1080sqm Residential Bareland for Joint Venture in VGC/Ajah

1080sqm Residential Bareland for Joint Venture in VGC/Ajah - 1
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Price Analysis Above Market

Based on 1986 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy
Address
Melrose park estate
Property Use
Residential
Square meters
1,080 sqm
Type of Purchase
Outright Price
Development Status
Fully Developed

1080sqm Residential Bareland for Joint Venture in VGC/Ajah Highlights

  • Prime Residential Location: This property is situated in a well-established residential area, offering a desirable neighbourhood for homeowners. Such locations often benefit from proximity to essential services and amenities.
  • Generous Land Size: With 1080 square meters, this plot provides ample space for constructing a substantial family home or multiple units. It allows for flexible design and landscaping options.
  • Ready for Development: The land is described as fully developed, suggesting that essential infrastructure like road access and potentially basic utilities may already be in place. This can significantly reduce initial construction timelines and costs.
  • Clear Title Deed: A Certificate of Occupancy (C of O) is a crucial legal document that confirms ownership and the right to use the land for its designated purpose. This provides security and facilitates future transactions.

Description

• Joint Venture opportunity for 1080sqm residential bareland. • Located in Melrose Park by VGC Ikota, a prime area in Ajah. • Proposal: Development of 2 units of fully detached houses. • Title: Certificate of Occupancy (C of O). • Land size: 1080 square meters. • Valuation: NGN 650,000,000. • Proposed sharing ratio: 50:50 between landowner and developer. • Facilitator's fee: 10% of the total value.

Compare

1080sqm Residential Bareland for Joint Venture in VGC/AjahThis item
1080sqm Residential Bareland for Joint Venture in VGC/Ajah
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TypeResidential LandMixed-use LandResidential Land
TitleCertificate of OccupancyDeed of ConveyanceGovernor's Consent
AddressMelrose park estateIdi-shin, IbadanGreen wood park estate
Property UseResidentialMixedResidential
Square meters1,080 sqm5,000 sqm6,738 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusFully Developed—Fully Developed
Price₦ 650,000,000₦ 600,000,000₦ 843,000,000