Prime 2861sqm Of Pristine Land On Offer

Property Ref : 3564566

Residential land joint venture

Dr Kennedy Drive, Osapa, Lekki, Lagos

₦1,000,000,000

Features

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Joint Venture Opportunity ---
Prime 2,861 sqm Land on Dr. Kennedy Drive, Osapa
C of O

Quick Facts

- Location: Dr. Kennedy Drive, Osapa
- Site Area: 2,861 sqm (please confirm if the original figure requires amendment)
- Title: Certificate of Occupancy (C of O)
- Proposed Scheme: Terrace housing development (detailed design to be agreed)
- Land Value: 1,000,000,000 (One Billion Naira)
- Premium: 300,000,000 (Three Hundred Million Naira)
- Facilitators' Fee: 10% of the agreed consideration (indicative: 100,000,000 based on stated land value)
- Transaction: Closer-friendly --- structured for swift completion

Why this JV is attractive

- Highly sought-after Osapa location with strong residential demand and attractive resale/rental prospects for terrace developments.
- Secure, marketable title (C of O) reduces acquisition risk and accelerates contracting.
- Competitive pricing and a clearly-stated premium create a straightforward commercial framework for partnership.
- Facilitated process and seller readiness support an efficient, low-friction transaction.

Proposed development opportunity

- Terrace housing units, configured to market demand and local planning parameters --- ideal for mid- to upper-market buyers or investors seeking quick turnover.
- Feasibility and unit mix to be finalised in collaboration between the owner and selected developer to optimise yield and compliance.

Developer requirements (recommended)

- Demonstrable track record in residential developments, preferably within Lekki/Ikoyi/VI corridors or similar high-end Lagos suburbs.
- Ability to mobilise funding promptly and execute to a mutually-agreed programme.
- Willingness to agree commercial terms including premium and facilitator fee structure.

Owner's contributions

- Titled land with C of O.
- Commercial terms as stated (land value, premium).
- Cooperation in securing any additional approvals and handover documentation as required.

Financial summary (indicative)

- Stated land value: 1,000,000,000
- Premium payable: 300,000,000
- Facilitators' fee: 10% of the agreed consideration (indicative: 100,000,000 based on the stated land value)
- Final payment structure and milestones to be agreed in the JV agreement

Due diligence & documentation (required)

- Original C of O and evidence of ownership --- available for verification
- Survey plan and site coordinates --- confirm boundaries on site inspection
- Development brief or preliminary concept (if available) --- to be provided by owner/developer
- Developer to submit: LOI, company profile, project references, proof of funds and detailed project proposal/programme
- Legal searches at the Lands Registry and verification with relevant authorities (recommended)

Procedure / Next steps

1. Submit LOI, company profile, proof of funds and a brief project proposal.
2. Preliminary vetting and document verification by the owner/agent.
3. Site inspection and meeting to agree commercial and delivery terms.
4. Negotiate and sign Heads of Terms/JV Agreement including payment schedule, responsibilities and timelines.
5. Mobilisation and execution per agreed programme.

Note
All information provided is by the owner/agent. Prospective partners must perform independent due diligence and obtain professional advice prior to commitment. Terms are subject to contract and may be refined following site verification and negotiation.
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