A prime 1,300sqm parcel of land is available for a Joint Venture (JV) development opportunity in the highly sought-after Ikota, Lekki axis.

The property is strategically positioned within a rapidly developing residential corridor, making it an attractive proposition for developers seeking to undertake a quality residential project in an established and desirable part of Lekki.

The proposed development is for Blocks of Flats / Terrace Units, offering the opportunity to maximize the site's development potential while creating quality residential accommodation targeted at the growing demand within the Lekki market.

Property & JV Details
Land Size: 1,300sqm
Location: Ikota, Lekki, Lagos
Title: Governor’s Consent
Land Value: ₦500 Million
Premium: TBD
Development Proposal: Blocks of Flats / Terrace Units
Agency Fee: 10%

Development Potential
With 1,300sqm of land, the property provides a substantial development footprint for a well-planned residential project.

The proposed blocks of flats or terrace development can be designed to maximize the available space while incorporating essential features such as parking, landscaped areas, adequate access, and modern residential amenities, subject to applicable planning and development approvals.

Ikota's strategic position within the Lekki corridor further enhances the opportunity, with the area benefiting from increasing residential demand and continued real estate development.

Why This JV Opportunity Stands Out
Prime 1,300sqm development site
Located in Ikota, Lekki
Secure Governor’s Consent title
Suitable for residential development
Clear development proposal
Strong demand for quality housing within the Lekki axis
Attractive opportunity for experienced developers
Suitable for blocks of flats or terrace development
Significant potential for value creation

Ideal JV Partner
This opportunity is best suited to an experienced real estate developer or investment partner with the capacity to execute a quality residential development.

Developers with a strong track record in multi-unit residential projects can leverage the property's size and strategic location to create a commercially viable development tailored to the Ikota/Lekki market.

Financial Details
Land Value: ₦500,000,000
Premium: TBD
Agency Fee: 10%

Development Proposal: Blocks of Flats / Terrace Units