Residential land joint venture
1,587.51 SQM Residential Land
Property Details Location: Guzape Main, Abuja, FCT Property Type: Land / Joint Venture Opportunity Land Size: 1,587.51 SQM Sharing Formula: 60% Developer / 40% Landowner Premium: ₦100,000,000 (₦100 Million) Facilitators' Fee: 10% Title: Fcda documentation, as stated Transaction Type: Joint Venture Source Status: Direct-mandate wording supplied; authority to be verified Zahari View This joint venture opportunity involves a 1,587.51 SQM parcel of land in Guzape Main, Abuja, for developers seeking a development partnership in an established part of the Federal Capital Territory. The land size may suit a focused development project, subject to verification of the site's permitted use, applicable planning parameters, access and development feasibility. The proposed sharing structure allocates 60% to the developer and 40% to the landowner, with a stated premium of ₦100 million and a facilitators' fee of 10%. These terms provide a starting point for negotiations, but the parties should clarify their respective financial obligations, the treatment of the premium and facilitators' fee, and whether the sharing formula applies to completed units, gross sales proceeds or net proceeds. The stated fcda documentation should be independently reviewed to establish the land's legal status and the requirements for development and transfer. Property Highlights 1,587.51 SQM land parcel. Located in Guzape Main, Abuja. Joint venture development opportunity. Proposed sharing formula: 60% developer / 40% landowner. Stated premium of ₦100 million. Facilitators' fee of 10%. fcda documentation stated. Suitable for consideration by developers seeking a structured land-development partnership. Development subject to title verification, planning requirements and relevant approvals. Why This Opportunity Deserves Attention For property developers: The proposed 60% developer share may provide a basis for evaluating the commercial viability of the project against construction costs, professional fees, statutory charges, financing expenses and the expected development timeline. The actual feasibility will depend on the approved development potential and the obligations agreed by both parties. For development partners: The 40% landowner share establishes an initial allocation framework. The joint venture agreement should specify precisely what each party contributes and receives, how units or proceeds are allocated, and how additional costs, delays or cost overruns will be handled. For investors assessing Guzape: The location may warrant further assessment against comparable developments, current demand and the proposed project's financial projections. Independent market research and a realistic feasibility study should guide the final decision. Buyer's / Developer's Perspective: What to Verify Before entering into the joint venture, prospective developers should independently confirm: The fcda documentation and the legal status of the land. The root of title, ownership history and landowner's authority to enter into the JV. Survey plan, coordinates, boundaries and confirmed land size. The permitted land use and applicable planning requirements. Allowable building height, density, setbacks and other development parameters. Existing encumbrances, third-party interests or disputes. The precise meaning of the 60/40 sharing formula. Whether sharing applies to completed units, gross proceeds or net proceeds. Each party's funding obligations and responsibility for construction costs. How the ₦100 million premium is payable, to whom and under what conditions. The basis for calculating the 10% facilitators' fee and who is responsible for paying it. The facilitators' authority and the mandate to present the opportunity. Project governance, approval procedures, timelines and reporting obligations. Default remedies, dispute resolution and exit provisions. All legal, professional and statutory costs associated with the transaction. Investor / Developer Note The stated commercial terms are: Developer's proposed share: 60% Landowner's proposed share: 40% Premium: ₦100 million Facilitators' fee: 10% The basis for calculating the facilitators' fee has not been specified. It should be confirmed whether the fee is calculated against the premium, land value, project value or another agreed amount. No total transaction commitment can be reliably calculated until this basis and the payment responsibility are clarified. The premium's payment timing, refund conditions and relationship to the landowner's contribution should also be documented. Before committing funds, the developer should obtain independent legal advice, confirm the title and development parameters, and agree on a detailed joint venture contract. For Enquiries & Inspections Contact Zahari Properties for further information and transaction discussions. Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property and transaction details are based on information supplied for this listing and have not been independently verified. The stated fcda documentation, landowner's authority, direct-mandate status, premium, facilitators' fee and sharing formula should be confirmed through independent legal and commercial due diligence. All JV obligations should be documented in a formal agreement before funds are committed or development begins.
