A prime 4-plot parcel of land is available for a Joint Venture development opportunity in the highly sought-after Ikota, Lekki axis.

This is an attractive opportunity for developers and property investors seeking to secure a sizeable landholding in a strategic residential location within the Lekki corridor. The property comes with a Certificate of Occupancy (C of O) and offers a straightforward 50/50 sharing formula between the landowner and the development partner.

The land can also be purchased outright on a plot-by-plot basis, providing flexibility for investors who may prefer outright acquisition rather than entering into a Joint Venture arrangement.

Property & JV Details
Land Size: 4 Plots
Location: Ikota, Lekki, Lagos
Title: Certificate of Occupancy (C of O)
Land Value: ₦220 Million per Plot
Total Land Value: ₦880 Million
Sharing Formula: 50/50
Premium: ₦100 Million
Premium Status: Refundable after 3 months
Outright Sale: Plots can be sold separately
Development Opportunity

The sizeable 4-plot landholding offers developers the opportunity to conceptualize and execute a substantial residential development within Ikota.

With four plots available, the site provides adequate space for a carefully planned project while allowing the developer to maximize the property's development potential, subject to applicable planning regulations and approvals.

Ikota's strategic location within the Lekki axis makes it attractive for residential developments, with increasing demand for quality housing and continued real estate activity across the corridor.

JV Structure
The proposed Joint Venture arrangement is based on a 50/50 sharing formula, allowing the landowner and developer to share the proceeds or completed development according to mutually agreed JV terms.

Premium: ₦100 Million
The stated premium is refundable after 3 months, subject to the agreed terms and conditions of the JV arrangement.

Alternative Outright Purchase
For investors who prefer outright acquisition, the 4 plots are also available for separate sale.

Price: ₦220 Million per plot

This provides flexibility for buyers who may wish to acquire a single plot or multiple plots without participating in the JV structure.

Why This Opportunity Stands Out
Prime 4-plot landholding
Strategic location in Ikota, Lekki
Secure C of O title
Attractive 50/50 JV sharing formula
₦100M refundable premium after 3 months
Plots available for separate outright purchase
Suitable for residential development
Excellent opportunity for experienced developers
Strong potential for long-term investment and value creation

Ideal For
This opportunity is particularly suitable for real estate developers, construction companies, property investment firms, and high-net-worth investors looking for a sizeable development site within the Lekki corridor.

Whether through the 50/50 Joint Venture arrangement or outright acquisition of individual plots, this property offers flexibility for investors with different investment strategies.

Financial Summary
Land: 4 Plots
Value: ₦220M per Plot
Total Value: ₦880M
JV Sharing: 50/50
Premium: ₦100M refundable after 3 months
Title: C of O
Outright Sale: Available per plot