If you’re searching for a high-value Joint Venture (JV) development project in one of Lagos’ most prestigious and in-demand locations, this opportunity is tailor-made for you. A fully fenced and gated waterfront land located off Chibo Ofodile Street, Lekki Phase 1, is now open for a Joint Venture partnership with a serious and experienced developer.
Lekki Phase 1 remains one of the most sought-after high-end districts in Lagos, known for its luxury residential estates, premium commercial centers, corporate offices, entertainment hubs, and scenic waterfront views. This particular property stands out as one of the rare waterfront parcels still available for development, making it an exceptional opportunity for visionary investors.
📌 PROPERTY OVERVIEW
Land Size:
2,700 Square Meters
This size is perfect for a boutique luxury development or high-rise project, especially considering the zoning approval for vertical expansion up to 11 floors.
Location:
Off Chibo Ofodile Street, Lekki Phase 1 – Lagos
This is one of the most exclusive and serene waterfront locations in Lekki Phase 1, offering both privacy and premium visibility.
Title:
C of O (Certificate of Occupancy)
A secure and fully recognized land title, ensuring a smooth JV process and legal clarity.
Land Value:
₦3.7 Billion
This valuation reflects the premium nature of Lekki waterfront property—an area where land appreciation is consistent and predictable.
Facilitator Fee:
10%
Industry standard for premium land-based JV arrangements.
🌆 DEVELOPMENT POTENTIAL
This land is officially zoned to accommodate an 11-floor structure, giving developers the rare opportunity to maximize the land’s value through vertical development. This zoning approval makes it highly suitable for a variety of sophisticated, high-yield projects, including:
- Luxury waterfront apartments
- High-rise mixed-use residential tower
- Premium serviced apartments
- Boutique hotel development
- Corporate-style luxury suites
- Exclusive residential penthouses
- Waterfront lifestyle complex
With the scarcity of waterfront lands in Lekki Phase 1, this kind of zoning approval is extremely valuable and rarely available.
🔒 IMPORTANT NOTE FOR INVESTORS
The land cannot be shared.
This means the Joint Venture will follow a structure where the developer handles construction while the landowner receives agreed units or value upon completion—NOT a land-sharing arrangement.
This ensures:
- Landowner protection
- Clear project execution
- High-value structure for both parties
- Simplified JV negotiations
🌟 WHY THIS JV OPPORTUNITY IS OUTSTANDING
1. PRIME WATERFRONT LOCATION
Lekki Phase 1 waterfront is a top-tier real estate zone with high demand from affluent buyers and renters. Developments here command premium pricing.
2. SECURED & READY FOR DEVELOPMENT
The land is already fenced, gated, and titled with a C of O—eliminating the usual acquisition challenges.
3. ZONED FOR 11 FLOORS
This permits high-density luxury development, maximizing revenue potential.
4. STRONG MARKET DEMAND
Lekki Phase 1 continues to experience strong demand for luxury apartments, short-let units, and mixed-use waterfront properties.
5. Excellent ROI Potential
Waterfront properties in Lagos consistently offer some of the highest returns on investment due to limited availability and elite market appeal.
6. Strategic JV Model
The Joint Venture model ensures lower entry cost for developers and reduced risk for landowners.
📍 LOCATION ADVANTAGES
Lekki Phase 1 provides easy access to:
- Admiralty Way
- Lekki–Ikoyi Link Bridge
- Victoria Island
- Ikoyi
- Multiple premium malls, restaurants, lounges & corporate offices
- High-net-worth residential communities
- Entertainment and lifestyle centers
This makes the location ideal for attracting expatriates, corporate executives, and high-income residents.
📞 CONTACT FOR JV DISCUSSIONS & INSPECTION
Developers and investors who are ready to engage in a serious Joint Venture discussion can request inspection and documentation.
📞 Call / WhatsApp: 08034139285
All documents and verification materials are available on request.
Direct brief. No long chain.