Palm City- Captains Court, Lekki, Lagos
₦360,000,000
| Property Ref: 3231188 | Added On: 01 Dec 2025 | Last Updated: 15 Dec 2025 |
| Market Status: Available | Type: Residential Land | Total Area: 1,296 sqm |
JOINT VENTURE - 100% CLOSABLE IN 3 DAYS FLAT
DIRECT DEVELOPER COMMUNICATION- NO AGENTS
Size:1,296 sqm at
Location: Lekki Palm City, Ajah
Land Vauation: N360m
Premium: Nil
Facilitation: 10% Land Value
Sharing formula: 50:50
Title: Governor's Consent
Quick Snapshot
Opportunity: Joint Venture --- landowner seeking developer partner
Size: 1,296 sqm
Location: Lekki Palm City, Ajah --- prime, fastgrowing estate with strong developer activity and highquality residential buildup
Title: Governor's Consent (clean and transferable)
Valuation: 360,000,000
Proposed Development: 4 x fully detached luxury residences
Equity Split: 50/50 Landowner : Developer
Facilitator's Fee: 10% (payable on successful close)
Closing: 100% closable --- target completion of JV execution within 3 days
Why This Deal Is Irresistible
Rapid close: All documentation is ready for immediate review and execution --- this JV can be legally agreed and mobilized in as little as 72 hours, enabling developers to start value creation almost immediately
- Strong, clean title: Governor's Consent provides credible, marketaccepted security for lenders and partners --- minimal title risk and quick transfer/registration processes.
- Prime estate dynamics: Lekki Palm City is experiencing a visible, highquality buildup --- developers are erecting superb detached properties and estate amenities, creating strong demand, premium pricing, and excellent resale/rental prospects.
Compact, highvalue parcel: 1,296 sqm is ideal for four luxury detached homes --- efficient site use, high perunit value, and strong margins in the Ajah/Lekki corridor.
True JV upside: 50/50 equity split means the developer retains substantial returns while the landowner maintains longterm upside; attractive for both buildtosell and buildtolet strategies.
Suggested Quick JV Structure (Designed for 3Day Close)
Day 1 --- Submit LOI, Proof of Funding of financial capability, Engage facilitators letter bound by IMFPA
Day 2 --- Land inspection by developer then to the site office to sit face to face with landowner. Legal documentation due diligence check by developer finalize & sign JV Agreement and development timelines; agree on cost recovery mechanics and profit distribution; confirm mobilization plan with landowner
Day 3 --- Execution & mobilization: exchange original title documents i, developer mobilizes procurement and site setup; facilitator fee (10%) payable on successful completion of transaction as agreed.
Financial Snapshot (Indicative)
Land value: 360M
Units: 4 detached residences --- highend positioning expected to command premium prices per unit in Lekki Palm City
Attractive perunit land cost and strong margin potential when combined with quality execution and premium positioning
Value Drivers
Immediate execution capability --- close now, build now.
Governor's Consent reduces gating issues with regulators and financiers.
Highdemand location with ongoing estate uplift and neighboring quality builds.
Flexible development model --- buildtosell or buildtolet depending on developer strategy.
What We Need from the Developer
Proof of finance or funding plan
Track record / company profile and relevant project references
Agreement to 50/50 JV terms and facilitator fee structure
Readiness to mobilize within days of signing
Next Steps --- How to Close in 3 Days
1. Confirm interest and provide developer credentials.
2. Schedule sameday site visit and document review.
3. Sign Heads of Terms and place agreed escrow/deposit.
4. Execute JV Agreement and exchange necessary documents.
Facilitator
Facilitator's Fee: 10% payable on successful closure of the JV.
Contact
Reply now or send your preferred contact details to receive full documentation, arrange an immediate site inspection, and lock in a 3day closing schedule. This opportunity is ready --- closable in a matter of days.
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