A prime 3,500sqm development opportunity strategically positioned at the intersection of the expressway and Providence Road, Lekki Phase 1. The property is suitable for a proposed residential development comprising blocks of flats and maisonettes, subject to planning approval and the developer’s proposal.

The owner is seeking an experienced, reputable and financially capable developer with a proven track record for this joint venture opportunity.

Development Details
Land size: 3,500sqm
Land value: ₦9.5 Billion
Prime frontage facing the expressway and Providence Road
Proposed development: Block of flats and maisonettes
Development subject to planning approval and developer’s proposal
Title: C of O + Survey Plan
No premium
Sharing formula: Strictly 60/40
Facilitator’s fee: 10%
Developer Requirements

The opportunity is open to an experienced developer with:

Proven development track record
Strong financial capacity
Reputable company profile
Ability to execute the proposed development

Procedure
Submit a Letter of Intent stating interest in the property.
Provide the company profile.
Submit the 10% Facilitators’ Fee Letter.
A meeting with the owner will be scheduled upon receipt and review of the above requirements.

Ideal Partner
This opportunity is suited to established property developers seeking a sizeable, strategically positioned residential development site in Lekki Phase 1 under a strict 60/40 joint venture structure.