JV / Sale Opportunity ---
2,350 sqm Off Ligali Ayorinde (By Lagoon Hospital),
Victoria Island ---
Lagos C of O
Executive summary
Prime 2,350 sqm plot on Off Ligali Ayorinde adjacent to Lagoon Hospital --- attractive for a maisonette‑style residential development of .9--10 floors (proposal).
Title: Lagos C of O.
Owner's land valuation: ₦7,000,000,000.
Owner is open to a 50:50 joint‑venture sharing formula.
Facilitator fee: 10% (slightly negotiable to 8.5% max).
Quick facts
- Location: Off Ligali Ayorinde, by Lagoon Hospital, Victoria Island, Lagos
- Site area: 2,350 sqm
- Title: Lagos Certificate of Occupancy (C of O) --- originals available for verification
- Proposed development: Maisonette / residential scheme --- indicative 9--10 floors (subject to design and statutory approvals)
- Land value (owner): ₦7,000,000,000 (approx. ₦2,978,700 / sqm)
- Sharing formula: 50% Owner / 50% Developer (owner preference)
- Facilitator fee: 10% of land value (negotiable down to 8.5% maximum)
- Availability: JV proposals and purchase enquiries welcome; viewings by appointment
Investment highlights
- Premier Victoria Island address near medical, corporate and lifestyle amenities --- strong demand for quality residential product.
- Flexible commercial structure (50/50 JV) attractive to developers seeking shared‑risk models.
- Parcel size allows for a well‑configured mid‑rise luxury product, subject to final FAR/height approvals.
Suggested development concepts
- Maisonette‑style residential development delivering 2‑3 bedroom premium apartments and duplex maisonettes.
- High‑quality amenity package: landscaped terraces, pool, gym, secure parking, generator/inverter backup.
- Phased delivery or single‑launch depending on financing and pre‑sale appetite.
Documents & due diligence checklist
- Original C of O and title documentation --- available for inspection.
- Survey plan and site coordinates --- originals to be provided.
- Developer to confirm whether any preliminary design exists; statutory approvals to be pursued as needed.
- Recommended technical/legal checks: geotechnical test, topography, utilities verification and planning approvals route confirmation
Developer & partner requirements
- Established developer with proven delivery in Victoria Island or equivalent markets.
- Verifiable proof of funds or access to construction finance.
- Willingness to accept the 50/50 sharing profile (or present a compelling alternative structure) and to proceed promptly following agreement.
Commercial & financial notes
- Owner valuation: ₦7,000,000,000 --- JV structure on a 50/50 split preferred by owner.
- Facilitator's fee: 10% of land value (negotiable to 8.5% max) --- payable as agreed in facilitator agreement.
- Final cost allocations (development capex, marketing, sales commissions) and exit mechanics to be formalised in the JV Agreement.
Procedure / next steps
1. Submit loi, company profile, proof of funds and recent project references for preliminary vetting.
2. Execute nda and receive access to title and survey documentation.
3. Site visit and technical due diligence; present initial concept and financial model.
4. Negotiate Heads of Terms and conclude Joint Development Agreement, then mobilise per agreed programme.
Contact
The Build Centre Properties Ltd
Legal / disclaimer
Information provided by the owner/agent. Prospective JV partners must perform independent legal, technical and financial due diligence. All terms and facilitator fees are subject to contract and confirmation.
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