6,326sqm | Residential Zone | LASG C of O | 50/50 JV Structure
An exceptional Joint Venture (JV) development opportunity is now available on Gerrard Road, Ikoyi, one of Lagos’ most prestigious and tightly held residential corridors. This offering presents a rare chance for experienced developers and real estate investors to partner with a landowner on a large-scale luxury residential development in Ikoyi’s prime residential zone.
With direct road frontage, clear title, and a well-defined JV structure, this property is ideal for high-rise luxury apartments targeted at high-net-worth individuals, expatriates, and corporate tenants.
📍 Property Overview
- Location: Gerrard Road, Ikoyi, Lagos
- Zone: Residential Zone 31
- Plots: A & B
- Land Size: 6,326 square meters
- Title: Lagos State Government Certificate of Occupancy (LASG C of O)
- Land Value: ₦3.5 million per square meter
- Premium: Nil
- JV Sharing Ratio: 50% (Landowner) / 50% (Developer)
- Facilitators’ Fee: 8% NET
- Inspection: Property is accessible for inspection
- Contact / WhatsApp: 08034139285
🌍 Prime Location: Gerrard Road, Ikoyi
Gerrard Road is one of the most sought-after residential streets in Ikoyi, known for its exclusivity, serenity, and proximity to key commercial and lifestyle hubs. The area attracts:
- Senior corporate executives
- Diplomats and expatriates
- High-net-worth individuals
- International tenants
- Luxury real estate investors
The property benefits from excellent road access, a secure neighborhood, and close proximity to Ikoyi business districts, schools, healthcare facilities, embassies, and high-end recreational centers.
📐 Land Size & Development Potential
With a generous 6,326sqm land mass, this property provides ample space for a well-planned luxury high-rise development.
Owner’s Development Expectation:
- Minimum of twin 15-floor towers
- Adequate and well-structured parking spaces
- Compliance with Ikoyi residential zoning and planning regulations
This land size allows for:
- Luxury apartments (2–4 bedroom units)
- Serviced residences
- High-end penthouses
- Modern amenities such as gyms, swimming pools, lounges, and green areas
- Underground and surface parking solutions
🏗️ Ideal for High-End Residential Development
Given its location and zoning, this JV is best suited for:
- Luxury apartment towers
- Premium residential condominiums
- Serviced apartments for expatriates
- High-yield rental investment projects
Ikoyi remains one of the strongest rental and capital appreciation markets in Nigeria, with sustained demand for luxury housing.
📄 Secure Title – LASG Certificate of Occupancy
The property is backed by a Lagos State Government Certificate of Occupancy (C of O), offering:
- Clear and government-recognized ownership
- Ease of development approval
- Smooth financing and project structuring
- Strong resale and investment security
This significantly reduces risk and accelerates the development timeline.
🤝 Joint Venture Structure (Clear & Developer-Friendly)
- JV Model: Landowner–Developer partnership
- Sharing Ratio: 50% (Landowner) / 50% (Developer)
- Premium: None
- Land Contribution: Landowner
- Development & Funding: Developer
This structure allows the developer to:
- Avoid upfront land purchase costs
- Channel capital fully into construction and finishing
- Achieve strong ROI in a prime location
💰 Land Valuation
- Land Value: ₦3.5 million per square meter
- Total indicative land value: Competitive for Gerrard Road considering size, title, and frontage
Properties in this axis consistently record high sales values and rental yields, making the JV economically attractive.
🧾 Facilitators’ Fee
- Facilitators’ Fee: 8% NET
- Payable upon successful transaction conclusion
🔍 Inspection & Due Diligence
- Property is open and accessible for inspection
- All relevant documents available for verification
- Serious developers and investors encouraged to inspect and conduct due diligence promptly
⭐ Why This JV Opportunity Stands Out
- Prime Gerrard Road location
- Large land size suitable for high-rise luxury development
- Clear LASG C of O title
- No premium required
- Balanced 50/50 JV structure
- Strong demand for luxury residences in Ikoyi
- Excellent capital appreciation and rental prospects
📞 Call to Action
This is a rare and premium Joint Venture opportunity in the heart of Ikoyi, ideal for credible developers and institutional investors seeking a landmark residential project.
📌 Inspection strictly by appointment
📌 Serious inquiries only
Contact / WhatsApp: 08034139285
Reach out today for:
- Full JV terms
- Site inspection scheduling
- Document review
- Professional transaction support
Real