Land in Lagos

Premium joint-venture opportunity --- 3,000 sqm waterfront parcel, gracefield estate (lagos lagoon shoreline, chevron, lekki) asking price: n550k- per sqm total: n1.650b facilitation: 10% owner seeks a unique, bold & beautiful residential or mixed use development photos: illustration purposes only. (land owners view) completely open to developer's final proposal overview --- - rare 3,000 sqm waterfront plot directly on the lagos lagoon within gracefield estate, chevron (lekki) --- highly sought-after, secure estate with limited new waterfront availability. - ideal for high-end residential or mixed‑use development (signature apartments, terraces, duplexes, penthouses, limited retail/ f&b/amenity podium). - perfect jv opportunity for an owner-investor seeking active developer partnership: land contribution + profit share or hybrid equity structure. - strong value drivers: waterfront premium pricing, capital appreciation in lekki corridor, strong demand from hnwis, executives, expatriates and diligence highlights) - title & approvals: confirm land title (c of o/lease), existing covenants and estate regulations. lagos state planning consents required for height, setbacks and land use changes.. three commercially viable concept schemes (conceptual --- to be refined with architect & quantity surveyor) concept a --- boutique waterfront signature terraces & duplexes (low-rise, ultra-luxury) - product: 8--12 luxury townhouses/duplexes and 2--4 standalone lagoon villas. each unit with private garden, roof terrace and direct lagoon access where feasible. - massing assumption: 3-storey walk-ups, site coverage ~35--45%, gfa ~3,200--3,800 sqm. - typical unit sizes: 250--400 sqm (3--5 beds), with a limited number of 4--6 bed waterfront villas (400--600 sqm). - unit count example: 10 units x 300--350 sqm average = ~3,000--3,500 sqm saleable area. - amenities: private jetty/mini-marina, private pool per villa/communal lagoonfront infinity pool, clubhouse, concierge, rooftop terraces, in-unit staff quarters optional. - target buyers: high-net-worth owner-occupiers, family offices, embassies, executives seeking privacy and direct waterfront access. - commercial rationale: scarcity premium for standalone waterfront houses/terraces; strong capital appreciation and high per‑sqm pricing. concept b --- mid-rise signature apartment development (best balance of density, returns) - product: 4--6 storey luxury apartment blocks (2 blocks) with high-spec finishes and a landscaped lagoonfront promenade. - massing assumption: site coverage ~45--55%, 4--6 floors, gfa ~6,000--7,500 sqm gross; estimated net saleable area ~4,500--5,500 sqm (after cores, services). - unit mix example (approx. 40--50 units): - 1-bedroom: 12--15 units @ 65--80 sqm - 2-bedroom: 18--22 units @ 110--140 sqm - 3-bedroom: 8--12 units @ 170--220 sqm - 2--4 duplex penthouses/sky villas (top floor/roof) 250--400 sqm - parking: basement + surface (1.5--2 spaces/unit). - amenities: lagoonfront pool & deck, gym, spa, residents' lounge, kids' play area, 24/7 security, concierge, managed short-let/serviced suite option. - target buyers/renters: premium long-term residents, corporate housing, high-income renters; strong saleability to both local and expatriate markets. - commercial rationale: optimal density to maximize gdv while preserving premium waterfront product and high margins. concept c --- high-end mixed-use with podium + tower & sky penthouses (premium gdv maximization) - product: 8--12 storey tower(s) over 2‑level podium with boutique retail/ f&b, lifestyle amenities, and signature sky-penthouses/duplexes. - massing assumption: podium + tower yields gfa ~8,500--10,000+ sqm (subject to planning consents); net saleable area ~6,500--8,000 sqm. - unit mix example (approx. 60--80 units): - 1-bedroom: 20--25 units - 2-bedroom: 25--30 units - 3-bedroom: 10--15 units - 6--8 penthouses/duplex sky villas 250--500 sqm each - mixed-use component: ground-floor boutique retail/cafés ideal for lagoonfront dining; managed co-working/amenity suites for residents. - amenities: rooftop pool, resident's private marina or jetty access, full-service gym & spa, valet, 24/7 concierge, secure basement parking (2 levels). - target buyers: premium investors seeking trophy assets, buyers desiring iconic signature building with penthouse inventory catering to top-tier market segments. - commercial rationale: maximizes saleable area and gdv; suitable where planning permits higher far/height. suggested jv structures & commercial terms - land-for-equity: owner contributes land (valued) and takes equity in the spv; developer contributes design, planning, construction and marketing expertise and capital. profit share examples: 60:40 (developer:owner) or 50:50 depending on land valuation and developer risk profile. - build-and-sell (developer finances construction): developer retains sales and pays agreed share/land value to owner on completion/sale milestones. - build-to-hold (rental/serviced apartments): consider longer-term institutional jv with rental yield target and professional property management. - milestone-based payments: phased profit distributions on practical completion, sales milestones and final handover. - governance: spv board with both parties, defined decision rights for design, sales pricing, contractor selection, and exit options (buy-out clause...