📍 Location: Muri Okunola Street, Victoria Island (Prime frontage, directly facing the main road)
📐 Land Size: 3,305 sqm
💰 Land Value: ₦1.5 million per sqm
🏗️ Proposed Development: Mixed-Use (Open for Developer Proposal)
📄 Title: Complete Deeds & Survey
🤝 Agency Terms: 10% Agency Fee
💸 Premium: No Premium
📊 Sharing Ratio: To Be Determined (TBD)
🌇 Project Overview
This is a highly sought-after joint venture (JV) opportunity in the prestigious Victoria Island, Lagos, located on Muri Okunola Street, one of the busiest and most strategic commercial/residential corridors in the city.
With 3,305 sqm of prime land directly facing the main road, this property is ideal for a mixed-use development tailored to maximize profitability. The landowner is open to innovative and high-yield proposals from competent developers.
This opportunity requires no upfront premium, giving developers full creative freedom to design a project that delivers maximum returns.
🏗️ Proposed Development Concept
The JV allows developers to submit any viable mixed-use concept, including but not limited to:
- Commercial office buildings
- Retail complexes with serviced apartments
- Boutique hotels
- Luxury residential towers with amenities
Key Objective: Develop a profitable, sustainable, and modern project that leverages the prime location and high visibility of Victoria Island.
📊 Financial Snapshot
| Item | Description |
|---|---|
| Land Size | 3,305 sqm |
| Land Value | ₦1.5 million per sqm |
| Total Land Value | ≈ ₦4.96 Billion |
| Premium | None |
| Agency Fee | 10% of Land Value |
| Sharing Ratio | TBD (Negotiable based on Proposal) |
| Proposed Development | Mixed-Use (Open for Proposal) |
🧾 Developer Requirements
Interested developers must demonstrate competence and proven experience in high-quality real estate development. The following documents are required for evaluation:
- Letter of Intent (LOI) – Expressing interest in the JV
- Company Profile – Demonstrating project capacity, experience, and track record
- Agency Letter – Authorizing the facilitator to act on behalf of the developer
- Proposal Document – Detailed development plan, financial forecast, and project concept
Only serious developers with verifiable experience will be considered for partnership.
🌍 Why Invest in Victoria Island?
Victoria Island is one of Lagos’s most premium and strategically located zones, offering:
- High rental yields and capital appreciation potential
- Excellent road and transportation networks
- Proximity to business districts, shopping malls, and international offices
- Strong demand for mixed-use and high-quality commercial/residential spaces
- Prime location visibility for brand and tenant attraction
Investing here ensures long-term profitability and secure returns on development.
🏢 Title & Documentation
- Complete Deeds & Survey are available
- Clear title with no encumbrances
- Full legal documentation will be shared with verified developers
🤝 JV Structure & Terms
- Landowner Contribution: Land as equity
- Developer Contribution: Capital, technical expertise, and construction
- Profit Sharing: To be negotiated based on developer proposal
- Agency Fee: 10% of land value, payable upon successful JV closure
- Premium: None
This structure ensures a balanced and mutually beneficial partnership, allowing developers to design a project that maximizes returns.
📞 Contact & Partnership Inquiry
Serious developers or investors interested in this JV can reach out for site inspection, document verification, or proposal submission.
📱 Phone/WhatsApp: 08034139285
🔑 Summary Table
| Details | Description |
|---|---|
| Location | Muri Okunola Street, Victoria Island |
| Land Size | 3,305 sqm |
| Land Value | ₦1.5 Million/sqm |
| Total Land Value | ≈ ₦4.96 Billion |
| Proposed Development | Mixed-Use (Developer Proposal) |
| Premium | None |
| Sharing Ratio | TBD |
| Agency Fee | 10% |
| Required Documents | LOI, Company Profile, Agency Letter, Proposal Document |
🏁 Conclusion
This is a rare no-premium JV opportunity in Victoria Island, designed for visionary developers ready to deliver high-quality mixed-use projects in a prime Lagos location.
With complete deeds, prime road frontage, and open proposal format, this project presents a lucrative opportunity for profit, brand exposure, and portfolio growth.
👉 Contact us today to schedule your site inspection or submit your proposal. Serious inquiries only