Joint Venture Opportunity – 1,500m² Mixed-Use Apartment Development in Victoria Island, Lagos
Lagos, South West, Nigeria
Price: Check with seller
A prime Joint Venture (JV) development opportunity is available on Musa Yar’Adua Street, Victoria Island, Lagos, one of Lagos’s most prestigious and strategically positioned neighbourhoods.
The property comprises approximately 1,500m² of land, with a stated land value of ₦3,000,000 per m², translating to an indicative land value of ₦4.5 billion.
The proposed development is a mixed apartment project designed to capitalize on the strong demand for quality residential accommodation in Victoria Island. The location offers excellent access to major commercial, business, hospitality, retail, and leisure destinations across Victoria Island and Lagos Island.
JV Details:
- Location: Musa Yar’Adua Street, Victoria Island, Lagos
- Land Size: 1,500m²
- Land Value: ₦3,000,000/m²
- Indicative Land Value: ₦4.5 Billion
- Development Proposal: Mixed Apartments
- Sharing Formula: Equal / 50:50
- Brokers’ Fee: 10%
- Development Potential: Luxury/mid-to-high-end residential apartments
- Suitable For: Experienced developers and investment partners
This opportunity is well suited to developers seeking a strategic residential development site in the heart of Victoria Island, with potential for an attractive return on investment.
