Prime 600sqm Joint Venture Land in Lekki Phase 1
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Overview
An attractive Joint Venture (JV) opportunity involving a 600sqm parcel of land strategically located in Lekki Phase 1, Lagos.
The property currently accommodates an existing duplex suitable for demolition, offering developers an opportunity to undertake a new luxury residential project in one of Lekki’s highly sought-after neighbourhoods.
The proposed development comprises two luxury duplexes, with a 50/50 sharing arrangement between the landowner and developer.
Property Details
Location: Lekki Phase 1, Lagos
Land Size: 600sqm
Existing Structure: Duplex suitable for demolition
Proposed Development: 2 Luxury Duplexes
Property Type: Residential Redevelopment Opportunity
Joint Venture Terms
Sharing Formula: 50/50
Premium: ₦120,000,000 (Asking)
Facilitator’s Fee: 10% (Non-Negotiable)
Investment Opportunity
This JV presents an opportunity for developers seeking to deliver premium residential homes in Lekki Phase 1, a desirable location with established infrastructure and strong residential demand.
The proposed two-duplex development offers a straightforward residential investment concept, subject to planning approvals, feasibility assessments, and mutually agreed JV terms.
