Location: Christ Avenue, Lekki Phase One, Lagos
📐 Land Size: 1,200 sqm
💰 Current Land Value: ₦1.7 Billion
🏗️ Proposal Type: Open Development Partnership
🤝 Facilitator’s Fee: 5% of Land Value
🌇 Project Overview
An exceptional Joint Venture (JV) opportunity has just opened up in the heart of Lekki Phase One, one of Lagos’s most desirable and rapidly appreciating residential hubs.
The property, located along the serene and prestigious Christ Avenue, presents a unique chance for visionary developers to partner directly with the landowner to create a landmark residential or mixed-use development.
📍 Location Advantage – Christ Avenue, Lekki Phase One
Christ Avenue sits within the premium axis of Lekki Phase One, known for its secure environment, well-planned road network, and luxury developments.
The area is surrounded by top-rated amenities, including:
- Schools: Greensprings School, Lekki British School
- Shopping: The Palms Shopping Mall, Lennox Mall
- Hospitals: Evercare, Lagoon Hospital
- Entertainment: Leisure Mall, Admiralty Way Restaurants
- Connectivity: 5 mins to Lekki-Epe Expressway and 15 mins to Victoria Island
This makes Christ Avenue ideal for high-end residential apartments, duplex estates, or luxury terrace homes with guaranteed high returns on investment.
💡 Proposal Details
The landowner seeks a competent and experienced developer to partner in delivering a project that optimizes the site’s full potential.
Developer’s Flexibility:
The developer is free to propose:
- The type of structure (e.g., luxury apartments, duplexes, terrace homes, or serviced flats)
- The project design and layout
- The sales and marketing plan
Primary Objective:
To maximize profitability while maintaining the exclusivity and premium nature of Lekki Phase One.
🧱 Development Scope & Potential Ideas
While the final concept is open to developer input, below are some potential profitable development options for this 1,200 sqm land:
- Luxury 8–10 Unit Apartment Block
- 3-bedroom luxury flats with BQ
- Target Market: Upper-middle class professionals & investors
- Estimated ROI: 35–40%
- Contemporary Terrace Duplexes (5–6 units)
- 4-bedroom terraces with modern finishing
- Target Market: Families & expatriates
- Estimated ROI: 30–35%
- Mixed-Use Residential + Shortlet Apartments
- Ground floor retail + upper floors for serviced apartments
- Target Market: Airbnb/Shortlet operators
- Estimated ROI: 40–45%
📊 Financial Summary
| Item | Description |
|---|---|
| Location | Christ Avenue, Lekki Phase One |
| Land Size | 1,200 sqm |
| Land Value | ₦1.7 Billion |
| JV Structure | Developer–Landowner Partnership |
| Premium (Entry Fee) | Nil |
| Facilitator’s Fee | 5% of Land Value |
| Profit Sharing | To be mutually agreed upon |
| Expected ROI (Developer) | 30–45% depending on concept |
🧾 Developer Requirements
Interested developers must demonstrate:
- Proven track record of completed real estate projects in Lagos or similar markets
- Financial capacity to fund construction and project delivery
- Technical expertise in high-quality residential or mixed-use development
- Project management competence and marketing strategy
Only serious developers with verifiable experience and capacity will be considered for partnership.
🤝 Joint Venture Terms
The sharing formula between the landowner and developer will be finalized upon review of the developer’s proposal, design concept, and feasibility study.
Key JV Highlights:
- Developer funds 100% of construction
- Landowner contributes land as equity
- Both parties share profit/units after completion based on agreed ratio
- No premium required
- Facilitator’s fee is 5% of land value
📄 Land Documentation
- Title: Governor’s Consent (Registered)
- Survey Plan and Deed Available for Inspection
- No encumbrances or disputes
All documentation will be presented to qualified developers after due diligence and signing of a Non-Disclosure Agreement (NDA).
🌍 Why Invest in Lekki Phase One?
Lekki Phase One remains one of Nigeria’s most stable and high-yield real estate zones, known for:
- Constant demand for luxury housing
- Strong rental income from expatriates and corporate tenants
- Excellent infrastructure and accessibility
- Consistent land appreciation rates (15–20% annually)
Building here means tapping into a lucrative and secure real estate ecosystem.
📞 Contact & Partnership Inquiry
Interested developers or real estate investors can reach out for site inspection, JV discussion, or proposal submission.
📱 Phone/WhatsApp: 08034139285