Residential land joint venture
Prime Land with Excision Documents and Survey
Prime Land For Sale or Joint Venture in Mopo 2 Estate, Badore Road, Ajah, Lekki, Lagos 4,018 SQM Excision Documents & Survey with Layout ₦160 Million ≈ ₦39,820 per SQM For Sale or JV Property Overview - Location: Badore Road, Ira Ile Bus Stop, Opposite Happy Land Estate, Inside Mopo 2 Estate, Behind Cooperative Estate, Ajah, Lekki, Lagos. - Land Size: 4,018 SQM. - Title: Excision Documents & Survey with Layout. - Asking Price (Outright Sale): ₦160,000,000. - Price per SQM: ≈ ₦39,820. - JV Option: Also available for Joint Venture development. - Status: Vacant land with excision documentation, ready for development or partnership. Key Highlights - Large, Contiguous Parcel: Over 4,000 SQM in a single block -- ideal for a residential estate, institutional project, or mixed-use development. - Strong Excision Title: Excision documents confirm the land has been officially released from government acquisition -- a secure pathway to a C of O. - Survey & Layout Included: The availability of a survey plan and layout makes subdivision and planning straightforward. - Dual Opportunity: Available for outright purchase or Joint Venture -- flexible for different investor profiles. - Strategic Ajah Location: Nestled in a growing residential area with three estates in close proximity, ensuring community and demand. - Competitive Pricing: At under ₦40,000 per SQM, this is an exceptionally attractive entry point for a large, titled land bank in the Ajah axis. Development Potential - Residential Estate: Master-plan a gated community of duplexes, terraces, or bungalows. - Institutional: School, hospital, church, or training centre. - Mixed-Use: Residential with a commercial frontage or community facilities. - JV Partnership: Partner with a developer to build and share profits -- landowner contributes land, developer funds construction. - Land Banking: Hold for medium-to-long-term appreciation as Ajah continues to develop. Location Benefits -- Mopo 2 Estate, Badore Road, Ajah - Growing Residential Hub: Ajah is one of Lagos's fastest-expanding suburbs along the Lekki-Epe Expressway. - Proximity to Key Areas: Close to Badore, Addo Road, Abraham Adesanya Estate, and the Lekki Free Zone corridor. - Established Neighbourhood: Surrounded by Happy Land Estate, Cooperative Estate, and other communities -- social amenities and security in place. - Excellent Connectivity: Easy access to the Lekki-Epe Expressway, linking to Victoria Island, Ikoyi, and the wider Lekki Peninsula. - Future Appreciation: Ongoing infrastructure improvements and population growth support strong capital growth. Investment Value - Asking Price (Sale): ₦160 Million. - Price per SQM: ≈ ₦39,820. - Title Strength: Excision + Survey + Layout provides a solid legal foundation for obtaining a C of O or developing under excision rights. - JV Potential: For a developer, the low land value relative to end-unit prices in Ajah offers significant profit margin. - Upside Potential: Subdivide and sell plots, build and sell/rent homes, or hold for long-term appreciation. - Flexible Entry: Outright purchase for land bankers or JV for developers seeking to minimize upfront land cost. Sale / JV Opportunity a rare large land parcel in a developing Ajah corridor -- available for outright sale or joint venture. Ideal for developers, investors, or cooperative societies seeking a substantial project. Ideal For: - Real Estate Developers (outright or JV). - Cooperative Societies & Investment Groups. - Institutional Buyers (school, church, hospital). - Long-Term Land Investors. Next Steps: - Site Inspection (available for inspection). - Document Review & Verification (Excision, Survey, Layout). - Negotiation for Outright Purchase or JV Terms. - Immediate Closing. Mopo 2 Estate, Ajah + 4,018 SQM + Excision Documents + ₦160M or JV -- a strategic land bank with multiple development options. Direct mandate -- serious inquiries only.
