Ikate, Lekki, Lagos
₦1,500,000,000
| Property Ref: 2939936 | Added On: 25 Jun 2025 | Last Updated: 11 Oct 2025 |
| Market Status: Available | Type: Land |
NOTICE: *DIRECT DEVELOPER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
Investment Opportunity: Land for Sale/JV in Ikate by Verita Terrace
We are pleased to present a prime land opportunity for sale or joint venture (JV) in the desirable Ikate area, adjacent to Verita Terrace. This property offers significant potential for development and investment.
Property Details:
- Location: Ikate, beside Verita Terrace
- Land Size: 2,411 square meters
- Price: 1.5 billion (can be sold in half)
- Title: Global Certificate of Occupancy (C of O)
- Proposed Development: 50 apartments plus penthouses
- Timeline for Development: 24 months
Joint Venture Pre-Conditions:
- Land Value for JV: 1.7 billion
- Developer Responsibilities: The developer will be responsible for building approval processing and all associated fees.
- Land Owner Responsibilities: The land owner will cover the costs for governor consent processing and all related fees.
Financial Structure:
- Upfront Purchase: Buy 3 units upfront with a 50% payment upon signing, and the balance upon completion of the foundation.
- Proof of Funds Required: 1.5 billion
- Profit Sharing Ratio:
- Land Owner: 40%
- Developer: 60%
- Signing Bonus: 75 million
How We Operate:
1. Initial Consultation: Share your specific requirements with us, including your budget, desired location, and size preferences.
2. Dedicated Support: Our team will thoroughly review your request and assign you a dedicated relationship manager to assist you throughout the process.
3. Sourcing Properties: We prioritize sourcing conflict-free land and properties with clear titles to ensure a secure investment.
4. Due Diligence: Our team conducts comprehensive due diligence to verify all aspects of the property, ensuring transparency and reliability.
5. Site Visits: We arrange site visits to provide you with firsthand experience of the property and its surroundings.
6. Finalization of Purchase: Our legal support team will assist you in finalizing the purchase, ensuring that all legal requirements are met.
Explore Our Featured Properties:
We invite you to browse our portfolio of other featured properties, each offering unique investment opportunities tailored to meet diverse needs.
For further inquiries or to discuss this opportunity in detail, please do not hesitate to contact us. We look forward to partnering with you on this promising venture.
