Prime 667sqm Joint Venture Land in Lekki
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Overview
A strategic Joint Venture development opportunity is available on approximately 667sqm of land in Osapa, Lekki. The proposed project comprises 14 units of 2-bedroom apartments, with a clearly defined sharing structure between the landowner and developer.
Property Details
Property Type
Joint Venture Development Land
Location
Osapa, Lekki, Lagos
Land Size
Approximately 667 sqm
Land Value
₦450,000,000
Proposed Development
14 Units of 2-Bedroom Apartments
JV Sharing Structure
Developer: 8 Units
Landowner: 6 Units
Sharing Ratio: 8:6 Units
Facilitator's Fee
10% of Property Value
Based on the stated land value of ₦450 million, the facilitator's fee is ₦45,000,000.
Development Opportunity
This opportunity provides an experienced developer with the chance to undertake a 14-unit residential apartment development in Osapa, Lekki, while the landowner participates through an agreed allocation of completed units.
The location offers access to key parts of the Lekki corridor, making the proposed development suitable for the growing demand for quality residential apartments in the area.
Key JV Terms
Land Size: 667sqm Approx.
Land Value: ₦450M
Proposal: 14 Units of 2-Bedroom Apartments
Developer's Share: 8 Units
Landowner's Share: 6 Units
Facilitator's Fee: 10% — ₦45M
