Ikate, Lekki, Lagos
₦750,000
| Property Ref: 3219691 | Added On: 24 Nov 2025 | Last Updated: 15 Dec 2025 |
| Market Status: Available | Type: Land | Total Area: 3,500 sqm |
FOR SALE / JOINT VENTURE OPPORTUNITY --- RARE 3,500 sqm PRIME LAND (IKATE, LEKKI)
Owner's Mandate --- Direct Sale / JV Opportunity (Serious Developers Only)
Location: Ikate --- Off CIS Road, just behind Bella Vista Estate (off Freedom Way), Lekki, LagosTotal Land Size: 3,500 sqm --- Bareland, solid dry ground, fully fenced & gatedTitle: Governor's Consent + complete supporting documents (available for verification)Price: 750,000 per sqm
Why this is a can'tmiss opportunity
- Premium Lekki address: Ikate is a fully developed, highdemand neighbourhood with immediate access to major arteries, amenities and highnetworth buyers/renters.
- Developmentready: Fenced, gated, welldrained bareland --- reduces early site costs and speeds timetomarket.
- Scale & flexibility: 3,500 sqm provides meaningful scale for a highvalue residential or mixeduse scheme --- villas, boutique estate, serviced apartments, or luxury townhouses.
- Clean documentation: Governor's Consent and other relevant paperwork ready for due diligence --- fast, credible transaction.
Owner's Preferred Structure --- Important
The owner requires the entire 3,500 sqm deal to be completed together under the following condition:
- Immediate cash sale of 2,000 sqm to the purchaser (at 750,000/sqm) AND
- Simultaneous Joint Venture (landforequity) for the remaining 1,500 sqm with the same developer, executed at the same time.
Cash & JV Price Breakdown (clear and transparent)
- Unit price: 750,000 / sqm
- Total land value (3,500 sqm): 2,625,000,000 (2.625B)
- Cash acquisition required for 2,000 sqm: 2,000 x 750,000 = 1,500,000,000 (1.5B) --- paid to owner at sale
- Remaining land (1,500 sqm) to be contributed to JV as owner's equity for development and shared returns (JV economics to be agreed; see suggested structures below)
Suggested JV structures (flexible --- negotiable)
- Land-for-Equity: Owner contributes 1,500 sqm as equity; developer funds construction. Profit split example: 60:40 developer : landowner (negotiable) after costs.
- Build-and-Sale / Develop-and-Manage: Developer purchases 2,000 sqm and develops entire 3,500 sqm; owner retains 1,500 sqm as off-take or receives a cash/royalty share.
- Phased Development: Developer buys 2,000 sqm now for immediate projects and jointly develops remaining 1,500 sqm in phase two with agreed profit-sharing.
Recommended Uses (high-value, high-demand)
- Luxury detached villas or gated miniestate
- Highend townhouses or terrace duplexes
- Serviced apartments / boutique serviced residences
- Mixeduse scheme with retail at frontage and residential behind
- Corporate residential or executive housing
Investor Benefits
- Premium Lekki location with strong buyer/renter demand and rapid capital appreciation potential
- Large, contiguous parcel that enables master planning and higher returns per sqm
- Reduced initial site prep cost (fenced, dry, gated)
- Direct deal with owner ("owner's mandate") --- cleaner negotiation and faster close
- Flexible JV terms acceptable; owner motivated for partial immediate cash
Next Steps --- How we transact
1. Confidential enquiry & qualification --- serious developers only.
2. Site inspection & full document disclosure (Governor's Consent, survey, site plan, other documents).
3. Issue LOI / Heads of Terms confirming buy 2,000 sqm and JV interest on 1,500 sqm.
4. Execute SPA for the 2,000 sqm (deposit & completion terms) and a Term Sheet / JV Agreement for the 1,500 sqm (including profit split, management, timelines).
5. Close & commence development.
Due Diligence & Support
- Full documentation available for qualified buyers on request.
- We provide introductions to legal, planning and finance partners to accelerate transaction and development approvals.
This is a rare, strategic landholding in Ikate with ownerdriven, developerfriendly terms. Only serious, capable developers and investor groups should apply.
To arrange an immediate site visit, receive the title pack or discuss JV economics:
Owner is motivated; opportunities at this quality and scale in Ikate are rare --- act now. Give us half a try and get a full return.
#daka
