An attractive Joint Venture (JV) opportunity involving a 960sqm parcel of land with two existing duplexes in the highly sought-after Lekki Phase 1 neighbourhood.

The proposed development comprises a total of 16 residential units, combining two-bedroom apartments and three-bedroom maisonettes. The arrangement includes a premium payment and temporary relocation of the landowner within Lekki Phase 1 for the duration of the project, pending completion.

Property Details
Location: Lekki Phase 1, Lagos State
Land Size: 960sqm
Existing Structures: 2 Duplexes
Title: Certificate of Occupancy (C of O) — Original Allottee
Stated Land Value: ₦1,500,000,000 (₦1.5 Billion)
Proposed Development
12 Units of 2-Bedroom Apartments
4 Units of 3-Bedroom Maisonettes
Total: 16 Residential Units
Joint Venture Terms
Land Value: ₦1,500,000,000
Premium: ₦120,000,000

Landowner Relocation: The landowner is to be temporarily relocated within Lekki Phase 1 pending completion of the project.

Sharing Ratio: To Be Determined (TBD)
Facilitators’ Fee: 10% of the total land value — ₦150,000,000

Opportunity for Developers
This opportunity is suited to developers seeking to deliver a multi-unit residential project in Lekki Phase 1, with a proposed mix of apartments and maisonettes designed to serve the area’s residential market.

The development configuration and unit yield are subject to feasibility assessment, planning approvals, and mutually agreed JV terms.