Premium Joint Venture Opportunity on Milverton Road, Ikoyi, Lagos – 3,820sqm
Lagos, South West, Nigeria
Price: Check with seller
Prime Joint Venture (JV) development opportunity located on the prestigious Milverton Road, Ikoyi, Lagos, one of Lagos’s most sought-after residential and investment destinations.
The property comprises approximately 3,820sqm of prime land with a Federal Certificate of Occupancy (C of O), providing a solid title foundation for a high-end residential development.
The proposed development is for luxury apartments with maisonettes and/or penthouses, with a maximum development target of 30 units. The location and proposed unit mix are well suited to the premium Ikoyi residential market, offering strong potential for an upscale, well-positioned development.
JV Commercial Terms
- Location: Milverton Road, Ikoyi, Lagos
- Land Size: 3,820sqm
- Title: Federal Certificate of Occupancy (C of O)
- Land Value: ₦4,000,000 per sqm
- Estimated Land Value: ₦15,280,000,000
- Development Proposal: Luxury Apartments with Maisonettes/Penthouses
- Maximum Units: Not more than 30 units
- Premium: US$1,000,000
- Sharing Ratio: 50/50
- Facilitator's Fee: 7% of Land Value
This opportunity is suitable for experienced developers and investors seeking a premium residential development site in Ikoyi, with a clear JV structure and a high-end development concept.
