Land joint venture
Isolo, Lagos
𝘼𝙋𝙋𝙍𝙊𝙓. 5 𝘼𝘾𝙍𝙀𝙎 𝙊𝙁 𝙋𝙍𝙄𝙈𝙀 𝙇𝘼𝙉𝘿 𝘼𝙑𝘼𝙄𝙇𝘼𝘽𝙇𝙀 𝙁𝙊𝙍 𝙅𝙊𝙄𝙉𝙏 𝙑𝙀𝙉𝙏𝙐𝙍𝙀 𝙄𝙉 𝙄𝙎𝙊𝙇𝙊, 𝙇𝘼𝙂𝙊𝙎 𝙈𝘼𝙄𝙉𝙇𝘼𝙉𝘿
land size: 19,805 sqm
jv terms: residential & commercial development
developer retains 80% of the total development.
𝐿𝑎𝑛𝑑 𝑉𝑎𝑙𝑢𝑒: ₦1.49 billion
𝐉𝐕 𝐏𝐫𝐨𝐩𝐨𝐬𝐚𝐥: 40 units of 3-bedroom residential flats and 4,000 sqm of commercial lettable space.
𝐒𝐡𝐚𝐫𝐢𝐧𝐠 𝐑𝐚𝐭𝐢𝐨: 20% (8 units of 3-bedroom flats + 800 sqm commercial lettable area) : 80% (32 units of 3-bedroom flats + 3,200 sqm commercial lettable area).
𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐏𝐚𝐭𝐡:
- this jv is proposed for a mixed-use development (residential & commercial).
- strategic mixed-use environment driven by high population density & high activity.
- excellent connectivity to key industrial and business districts.
- close to ajao estate & murtala muhammed international airport, supporting logistics, commercial activity, and rental absorption.
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𝑊𝑖𝑡ℎ 𝐹𝑂𝑅𝑇𝑀𝐼𝐶𝐻𝐴𝑁, 𝑦𝑜𝑢 𝑐𝑜𝑛𝑡𝑟𝑜𝑙 𝑦𝑜𝑢𝑟 𝑐𝑎𝑝𝑖𝑡𝑎𝑙 𝑤𝑖𝑡ℎ 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎...
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₦1,490,000,000
Fortmichan Real Estate Services
08095291536