Mixed-use land joint venture
A Closable Joint Venture Located in a Strategic Area with C of O.
️ Old ikoyi JV off alexander RD 4,800SQM 10-floor twin towers NO premium N20BN > land value !!! Location: Off Alexander Road, Old Ikoyi Land Size: 4,800 sqm Prime Old Ikoyi Title: Federal C of O 99 Years Unexpired Best Title Land Value: N20BN N4.17M/sqm Premium: N0 Zero Premium Sharing: 40:60 Owner 40% Developer 60% Proposal:!Luxurious 10-Floor Twin Towers Facilitator Fee:!10% = N2BN owner's terms - Wants Reputable Construction Firm --- Track record in Ikoyi/V.I/Banana required - No Premium --- Owner trades premium for speed + quality dev 99yr Fed C of O --- Cleanest title. -!Fast approval, bank finance ready Why This Deal: - Off Alexander Rd --- Old Ikoyi's billionaire row. Neighbors: Dangote, Otedola - 4,800sqm + No Premium --- Last big site in Old Ikoyi. N4.17M/sqm is entry price - 60% to Developer --- Unusual. Owner wants legacy project, not max profit - Twin Towers 10 Floors --- Build - 50-60 luxury units. Old Ikoyi = - N1.5BN-N2.5BN per unit Project Angle: - Build: 10-Floor Twin Towers 4/5-Bed Luxury Flats + Penthouses - Old Ikoyi Comps: N1.8BN-N2.8BN per unit - GDV Potential: N90BN-N140BN Dev's 60% = N54BN-N84BN mandatory: Reputable firms only. Evidence of pof + 10-floor+ projects delivered in Lagos required. Owner will verify capacity. @iyaja_mailliw$$