Premium Joint Venture Opportunity on Milverton Road, Ikoyi, Lagos – 3,820sqm

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.