Residential land joint venture
Land
Joint Venture Opportunity Location: Farm City Avenue, waterfront Off Admiralty Way, Lekki Phase 1, Lagos. Land Size 12,000sqm (fenced and vacant) - Title: Certificate of Occupancy (C of O) - Land Value: ₦2.5m net Per Sqm not negotiable Proposal: - Mixed Development: Blocks of flats, 10 to 12 floors Sharing Formula: 50/50 - Premium: TBD - Facilitator's Fee: 7% net of total land value net Procedure - Letter of Intent (LOI) and Profile: Required before inspection and survey plan release Benefits of this JV - It's located in a highly sought-after, pure residential area off Admiralty Way - Excellent potential for high returns on investment (ROI).