Targeting professionals looking for quality housing in a mature Lagos suburb.

Location Benefits -- Lekki Scheme 2

• Mature & Secure Neighborhood: Scheme 2 is a highly established residential area with schools, hospitals, markets, and places of worship.
• Excellent Connectivity: Easy access to the Lekki-Epe Expressway, linking to Ajah, Victoria Island, and Ikoyi.
• High Rental Demand: Being a built-up area means there is a constant demand for quality housing, ensuring strong rental yields and quick off-plan sales.
• Landmark Positioning: Being directly opposite the Fire Service provides easy navigation and high visibility.

Financial Structure

• Land Contribution Value: ₦200 Million.
• Premium (Upfront): Nil -- Zero upfront cost for the land.
• Developer's Role: Provide 100% of construction financing, project management, and execution.
• Profit Sharing: 60/40 -- This ratio is highly attractive and open to structuring based on the final project cost and projected sales.
• Facilitator's Fee: 10% of land value (₦20 Million), typically paid from the landowner's share upon JV execution.

Next Steps for Qualified Developers This is a highly attractive, low-risk JV structure. The owner is strictly seeking serious developers ready to move to the site. To proceed, interested developers must submit: 1. Letter of Intent (LOI) -- expressing interest and outlining your proposed development concept. 2. Company Profile -- with verifiable evidence of residential projects completed in Lagos. 3. Proof of Funds -- demonstrating the financial capacity to fund the construction phase. 4. Proposed JV Structure -- your suggested timeline and specific plan for the 60/40 split. Due Diligence & Engagement:

• Survey plans and site videos are available immediately upon request.
• A formal meeting with the landowner will be arranged for shortlisted developers to discuss terms, sign the JV agreement, and conduct a site inspection.

Lekki Scheme 2 + 951 SQM + C of O + nil Premium + 60/40 Sharing -- an outstanding, low-entry JV opportunity for serious developers. Direct Mandate -- Serious inquiries only.