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Fantastic 1270sqm Of Premium Jv Land On Offer

Land joint venture

Akin Adesola Street, Victoria Island (VI), Lagos

Jv opportunity --- 1,270 sqm akin adeshola st, victoria island, lagos --- land value ₦4,500,000,000 land certificate note: images are for illustration purposes summary prime 1,270 sqm victoria island site with land certificate offered for a 50:50 joint venture to deliver a 14‑storey development (ground + 1st floors dedicated to parking). facilitator's fee: 10% of land value (₦450,000,000). key facts (clear & factual) - location: akin adeshola street, victoria island, lagos (core vi commercial/residential corridor). - land size: 1,270 sqm. - title: land certificate (to be provided for verification). - stated land value: ₦4,500,000,000. - implied land price: ≈ ₦3,543,307 per sqm. - proposed structure: joint venture (jv) --- 50:50 equity/share of development returns. - facilitator's fee: 10% of land value (₦450,000,000) as stated. - concept: 14 floors total; ground and first floor to be used exclusively for parking. remaining floors for approved residential / commercial use (exact mix to be agreed). project concept --- development brief (as proposed) - total storeys: 14 (g + 13). ground (g) + 1st floors are parking levels. floors 2--13 (12 floors) plus roof-level services/plant available for revenue-generating use depending on planning. - suggested product mix options (developer to confirm with feasibility/planning): - premium residential condominium: apartments from 1‑3 bedrooms; penthouse units on top floors. - mixed-use: retail/amenity at lower commercial floors (subject to local planning), premium office or serviced apartments above. - boutique hotel/serviced residence (operator dependent). - parking provision (illustrative): if building footprint ~800--900 sqm, a single parking level could deliver ~30--36 vehicles (including circulation). with two parking levels, estimated parking capacity ≈ 60--72 vehicles --- actual capacity depends on footprint, ramp design and local parking standards. indicative development capacity --- illustrative (requires confirmation via planning/far) - illustrative net buildable gfa range: dependent on lagos state planning far/plot ratio and setbacks. example scenarios (for initial financial modelling only): - conservative footprint assumption 800 sqm × 14 floors = 11,200 sqm gfa (with 2 floors parking net revenue floors ~9,600 sqm). - higher far scenario increases total gfa --- developer to confirm allowable gfa with planning authority. - unit count example (residential): if average net unit size (incl. parking/share of common) = 90--120 sqm, the project could yield ~80--110 residential units (subject to final mix, gfa and planning). commercial & jv terms (explicit) - equity split: 50:50 (landowner : developer). - land valuation used for jv accounting: ₦4,500,000,000. - facilitator fee: 10% of land value payable as agreed (₦450,000,000) --- confirm payment mechanics and timing in term sheet. - developer to provide capex, project management, construction financing and marketing; returns/profits split 50:50 after recovery of developer costs and agreed fees (exact waterfall to be negotiated and included in jv agreement). - relocation or other owner requirements (if any) to be documented and costed as part of commercial terms. due diligence documents to request / expect from owner (to be provided for review): - original land certificate and certified copy. - survey / site plan and coordinates. - evidence of payment of land rates and receipts. - any prior consents, planning correspondence or restrictions. - id and proof of authority of signatory. from developer (to present to owner): - company cac documents, tax clearance, proof of balance sheet strength or bank comfort letter. - developer portfolio and cvs of key management/technical team. - proposed jv term sheet and preliminary concept massing. technical & planning checks recommended (immediate) - confirm zoning, allowable far/plot ratio, building height limits and parking standards with lagos planning authority. - topographic and boundary verification (pegging). - geotechnical/soil investigation. - preliminary traffic and parking study given two-level parking proposal. - utilities/mep capacity check (power, water, storm drainage, telecom). commercial & legal points to agree early - detailed jv term sheet including: capital contributions, development budget, developer fee, promoter's fee, payment waterfalls, profit distribution timing, off‑plan sales allocation, governance, board composition and exit/buy‑out mechanisms. - facilitator fee mechanics (who pays, when, and tax implications). - how the land value is accounted in the jv company (capital contribution valuation and stamp duty implications). - dispute resolution, warranties and indemnities (title warranty, encumbrances). - timing for commencement, securing permits and practical completion targets. indicative timeline (subject to negotiation & approvals) - nda and submission of developer credentials & pof: immediate. - preliminary site visit and title verification: 1--2 weeks. - planning pre‑application / confirmation of far & permissible use: 2--6 weeks. - legal & technical due diligence: 2--4 weeks (concurrent). - term sheet finalisation and signing: 1--3 weeks after due diligence. - jv/shareholders agreement and project company setup: 3--6 weeks. - construction period: to be defined in project programme (subject to scope & financing). risks & mitigants (matter‑of‑fact) - planning constraints: verify allowable gfa early; mitigant: pre-application with planning authority and engage local planning counsel. - title risk: verify land certificate and conduct registry search; mitigant: seller warranty, title indemnity and escrow arrangements. - facilitator fee size: clarify who bears the facilitator fee (owner or developer) and document payment terms to avoid post-agreement disputes. - financial execution: ensure developer has committed finance lines; mitigant: bank comfort letters, escrowed deposits and phased milestone payments. target jv partner profile - established developer with track record on victoria island / lagos high-end residential or mixed‑use projects. - access to construction finance or equity partners and credible sales/marketing channels. - ability to mobilise technical team (architect, qs, contractor, mep) and obtain planning approvals promptly. call to action --- next steps 1. submit loi and developer credentials + proof of funds / bank comfort letter. 2. sign nda and request certified land certificate and survey pack. 3. arrange site inspection and meet owner to confirm jv expectations (facilitator fee, payment timing). 4. conduct planning pre-application, legal & technical due diligence; produce term sheet and proceed to jv agreement if acceptable. 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: m...

