Property in Shomolu, Lagos

Joint venture opportunity - opportunity: owner of a clean-titled plot at oyebajo street off isaac john, fadeyi is seeking a capable developer partner to deliver a 2‑storey block of flats under a build--operate--transfer (b.o.t) arrangement. - title: government consent & registered survey (clear transferable title --- strong for lender acceptance and fast project close-out). - location strengths: fadeyi (lagos mainland) --- dense residential demand, good access to transport corridors and employment centers, strong rental market for mid‑market flats. - target investor: a developer with construction & property‑management capability, balance‑sheet or financing relationships, and a track record in small to medium residential projects in lagos. why this is attractive to a developer / investor - land provided up front with clean title --- reduces acquisition risk and lowers upfront cash requirement. - high demand for well‑finished flats in fadeyi from young professionals, civil servants and families --- steady rental income opportunity. - scalability: site suitable for a 2‑storey walk‑up or low‑rise block of flats with potential to increase value through modest finishes and professional management. - shorter construction cycle compared with high‑rise projects --- quicker revenue generation and faster payback. - flexible deal structures (equity split, revenue share or fixed lease payments) to suit developers and financiers. proposed project overview - development: 2‑storey block of flats (design options: 6--12 flats depending on plot size and layout; recommend architectural feasibility to maximize yield while adhering to setbacks and parking). - typical unit mix suggestions (to be refined after site survey): 1‑bed & 2‑bed apartments with provision for common areas, secure parking, generator & water storage. - use: rental residential (long‑term let) with professional property management during the operating period. - bot term (suggested): 7--10 years operating period for the developer to operate and recover investment + agreed return, then transfer completed asset back to owner free of encumbrance. - target finish standard: mid‑market --- durable finishes to attract stable tenants and minimize turnover. suggested commercial structures (indicative --- negotiable) 1. land-as-equity, developer-finances-construction - owner contributes land (valued as equity). - developer funds construction and operates asset for agreed period (e.g., 7 years). - revenue sharing: developer retains operating cashflow until a pre‑agreed irr or return multiple is achieved, then transfers asset. 2. joint-equity (developer + owner) - both parties contribute equity (owner = land, developer = cash/loan procurement + management). - net operating income distributed per equity share during operation; full transfer at term end. 3. fixed lease / concession fee - developer leases land for fixed annual fee over concession, builds and operates; at end of term, asset transfers to owner. - attractive for owners wanting predictable cash flows and limited upside sharing. indicative financial points to include in a term sheet - construction budget (to be confirmed by contractor quotes and boq after feasibility). - developer return target (e.g., developer irr or multiple) and investor/owner share mechanics. - operating cash flow priority (e.g., opex, debt service, developer preferred return, split). - transfer conditions (state of repair, permitted encumbrances, asset handover checklist). - performance bonds / completion guarantees. - insurance, tax, and compliance responsibilities. developer qualifications sought - evidence of similar completed residential projects in lagos (photos, addresses, client references). - proof of construction capacity --- in‑house or reliable contractors and consultants. - financial capability: audited accounts, bank/financier references, or confirmed construction finance lines. - regulatory knowledge: lagos approvals, building control, utility connections. - property management capability or credible partner to lease and operate the flats. risk mitigation & value protections - clear title (gov. consent & registered survey) --- reduces ownership risk. - completion guarantee or escrow arrangements for retention/defect liability. - third‑party cost and market validations (quantity surveyor and rent studies). - insurances: car (contractors all‑risk), pi for consultants, full property insurance during operation. - agreed maintenance/reserve fund to preserve asset value until transfer. key next steps (recommended) 1. confidentiality: sign an nda to share any further sensitive documents (title docs, site survey). 2. site visit & survey: confirm plot size, setbacks, soil conditions and maximum developable area. 3. concept design & feasibility: architect + qs to prepare a concept plan, boq and budget. 4. term sheet: negotiate bot structure, operating period, revenue sharing and transfer conditions. 5. due diligence: developer & owner legal, technical and financial due diligence. 6. final agreement: execute bot/concession agreement, construction contract and security documents. 7. mobilization & construction: commence once permits and financing are in place. what i can share immediately (upon your confirmation) - copies of title documents (gov. consent & registered survey). - high‑resolution photos of the plot and immediate environs. - suggested concept layouts for a 2‑storey block (preliminary). - a draft term sheet for bot partnership for review by developers. contact: mr. kola adesina (edba) all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properties ref: ak...

Urgent sales ============ a demolishable building on 800sqm good for commercial and residential number 28 moroco road shomolu price ₦300m asking talking to the mand...

Newly built spacious miniflat full pop full screeding full painting balcony good lighting gated compound interlock street good water upstais and downsta...

