Investors and developers seeking high-yield real estate opportunities in Lagos will find this joint-venture development project particularly attractive. A 1,600 sqm parcel of prime land is available on Oba Yesufu Abiodun Way, Oniru, strategically located on the same road as City of David Church, one of Lagos’ well-known landmarks. This location ensures high visibility, accessibility, and strong market demand.
Property Overview
- Land Size: 1,600 sqm
- Location: Oba Yesufu Abiodun Way, Oniru, Lagos
- Valuation: ₦2.5 billion
- Title: Certificate of Occupancy (C of O)
- Premium: None payable by the developer
This is a joint-venture arrangement offering a 50:50 profit-sharing model, making it ideal for developers who want to execute a project without the upfront cost of land acquisition.
Proposed Development Configuration
The land is perfectly suited for a mid- to high-rise residential development, designed to maximize rental income and capital appreciation:
- Structure: 8–12 floors
- Units per Floor: 3–4 units
- Total Units: 24–48 units, depending on the final configuration
This configuration allows flexibility for apartments or maisonettes, catering to both middle- and high-income tenants.
Planned Amenities
The development is designed to offer modern lifestyle conveniences, ensuring high desirability among potential tenants or buyers:
- Ground-floor lobby for a welcoming and luxurious entrance
- Podium parking to accommodate residents’ vehicles and visitors
- Generator house to provide uninterrupted power supply
- Recreational deck for leisure, social gatherings, and relaxation
These amenities enhance the premium appeal of the development while ensuring a functional, secure, and comfortable living environment.
Strategic Location Benefits
- High Visibility & Accessibility: Situated on a busy and well-known road, with easy access to Victoria Island, Lekki, and Ikoyi.
- Proximity to Landmarks: Being on the same road as City of David Church adds prestige and recognizability.
- Growing Residential Demand: Oniru is experiencing rapid urban development, with a growing demand for modern apartments and maisonettes.
- Investment Security: The area’s Certificate of Occupancy (C of O) ensures secure land ownership and peace of mind for developers and investors.
Why This Joint-Venture is Attractive
- No Land Cost for Developer: The developer only contributes construction expertise, while the landowner provides the land.
- 50:50 Profit Share: Ensures both parties benefit equally from rental income and property sales.
- Flexible Development Options: Apartments or maisonettes can be tailored to market demand.
- High ROI Potential: Oniru’s strategic location and premium development features guarantee strong returns and long-term capital appreciation.
Conclusion
This 1,600 sqm joint-venture development land on Oba Yesufu Abiodun Way, Oniru represents a rare investment opportunity in Lagos’ high-demand residential market. With a prime location, flexible development potential, modern amenities, and a fair profit-sharing model, it’s a perfect project for developers looking to maximize returns without upfront land costs.
Secure this joint-venture opportunity today and capitalize on the growing demand for luxury residential units in Oniru, Lagos.