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₦4,500,000,000 The Build Centre Properties
09028190510

1,270 sqm Total Area
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4 Bedrooms Fully Detached Duplex & A Bq

4 bedroom detached duplex for sale

Opebi, Ikeja, Lagos

4 bedrooms fully detached duplex & a bq location : opebi ikeja price: 450m title: c of o features all rooms en-suite high ceiling fitted kitchen in an estate serene and secure neighborhood wardrobes tiled bathrooms water heater shower system fortified do...

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₦450,000,000 Mcrich Consulting Limited
08039426967

4 Bedrooms
5 Toilets
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5 Bedrooms Detached Duplex With Bq

5 bedroom detached duplex for sale

Lekki Phase 1, Lekki, Lagos

Brand new 5 bedroom home with swimming pool,elevator, cinema and many more.... location: lekki phase 1, lekki lagos price: 1. 4billion naira features: fully automated gym private home office contemporary design all rooms ensuite bq alexa fully fitted kitchen inbuilt refrigerator & tv pantry swimming pool floor to ceiling windows chandeliers smart switches modern sanitary wares fire alarm system designated dining area tv panel smart door lock bluetooth speakers fingerprint door spacious family lounge spacious living area walk-in closet cinema room double volume high ceiling marble tiles censor light outdoor light motion censor staircase light infused wall light chandeliers stamp concrete floor water heater walk-in shower bath tub 24hrs security green grass beautification natural and artificial flowers. title: governor consent & building appro...

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₦1,400,000,000 Luxury Realtors
08030742464

5 Bedrooms
5 Bathrooms
7 Toilets
6 Parking Spaces
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Spacious 4 Bedroom

4 bedroom terraced duplex for rent

Agungi, Lekki, Lagos

You don't need to miss out on this!! *to-let* 4 bedroom terrace duplex for rent in a secure estate in agungi rent: 4.5m self serviced alc: 10% respectively self serv...

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₦4,500,000 per annum Newyork Homes
08032709251

4 Bedrooms
4 Bathrooms
5 Toilets
3 Parking Spaces
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Mini Flat

1 bedroom mini flat (room and parlour) for rent

Sangotedo, Ajah, Lagos

*to let* *room and parlour (mini flat) in peninsula garden estate, sangotedo* rent: 3m agency: 10% legal: 10% caution: ...

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₦3,000,000 per annum Newyork Homes
08032709251

1 Bedroom
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11 Rooms Hotel

Hotel / guest house for sale

Idado, Lekki, Lagos

For sale 11rooms hotel with all the facilities - 43inches/50inches smart tvs in all rooms - bed side fridges - 7.5kva inverter with solar - 60 kva generator - microwave in some rooms - etc location: idado, lekki title: gov's consent price: 900m ask...

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₦900,000,000 Newyork Homes
08032709251

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Spacious 4 Bedroom Flat

4 bedroom house for rent

Old Ikoyi, Ikoyi, Lagos

4 bed apartment + bq - old ikoyi - ₦30m/year for rent: spacious 4 bedroom apartment with bq, swimming pool and gym. location: old ikoyi, lagos rent: ₦30,000,000 per annum agency: 10% legal: 10% caution: 5% service charge: ₦5,500,000 diesel deposit: ₦1,000,000 comes with: all rooms ensuite - spacious living area - fully fitted kitchen - bq - swimming pool - gym - secure estate - ample parking space - 24/7 power & secur...

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₦30,000,000 per annum Newyork Homes
08032709251

4 Bedrooms
4 Bathrooms
5 Toilets
3 Parking Spaces
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Furnished 2 Bedrooms Apartment With Bq And Swimming Pool

2 bedroom flat / apartment for rent

Old Ikoyi, Ikoyi, Lagos

2 bed apartment + bq - old ikoyi - ₦40m/year (furnished) ₦35m/year (unfurnished) for rent: furnished 2 bedroom apartment with bq and swimming pool. location: old ikoyi, lagos rent: ₦40,000,000 (furnished) ₦35,000,000 (unfurnished) per annum agency: 10% legal: 10% caution: 10% service charge: ₦3,500,000 diesel deposit: ₦1,000,000 comes with: all rooms en-suite - modern fitted kitchen - bq - swimming pool - spacious living room - secure estate - ample parking - 24/7 power & secur...

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₦35,000,000 per annum Ninahomesltd
08142762959

2 Bedrooms
2 Bathrooms
3 Toilets
2 Parking Spaces
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Luxury 4 Bedroom Maisonette

4 bedroom house for rent

Old Ikoyi, Ikoyi, Lagos

4 bed maisonette + bq - old ikoyi - ₦50m/3 years for lease: luxury 4 bedroom maisonette with bq, elevator, gym and swimming pool. location: old ikoyi, lagos rent: ₦50,000,000 (x3 years) agency: 10% legal: 10% service charge: ₦3,500,000 certificate of occupancy comes with: bq - elevator - gym - swimming pool - all rooms en-suite - spacious living areas - modern fitted kitchen - secure estate - ample parking sp...

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₦50,000,000 per annum Newyork Homes
08032709251

4 Bedrooms
4 Bathrooms
5 Toilets
3 Parking Spaces
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