Key details

Type

Residential Land

Title

Certificate of Occupancy

Address

Admiralty way, lekki phase 1

Listing by

Owner

Property Use

Residential

Square meters

2,000 sqm

Type of Purchase

Outright Price

2000sqm Lekki Waterfront Land for Joint Venture Highlights

• Prime Lekki Location — Lekki Phase 1 is a well-established and sought-after residential area known for its accessibility and proximity to commercial hubs. Properties here often benefit from good infrastructure and a vibrant neighbourhood.
• Generous Land Size — A 2000sqm plot offers substantial space, suitable for building a large family home, multiple units, or extensive landscaping. This size provides flexibility for various development plans.
• Certificate of Occupancy — A Certificate of Occupancy (C of O) is a crucial land title document in Nigeria, signifying legal ownership and government consent for land use. It is generally considered a strong form of land title.
• Residential Zoning — This land is designated for residential use, meaning it is intended for building homes. Zoning regulations ensure that the area maintains its character as a place to live.
• Waterfront Potential — Properties with waterfront access can offer scenic views and a unique lifestyle. Proximity to water bodies can also influence property value and desirability.

Description

• Prime 2,000 sqm waterfront land located on Admiralty Way, Lekki Phase 1. • Joint Venture opportunity for a high-density/high-rise luxury apartment development. • Prospective partner required: a proven, capable financier and developer. • Land value: NGN 5.6 billion. Premium: NGN 400 million. • Title: Federal Certificate of Occupancy (C of O) and Lagos State Governor's Consent. • Sharing formula: 50% Developer, 50% Landowner. • Proof of funds and detailed finishing documents are mandatory for consideration. • Facilitators' fee: 10% of land value.

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