54 Bedroom Land in Nigeria

Investment opportunity: land for sale/jv in ikate by verita terrace we are pleased to present a prime land opportunity for sale or joint venture (jv) in the desirable ikate area, adjacent to verita terrace. this property offers significant potential for development and investment. property details: - location: ikate, beside verita terrace - land size: 2,411 square meters - price: ₦1.5 billion (can be sold in half) - title: global certificate of occupancy (c of o) - proposed development: 50 apartments plus penthouses - timeline for development: 24 months joint venture pre-conditions: - land value for jv: ₦1.7 billion - developer responsibilities: the developer will be responsible for building approval processing and all associated fees. - land owner responsibilities: the land owner will cover the costs for governor consent processing and all related fees. financial structure: - upfront purchase: buy 3 units upfront with a 50% payment upon signing, and the balance upon completion of the foundation. - proof of funds required: ₦1.5 billion - profit sharing ratio: - land owner: 40% - developer: 60% - signing bonus: ₦75 million explore our featured properties: we encourage you to browse our selection of other featured properties, each offering unique investment opportunities tailored to meet your needs. for further inquiries or to discuss this exciting opportunity in detail, please do not hesitate to contact us. we look forward to partnering with you on this promising venture in ika...