An attractive Joint Venture (JV) opportunity involving 900sqm of prime bare land strategically located within Osborne Phase 2, Ikoyi, Lagos.

The property presents an opportunity for developers and investors seeking to undertake a premium residential development in one of Ikoyi’s established residential neighbourhoods.

The proposed development comprises a block of luxury apartments or maisonettes, with a 50/50 sharing arrangement between the landowner and developer.

Property Details
Location: Osborne Phase 2, Ikoyi, Lagos
Land Size: 900sqm
Property Type: Bare Land
Title: Certificate of Occupancy (C of O)
Land Value: ₦2,000,000 per sqm
Total Land Valuation: ₦1,800,000,000 (₦1.8 Billion)

Joint Venture Terms
Proposed Development: Block of Flats or Maisonettes
Sharing Ratio: 50/50
Premium: No Premium Required
Facilitator’s Fee: 10% Flat

Investment Opportunity
This JV arrangement offers developers an opportunity to participate in a high-value residential project in Osborne Phase 2 without an upfront land premium.

The proposed development is suitable for luxury apartments or maisonettes, subject to the necessary planning approvals and mutually agreed development terms.