Residential land joint venture
A Prime 1,542 SQM Development Land
Prime joint venture opportunity Adeyemi Lawson Road, Old Ikoyi, Lagos a Premium Development Opportunity in One of Lagos' Most Prestigious Residential Locations. An exceptional Joint Venture (JV) opportunity is available on Adeyemi Lawson Road, Old Ikoyi, Lagos. The property comprises approximately 1,542 sqm of prime land, strategically positioned with direct frontage on Adeyemi Lawson Road. The landowner is seeking credible, financially capable and experienced developers for a premium residential development comprising luxury terrace homes or blocks of high-end apartments. Property Details - Location: Adeyemi Lawson Road, Old Ikoyi, Lagos - Land Size: 1,542 sqm (approximately 16,601.36 sq. ft.) - Land Value: ₦6,400,000,000 - Indicative Value per sqm: ₦4,149,549 - Title: Federal Certificate of Occupancy (C of O) - Lagos State Regularization: At an advanced stage - Survey Reference: Utm Zone 31 - Boundary References: Fcpla 20841, 20854, 20858 and 20815 - Road Frontage: Adeyemi Lawson Road Joint venture financial terms - Landowner's Valuation: ₦6.4 Billion - Premium: US$1,000,000 - Premium Payment: Two instalments - Facilitator's Fee: 8% - Facilitator's Fee Amount: ₦512,000,000 - JV Sharing Ratio: To be negotiated and mutually agreed Proposed Development The landowner is open to proposals for: - Luxury terrace duplexes - Premium residential apartment blocks - High-end serviced residential apartments - Alternative luxury residential schemes supported by a credible development proposal All proposed developments are subject to applicable planning regulations, permissible density and statutory approvals. Developer eligibility The landowner is willing to engage reputable developers and construction companies with: - Proven experience delivering premium residential projects - Verifiable records of completed developments - Demonstrable financial and technical capacity - a credible development concept and execution strategy - Capacity to negotiate and conclude a commercially viable JV arrangement Documentation & due diligence The Survey Plan and relevant title documents will be made available upon receipt of the following: 1. Developer's Company Profile 2. Detailed Letter of Intent (LOI) 3. Signed Facilitator's Fee Commitment Letter acknowledging the 8% fee a Memorandum of Understanding (MOU) may be discussed and mutually agreed where required. Additional technical, legal and commercial documentation will be provided during the due diligence process, subject to the landowner's approval. Investment Highlights - Prestigious Old Ikoyi address - Direct frontage on Adeyemi Lawson Road - Substantial landholding suitable for premium residential development - Federal C of O with Lagos State regularization in progress - Flexible development options - Premium payable in two instalments - Landowner open to proposals from qualified developers Ideal for Established real estate development companies, institutional investors and experienced luxury residential developers seeking a strategic Joint Venture opportunity in Old Ikoyi. Serious and qualified developers only Engagement and release of sensitive documentation are subject to the stated requirements and satisfactory preliminary verification. Knight Angels Realties Limited
