An exceptional 4-plot Joint Venture land opportunity in Ikota Lekki, strategically positioned for residential development in one of Lekki’s highly sought-after neighbourhoods. The property comes with Governor’s Consent, offering a solid title position for a serious development partnership.

The proposed development is for semi-detached and fully detached duplexes, making this an excellent opportunity for developers looking to execute a premium residential project within a well-established Lekki location.

Property & JV Details
Land Size: 4 Plots
Location: Ikota, Lekki
Title: Governor’s Consent
Sharing Formula: 55/45
Developer’s Share: 55%
Owner’s Share: 45%
Premium: Nil
Proposal: Semi-Detached / Fully Detached Duplexes
Land Value: ₦300 Million per Plot
Total Land Value: ₦1.2 Billion
Facilitator’s Fee: 10% — Non-Negotiable

Development Opportunity
The size and proposed residential use make this property suitable for the development of a well-planned collection of premium semi-detached and fully detached duplexes. The absence of a premium further enhances the structure of the JV, allowing the developer to focus capital on construction and project execution.

Why This Opportunity Stands Out
Prime Ikota, Lekki location
Substantial 4-plot development site
Governor’s Consent title
No premium payable
Attractive 55/45 JV structure in favour of the developer
Clear residential development proposal
Strong potential for a premium duplex development
Suitable for experienced developers seeking a strategic Lekki project
Ideal JV Partner

This opportunity is ideal for experienced real estate developers, construction companies and investment partners with the capacity to execute a quality residential development comprising semi-detached and/or fully detached duplexes.

Financial Details
Land Value: ₦300M per plot
Total Land Value: ₦1.2B for 4 plots
JV Sharing: 55% Developer / 45% Owner
Premium: Nil
Facilitator’s Fee: 10% non-negotiable