Prime Residential Development in a High-Demand Neighborhood
A strategic Joint Venture (JV) opportunity is now available at Ajao Estate, Anthony, one of Lagos Mainland’s most established and highly sought-after residential estates. This offering presents an excellent opportunity for experienced property developers and investors to collaborate on a high-yield residential development in a prime location with strong rental and resale demand.
📍 LOCATION – AJAO ESTATE, ANTHONY
- Estate: Ajao Estate
- Area: Anthony, Lagos
- Environment: Fully developed, residential, and secure
Ajao Estate is well-known for its central location, accessibility, and strong infrastructure, with easy connections to:
- Ikeja
- Maryland
- Gbagada
- Oshodi
- Lagos Island via major expressways
The estate continues to attract professionals, families, and corporate tenants seeking convenience and quality living.
📐 LAND DETAILS
- Land Size: 850 Square Metres
- Land Value: ₦280 Million
This land size is ideal for structured residential development with optimal use of space and modern design.
🏗️ OWNER’S DEVELOPMENT REQUIREMENT
The landowner’s preferred development is:
- Four (4) units of 4-bedroom duplexes with Boys’ Quarters (BQ)
However, the owner is also open to alternative development proposals, provided the proposal is:
- Profitable
- Well-structured
- Suitable for the location
- Mutually beneficial to both parties
This flexibility allows capable developers to present innovative concepts backed by strong feasibility analysis.
🤝 JOINT VENTURE STRUCTURE
- Sharing Formula: 50% / 50%
- Facilitator’s Fee: 10% of Land Value
The JV structure ensures equal benefit and shared upside between the landowner and the developer.
📜 TITLE & DOCUMENTATION
- Title:
- Deed of Assignment
- Red Copy Survey Plan
These documents confirm ownership and provide a solid foundation for further perfection and development approvals.
🏗️ TECHNICAL NOTE
- Foundation Requirement: Piling is required, subject to soil test confirmation
- Property Pictures: Available on request
Developers experienced in pile foundation projects will be best positioned to execute this development efficiently.
📈 WHY INVEST IN AJAO ESTATE?
- Prime Lagos Mainland location
- High residential demand and limited land availability
- Suitable for luxury duplex development
- Strong rental yields and resale value
- Secure and established estate environment
Projects in Ajao Estate typically enjoy quick market absorption and long-term capital appreciation.
📑 ENGAGEMENT PROCESS
Interested developers and investors are expected to:
- Submit a Letter of Interest (LOI)
- Conduct site inspection
- Present a development proposal or architectural concept
- Agree on specifications, timelines, and JV terms
- Execute JV documentation
Only serious and capable developers are encouraged to engage.
📞 CONTACT & ENQUIRIES
For JV discussions, inspection scheduling, property pictures, and documentation review:
📱 Call / WhatsApp: 08034139285
🔔 FINAL NOTE
Joint venture opportunities in Ajao Estate, Anthony are increasingly rare due to land scarcity and rising property values. This opportunity offers a solid platform for delivering a premium residential development with shared risk and high return potential.
Real