A cashflow-generating shortlet investment located in the high-demand area of *obanikoro,* *lagos.* enjoy consistent returns with a secured *18-year lease* and professional management with no tenant stress, just annual income. *studio apartment* current price: ₦13m new price: ₦14m earning potential: *₦4m yearly* *one bedroom apartment* current price: ₦25m new price: ₦26m earning potential: *₦7m yearly* *two bedroom duplex* current price: ₦45m new price: ₦46m earning potential: *₦15m yearly* *roverbs court 1 offers premium features* - fully equipped gym - relaxing spa - modern fitted kitchen - 24/7 power & security - great infrastructure - professional shortlet management * location* obanikoro, lagos high-demand environment for shortlet rentals, a prime income-generating location. *why invest in roverbs court 1* 18-year secured lease professionally managed shortlet model high roi and low risk steady annual inc...

Introducing an offplan premium shortlet long lease residence located along ikorodu road in obanikoro, lagos. this exclusive development offers the perfect "home away from home" experience for residents and investors alike. this features are variety of unit types to suit different needs and preferences: 2 bedroom maisonette : 46 million naira all units are available on an 18-years long lease, making them ideal for shortlet investment. you have the flexibility to manage your unit yourself or let our professional team. handle the management for you. location: obanikoro, ikorodu road, lagos strategically located for accessibility, growth, and real estate appreciat...

* roverbs court 1* the only affordable long lease shortlet in lagos a cashflow-generating shortlet investment located in the high-demand area of *obanikoro,* *lagos.* enjoy consistent returns with a secured *18-year lease* and professional management with no tenant stress, just annual income. *studio apartment* current price: ₦13m new price: ₦14m earning potential: *₦4m yearly* *one bedroom apartment* current price: ₦25m new price: ₦26m earning potential: *₦7m yearly* *two bedroom duplex* current price: ₦45m new price: ₦46m earning potential: *₦15m yearly* *roverbs court 1 offers premium features* - fully equipped gym - relaxing spa - modern fitted kitchen - 24/7 power & security - great infrastructure - professional shortlet management * location* obanikoro, lagos high-demand environment for shortlet rentals, a prime income-generating location. *why invest in roverbs court 1* 18-year secured lease professionally managed shortlet model high roi and low risk steady annual inc...

Made just for you very decent and spacious newly built upstairs and downstairs roomself apartment with full pop design, nice environment prepaid meter fenced and gated compound with good light system etc now available for rent. rent; 900k per annum and rent 1m per annum caution fee; 100k service charge; 100k location; ilaje, bariga. ##bash:::::...

Newly built spacious and lovely room self con for rent at off ilaje, bariga, lag...

Newly built spacious room self con for rent at ilaje, bariga, lagos with proximity to island and mainla...

*just out!!!* a newly built and very spacious, roomself con, groundfloor with pop, open kitchen, screeded walls, carpark, calm environment, etc location: off market street, shomolu rent - 1.1m & 1.2m respectively service charge - 200k *pay and pack in 2weeks, inspection anytime.* ##tim::::::...

A newly built and very spacious, miniflat, upstairs with 2toilets and bath, pop, private balcony, screeded walls, carpark, calm environment, etc location: off market street, shomolu rent - 2.5m yearly agreement - 350k agency - 350k caution - 200k service charge - 200k total - 3.6m *pay and pack in 2weeks, inspection anytim...

A storey building on a full plot in a residential area suitable for both residential and commercial development. location : shomolu price: ₦140m land size: 500 sqm+ title: c of o, mou & rece...

Standard executive newly roomself contained gated well secure and serene environment *upstairs* with kitchen cabinets modern pop ceiling personal balcony and prepaid meter off market street somolu rent: 900k caution: 100k scharge: 1...

Just out!!! a newly built and standard miniflat, groundfloor with 1toilet and bath, pop, screeded walls, carpark, etc. location: off market street, shomolu *rent is 2m yearly.* caution - 100k service charge - 150k ##tim:::::...

*just out!!!* a newly built and standard, 2bed apartment, upstairs with pop, screeded walls, carpark, private balcony, etc location: off market street, shomolu rent - 3m yearly caution - 200k service charge - 200k *inspection is anytime today.* ##tim::::...

Just out!!! a newly built and standard, roomself con, groundfloor with pop, open kitchen, screeded walls, carpark, etc location: off market street, shomolu rent - 1m yearly caution - 100k service charge - 200k *inspection is anytime today.* ##tim:::::...

Just out!!! a newly built and very spacious, miniflat, groundfloor with 2toilets and bath, pop, private balcony, screeded walls, carpark, calm environment, etc location: off market street, shomolu rent - 2.2m yearly caution - 100k service charge - 200k *pay and pack in 1week, inspection anytime.* ##tim:::...

Newly built lovely and decent room self con for rent at off market street somolu, lagos with proximity to island and mainla...

Newly built spacious and lovely mini flat available for rent at off market street, somolu, lagos with proximity to island and mainla...

*just out!!!* a newly built and standard miniflat, upstairs & groundfloor with pop, screeded walls, private balcony, water heater, carpark, etc. location: off market street, shomolu rent; upflat - 2.5m downflat - 2m caution - 100k service charge - 150k ##tim:::::...