Joint Venture Development Opportunity - Monastery Road, Sangotedo

Joint Venture Development Opportunity - Monastery Road, Sangotedo - 1
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Price Analysis Above Market

Based on 1050 similar listings

Market Demand

High Demand

Details

Type
Mixed-use Land
Title
Certificate of Occupancy
Address
Monastery Road, Sangotedo
Access Road
Paved Road
Property Use
Mixed
Square meters
50,838 sqm
Type of Purchase
Outright Price

Joint Venture Development Opportunity - Monastery Road, Sangotedo Highlights

  • Prime Location & Accessibility: This property is situated in Sangotedo, a developing area with increasing commercial activity. It benefits from access via a paved road, ensuring ease of transportation and logistics.
  • Significant Land Area: With over 50,000 square meters, this plot offers substantial space suitable for large-scale development projects. Its size allows for diverse building options and future expansion.
  • Mixed-Use Development Potential: The land is zoned for mixed-use, making it ideal for a combination of residential, commercial, or retail spaces. This versatility can maximize return on investment.
  • Legal Title Certainty: The presence of a Certificate of Occupancy indicates that the land has been legally approved for development and use. This provides buyers with assurance regarding land ownership and legality.
  • Outright Purchase Option: This property is available for an outright purchase, offering a straightforward transaction process for interested buyers. It allows for immediate control and planning.

Description

• 50,838 sqm (approximately 80 plots) of prime, titled land directly on Monastery Road, Sangotedo. • Strategic location 200 meters from the Coastal Road, offering excellent connectivity within the Lekki Peninsula. • Ideal for large-scale developments such as a master-planned estate or phased residential projects. • Certificate of Occupancy (CofO) title ensures legal clarity for development. • Flexible JV structure and sharing formula open for negotiation with suitable development partners. • Total land value estimated at ₦3.6 billion, with a 10% facilitator's fee of ₦360 million.

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Joint Venture Development Opportunity - Monastery Road, SangotedoThis item
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TypeMixed-use LandFarmlandResidential Land
TitleCertificate of Occupancy—Certificate of Occupancy
AddressMonastery Road, SangotedoImeko AfonAlong Emmanuel Ogalla road, Katampe
Access RoadPaved Road——
Property UseMixedMixedResidential
Square meters50,838 sqm4,047 sqm5,200 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Price₦ 3,600,000,000₦ 3,000,000,000₦ 3,500,000,000