Ademola Adetokunbo Road, VI – 1,044.95sqm JV
Overview
Joint Venture Opportunity | Ademola Adetokunbo Road, Victoria Island, Lagos
A rare 1,044.95sqm land parcel located directly on Ademola Adetokunbo Road in core Victoria Island, suitable for a high-end residential, serviced apartment, or Grade A mixed-use development.
The property is covered by a Federal Certificate of Occupancy and comprises Plot 717A, Victoria Island Development Scheme. An existing old structure is on site and can be demolished for redevelopment.
The proposed development is suitable for a 7–10 storey project, with a stated potential Gross Development Value (GDV) of ₦20 billion+, subject to design, approvals, market conditions and development feasibility.
Deal Structure:
- Land Size: 1,044.95 sqm
- Land Value: ₦4,000,000,000
- Premium: ₦300,000,000
- Facilitators Fee: ₦400,000,000
- Title: Federal C of O
- Plot: 717A, Victoria Island Development Scheme
- JV Structure: 50/50 Profit & Unit Sharing
- Mandate: Semi-Direct
- Existing Structure: Yes – demolition/redevelopment
- Location: Ademola Adetokunbo Road, Victoria Island, Lagos
Interested developers are required to provide an LOI, facilitators' fee letter, company profile and proof of funds to proceed with inspection and further discussions with the mandate.
Location
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