Chevron Drive, Lekki, Lagos
₦1,558,150,000
| Property Ref: 3054642 | Added On: 25 Aug 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 2,833 sqm |
NOTICE: *DIRECT DEVELOPER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
JOINT VENTURE ---
PRIME LAND AT GRACEFIELD ISLAND,
CHEVRON, LAGOS
Location: Gracefield Estate (Gravitas),
End of Chevron Drive --- beside Northern Foreshore Estate, Lagos
Plot Size: 2,833 sqm
Title: Lagos State C of O (Lag C of O)
Indicative Land Value: 550,000 per sqm (Indicative total: 1,558,150,000)
Proposal: Open proposal ---
Premium: Nil
Facilitator Fee: 10%
Note: Images are for illustration purposes
BRIEF: SEMI MANDATE
Owners Seeks a vibrant & beautiful Residential or Mixed Use Development
Photos: Illustration purposes Only. (Land Owners View)
Completely open to Developer's Final Proposal
Overview
Exceptional JV opportunity on Gracefield Island --- a strategically located waterfront development node in the Chevron corridor. The 2,833 sqm C of O parcel sits within Gracefield Estate (Gravitas) offering strong development potential for luxury residential, waterfront villas, boutique apartments or mixeduse projects. The owner seeks a development partner under a flexible JV structure with no premium; sharing formula to be agreed.
Key Selling Points
- Premium waterfront/island location in Chevron --- high demand for quality residential and mixeduse product.
- Clean Lagos C of O title --- transaction and JV structuring straightforward subject to due diligence.
- Attractive plot size (2,833 sqm) enabling highvalue lowdensity development or segmented schemes.
- No premium required --- owner willing to enter JV without additional premium charge.
- Facilitator fee: 10% (to be confirmed in writing).
Potential Uses
- Luxury villas or detached waterside homes
- Lowrise boutique apartment development (2--4 bedroom units, penthouses)
- Mixed residential with amenity spaces (pool, private marina/jetty subject to approvals)
- Landbank for strategic longterm investment or phased development
Commercial Notes
- Indicative land valuation: 550,000 per sqm (owner's benchmark). Total indicative valuation: 1,558,150,000.
- Sharing formula: To be proposed by interested developer(s) --- owner open to equity-for-land, buildtosell, buildtorent or hybrid JV structures.
- Premium: Nil (owner will not require a premium on the JV).
- Facilitator/agent fee: 10% (agreement to be provided in writing).
Required Partner Profile & Documents
- Established developer or private equity partner with Lagos waterfront/midhigh end residential experience.
- Submission requirements: Letter of Interest (LOI), company profile, evidence of three (3) similar projects or relevant track record, proof of financing capacity or funding commitments, proposed JV term sheet (equity split, capex plan, timelines).
Due Diligence & Next Steps
1. Submit LOI and required documents.
2. Sign NDA (if requested) to receive full information pack: C of O copy, survey/site plan, estate regulations and service details.
3. Arrange site inspection and meeting with owner/representative.
4. Submit detailed JV proposal (sharing formula, financing plan, construction timeline).
5. Negotiate and execute JV term sheet and legal agreements; proceed with statutory approvals and development.
Confidentiality
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA. Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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REF: Ike O
