Residential land joint venture
Two (2) Luxury Fully Detached Duplexes, Each with a Boys' Quarters (BQ
Urgent Joint Venture Opportunity -- Ocean Bay Estate, Orchid Road, Lagos 600 SQM Governor's Consent Land Value: ₦400 Million Proposed: 2 Luxury Detached Duplexes with Pools 50:50 Sharing Facilitator's Fee: 10% Net Property & JV Overview - Location: Ocean Bay Estate, Orchid Road, Lagos. - Land Size: 600 SQM (Bare land). - Title: Governor's Consent. - Land Value: ₦400,000,000. - Proposed Development: Two (2) Luxury Fully Detached Duplexes, each with a Boys' Quarters (BQ) and a private swimming pool. - Sharing Ratio: 50/50 (landowner : developer). - Premium: Developer will only compensate the owner for the existing foundations already on the ground (negotiable). - Facilitator's Fee: 10% Net. - Status: Urgent. The owner requires a serious developer to take up this project immediately (today or tomorrow). The "Ready-to-Build" Advantage This is an incredibly rare, fast-tracked JV opportunity. The landowner has already done the heavy lifting to ensure immediate mobilization: 1. Approvals Secured: Full building approval for the two duplexes is already in place. 2. Foundations Laid: The foundations for both structures are already on the ground. 3. Zero Levies Owed: All estate levies have been fully paid by the landowner. 4. Immediate Mobilization: The developer can move equipment to the site and begin superstructure work immediately, saving months of planning, approval delays, and initial construction costs. Key Highlights - Massive Time & Cost Savings: Because approvals are secured and foundations are already laid, the developer bypasses the most tedious and capital-intensive early phases of construction. - High-Value End Product: The proposal for two detached duplexes with BQs and private swimming pools targets the ultra-luxury market in Orchid Road, commanding premium sale or rental prices. - Strong 50:50 Partnership: A balanced sharing structure, with the developer's upfront cost drastically reduced to just compensating the owner for the existing foundations. - Prime Estate: Ocean Bay Estate is a highly secure, well-developed, and prestigious gated community. Development Potential - Two Ultra-Luxury Detached Duplexes: Spacious 4 or 5-bedroom homes (all en-suite), featuring modern architecture, private pools, and staff quarters. - Target Market: High-net-worth individuals, returning diaspora, and expatriates looking for luxury living in a secure, well-located estate on Orchid Road. Location Benefits -- Ocean Bay Estate, Orchid Road - Prestige & Security: A highly sought-after gated estate with 24/7 security and controlled access. - Excellent Connectivity: Quick access to the Lekki-Epe Expressway, linking to Ajah, Lekki Phase 1, and Victoria Island. - Lifestyle Amenities: Proximity to top schools, shopping centres (Novare Mall), hospitals, and leisure spots. - High Appreciation: Properties in Ocean Bay Estate and the Orchid corridor continue to appreciate rapidly. Financial Structure - Land Contribution Value: ₦400 Million. - Premium (Foundation Compensation): Negotiable amount based on the assessed cost of the existing foundations. - Developer's Role: Compensate for the foundations, fund the superstructure, finishing, pools, and overall project management. - Profit Sharing: 50% Landowner / 50% Developer (typically structured as one duplex each upon completion). - Facilitator's Fee: 10% Net, payable upon JV execution. Next Steps for Serious Developers This is a highly time-sensitive mandate. The owner is looking to close and start construction immediately. To proceed, interested developers must submit: 1. Letter of Intent (LOI) -- confirming your immediate capacity to take over the project. 2. Proof of Funds -- demonstrating you have the liquidity to fund the construction of the two duplexes from the current foundation level. 3. Company Profile -- with verifiable evidence of similar luxury residential projects completed. Due Diligence & Engagement: - Because of the urgency, serious developers will be granted an immediate site inspection to see the foundations and existing approvals. - A physical meeting with the landowner to agree on the foundation compensation and sign the JV agreement. Ocean Bay Estate, Orchid Road + 600 SQM + Approvals & Foundations Ready + 50:50 Sharing -- an urgent, high-yield, fast-tracked development opportunity. Direct Mandate -- Only developers ready to move to site immediately should apply.
