1,450 SQM BY GENERAL PAINT, AJAH – LAGOS
A fresh and closeable Joint Venture (JV) opportunity is now available by General Paint, Ajah, a rapidly developing and highly accessible real estate corridor within the Lekki–Ajah axis. This property is ideal for cash-ready developers looking to execute a mid-scale residential project with strong market demand and quick absorption.
This JV is structured for fast delivery, with no premium required, making it a highly attractive proposition.
📍 LOCATION OVERVIEW: GENERAL PAINT, AJAH
The General Paint axis of Ajah is a well-known and fast-growing neighborhood offering:
- Easy access to Lekki–Epe Expressway
- Proximity to Ajah, Sangotedo, and Lekki Phase 1
- Growing residential and rental demand
- Strong appeal to middle- and upper-middle-income buyers
- Excellent connectivity to schools, malls, and business districts
This location supports both terrace and apartment developments with healthy returns.
📐 PROPERTY DETAILS
- Land Size: 1,450 square meters
- Location: By General Paint, Ajah, Lagos
- Land Condition: Suitable for immediate development
- Access: Motorable road and developed neighborhood
📄 TITLE & LEGAL STATUS
- Title: Governor’s Consent
This ensures secure ownership, ease of transaction, and smooth approval process for development.
🏗️ PROPOSED DEVELOPMENT OPTIONS
The land is flexible and supports multiple profitable development concepts, including:
🔹 Option 1: Terrace Development
- 9 units of 4-Bedroom Terraces, or
- 3-Bedroom Terraces with Boys’ Quarters (BQ)
🔹 Option 2: Apartment Development
- Luxury 2-Bedroom Flats in block configuration
Both options are market-tested and suitable for the Ajah axis, offering strong rental yield and resale value.
💰 LAND VALUE & JV STRUCTURE
- Land Value: ₦280,000,000
- Premium: Nil (No premium required)
- JV Sharing Formula: 60% – Developer / 40% – Landowner (in developer’s favor)
This structure significantly improves project feasibility and developer margins.
👷♂️ DEVELOPER REQUIREMENT
This opportunity is strictly for cash-ready developers who can demonstrate:
- Immediate funding capacity
- Proven residential development experience
- Ability to deliver within agreed timelines
- Commitment to quality execution
Only serious developers ready for delivery should engage.
💼 FEES & TRANSACTION TERMS
- Facilitator’s Fee: 10%
- Engagement: Direct and closeable JV
- Documentation: Available upon serious interest
📹 INSPECTION & MEDIA
- Video and full property details available on request
- Physical inspection can be arranged for qualified developers
✅ WHY THIS JV IS A SMART MOVE
✔ Strategic Ajah location
✔ No premium required
✔ Secure title (Governor’s Consent)
✔ Developer-friendly 60/40 sharing ratio
✔ Multiple development options
✔ High demand for terraces and luxury flats
This JV presents a low-entry, high-return opportunity in a growing residential market.
📞 CONTACT & NEXT STEPS
If you are a cash-ready developer seeking a fast, profitable JV opportunity, this project is worth immediate attention.
📲 Contact / WhatsApp: 08034139285
Strictly for serious and capable developers. This JV is clean, closeable, and ready for delivery.
Real