Are you a serious real estate developer searching for a premium Joint Venture (JV) development opportunity in Lekki? This exclusive offer presents a strategically located bare land inside one of the fastest-growing luxury residential corridors in Lagos — Seagate Estate, Ikate-Elegushi.
This opportunity is ideal for developers looking to build upscale residential apartments, capitalize on the strong rental market, and maximize return on investment.
📍 Location: Seagate Estate, Kusenla Road, Ikate–Elegushi, Lekki
Seagate Estate is a highly desirable gated community surrounded by modern developments, luxury homes, and vibrant commercial activities.
Its strategic placement along Kusenla Road offers:
- Quick access to Lekki Phase 1
- Minutes from the Lekki–Ikoyi Link Bridge
- Proximity to Elegushi Beach
- Easy connection to major commercial hubs
- A serene, secure, and family-friendly environment
Any real estate project in this axis commands premium value and attracts high-end renters and buyers.
📏 Land Size: Approximately 2,389 SQM
The property consists of bare land measuring about 2,389 square meters, giving ample room for:
- Multi-floor residential blocks
- Modern luxury apartment units
- Adequate parking
- Green zones and recreational areas
- Premium architectural design
This makes it ideal for a high-yield apartment development project.
🏗️ Proposed Development: Block of Luxury Flats
The land is well-suited for a block of contemporary luxury flats, which aligns perfectly with market demand in Ikate-Elegushi.
Potential development concepts include:
- 1-bedroom and 2-bedroom serviced apartments
- 3-bedroom premium flats
- Penthouse units
- Ground-floor parking
- Gym, lounge, and recreational spaces
- Modern elevators and security features
Ikate’s rental market is extremely strong, making this a profitable investment for developers.
💰 Property Value: ₦2.5 Billion
The current valuation of the land is ₦2.5 billion, reflecting its prime location and high investment potential.
This JV allows a developer to maximize returns without the burden of purchasing the land upfront.
🤝 Sharing Formula: To Be Determined (TBD)
The sharing ratio between the landowner and the developer will be agreed upon during formal negotiations.
A fair and mutually beneficial structure will be finalized based on the project’s architectural proposal and financial model.
💼 Facilitators’ Fee: 8% (Net)
A facilitator’s fee of 8% of the property value applies and must be respected to ensure a smooth and transparent transaction.
📌 JV Engagement Procedure
To proceed with this Joint Venture opportunity, the following steps are mandatory:
1️⃣ Site Inspection
An on-site inspection must be conducted by the developer or their representative to confirm suitability and alignment with the proposed project.
2️⃣ Company Profile Submission
Developers must present a verifiable company profile demonstrating:
- Past completed projects
- Technical capacity
- Financial capability
- Experience with similar developments
3️⃣ Comprehensive Project Proposal
A well-detailed development proposal is required. This should include:
- Building concept
- Development timeline
- Funding structure
- ROI projections
- Architectural plan (if available)
4️⃣ Letter of Facilitator Fees Commitment
A formal letter acknowledging the agreed 8% facilitator fee must be issued before any direct engagement with the landowner.
⚠️ Important Notice
If your developer cannot comply with the above steps and procedures, please do not request a meeting with the landowner.
This is a serious JV offer strictly for credible, verified developers with proven capacity.
📞 Contact / WhatsApp for Enquiries and Inspection
For serious inquiries, partnership discussions, and inspection scheduling, contact:
📱 WhatsApp / Call: 08034139285