Off Freedom Way, Lekki Phase 1, Lekki, Lagos
₦100,000
| Property Ref: 3102624 | Added On: 19 Sep 2025 | Last Updated: 20 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 3,600 sqm |
*DIRECT DEVELOPER COMMUNICATION* (NO AGENTS. NO MANDATES)
Listing title
HighYield JV Opportunity ---
Project: Luxury MidRise Development (Block A Live, Block B Pipeline) ---
Land Size: 2000sqm
Location: Off Freedom Way, Lekki Phase 1
Premium: TBD
Facilitation: 10%
Overview
Exceptional, twophase jointventure opportunity in prime Lekki Phase 1: Block A is an ongoing, highvelocity luxury midrise with 18 premium units (16 x 2bed apartments + 2 penthouses). Ten units already sold --- strong market traction and immediate cashflow. Block B (identical scheme) is ready to commence. The project combines bestinclass finishes, advanced fire & soundproofing and highmargin penthouse product --- ideal for experienced equity partners or mezzanine lenders seeking attractive, nearterm returns in a proven micromarket.
Location
Off Freedom Way, Lekki Phase 1 --- highly sought residential address with excellent access to commercial hubs, retail and lifestyle amenities. Strong buyer pool (expats, executives and HNW individuals) supports premium pricing and rapid offtake.
Project snapshot --- Block A (current)
- Unit mix (Block A):
- 16 x 2bedroom apartments --- Asking price: 250,000,000 each
- 2 x 3bedroom penthouses (each with BQ, private cinema & Jacuzzi) --- Asking price: 475,000,000 each
- Unique product edge: only midrise in the immediate area offering fire & soundproof windows & doors, luxury finishes, private cinemas and jacuzzis in penthouses --- creates differentiated pricing power.
- Sales update: 10 of 18 units sold; remaining inventory = 7 x 2beds + 1 penthouse. Sellers report imminent price increase.
- Revenue projection (Block A):
- 16 x 2beds = 4,000,000,000
- 2 x penthouses = 950,000,000
- Total gross sales (Block A) = 4,950,000,000
Project pipeline --- Block B (upcoming)
- Identical replication of Block A (same unit mix, finishes and pricing) to start shortly.
- Projected gross sales (Block B) = 4,950,000,000
Combined project potential
- Two phases total gross sales = 9,900,000,000
- Strong sales velocity for Block A demonstrates market demand and derisked execution for Block B.
Funding need & investor opportunity
- Seeking equity partners or structured capital to complete Block A and fund Block B. Funding options: equity stake, subordinated/mezzanine debt or fixed interest return structures.
- Example ROI illustration (indicative):
- Investor funds: 500,000,000
- Conservative target return: 25% per cycle return 625,000,000 (principal + return)
- Larger participation scales proportionally; structured returns and exit timelines to be agreed.
Indicative commercial structures (examples for negotiation)
- Equity participation: pro rata profit share after cost recovery and sale receipts (detailed waterfall to be agreed).
- Preferred / mezzanine debt: fixed coupon with partial equity kicker (security by assignment of SPV shares or escrowed revenue account).
- Forward sale / JV: investor receives preallocated units or unitlinked revenue share on successful sales.(Note: Specific structure to be set out in Heads of Terms following investor selection and due diligence.)
Project status & delivery
- Block A: Construction ongoing; 5--10 units likely near practical completion (confirm site progress in dossier). Existing sales validated by contracts (available for review).
- Block B: Design, approvals and procurement strategies prepared for immediate start once funding partner confirmed (timeline to be agreed; typical construction cycle ~12--18 months depending on scope).
What the developer offers
- Established developer team with active construction on site and sales momentum.
- Detailed project pack available to qualified investors: sales schedule, current contracts, costtocomplete, project cashflow model, approved drawings and contractor details.
Investor prequalification & required documents
To progress, please submit:
1. Letter of Interest (LOI) or expression of interest (EOI)
2. Proof of Funds (bank reference / audited accounts)
3. Corporate profile and company RC documents (or personal KYC for private investors)
4. Brief investment approach (equity / debt / hybrid) and targeted participation amount
Due diligence & transparency
- On LOI and acceptable PoF, the developer will provide an NDA (if required) and full project data room containing: title documents, approvals, sales contracts, construction progress reports, costtocomplete, and financial model.
- Recommended investor checks: title & planning verification, contractor credentials, escrow/ security arrangements, insurance and stipulated drawdown milestones tied to certified progress.
Governance & risk mitigation (suggested)
- Drawdowns tied to certified milestones and independent quantity surveyor (QS) signoffs.
- Escrow arrangements for sales receipts or assigned SPV accounts.
- Joint oversight / project steering committee with investor representation.
- Performance guarantees, retention and defects liability clauses to be captured in formal JV agreement.
Why invest now
- Proven market appetite demonstrated by rapid sales in Block A.
- Premium, differentiated product (sound/fireproofing + cinema + jacuzzi) commands superior pricing and attracts highquality buyers.
- Replicable model: Block B ready to roll --- investor capital can capture double the upside in a single corridor.
- Clear exit routes: unit sales on completion, buyback options, or rental/serviced apartment operation.
Next steps & contact
1. Submit LOI + Proof of Funds.
2. Execute NDA and access data room.
3. Site visit and management meeting to review progress and financials.
4. Negotiate Heads of Terms and structure funding.
5. Execute legal agreements, escrow and mobilise funds for completion and Block B start.
For immediate consideration and confidential investor pack, contact:
Contact: Mr. Kola Adesina (EDBA)
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.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Ref: Zara
