Prime 2,766 Sqm Joint Venture Development Land on Awolowo Road, Ikoyi, Lagos
Overview
An exceptional Joint Venture Development opportunity involving approximately 2,766 sqm of prime bare land strategically located at 9A Awolowo Road, Southwest Ikoyi, Lagos.
The property is positioned in one of Lagos’s most prestigious and sought-after districts, making it highly suitable for an upscale mixed-use development targeted at the luxury residential and premium commercial market.
The landowners are seeking a reputable and financially capable development/construction partner to undertake the development of a high-rise luxury mixed-use apartment project.
Proposed Development Concept:
Luxury high-rise apartment development
80–90% Residential use
10–20% Commercial use
Premium architectural design and high-end finishes
Development to be undertaken by a reputable construction/development company
Suitable for a landmark residential and commercial project in Ikoyi
LAND SIZE: 2,766 sqm
LAND VALUE: ₦2,500,000 per sqm
TOTAL LAND VALUE: ₦6,915,000,000
BROKERAGE FEE: 10% of land value
BROKERAGE FEE VALUE: ₦691,500,000
TITLE DOCUMENTS: Federal Government and Lagos State title documents.
This opportunity is ideal for established property developers, institutional investors, real estate investment companies, and reputable construction firms seeking a premium development site in Ikoyi.
Location
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