Property Type: Residential Land / Joint Venture
Land Size: 2,831.09 sqm
Location: Katampe District, Abuja
Property Use: Residential Development
Title: To Be Determined (TBD)
Sharing Formula: 60:40 in favor of the developer
Premium: Nil
Facilitator’s Fee: 10%
Contact / WhatsApp: 08034139285
Overview
A rare joint venture opportunity is now available in Katampe, Abuja. This prime residential land of 2,831.09sqm is perfectly suited for developers seeking a profitable residential project in one of Abuja’s most desirable neighborhoods.
The property comes with a flexible joint venture structure, allowing experienced developers to partner with the landowner under a 60:40 profit-sharing formula. The deal is straightforward with no premium, and the facilitator’s fee is set at 10%.
This opportunity is ideal for townhouses, terraces, or a gated residential estate, making it perfect for investors looking to maximize returns in a high-demand location.
Key Features
- Land Size: 2,831.09 sqm – ample space for a mid to large-scale residential project
- Location: Katampe District – a central, well-connected area with high development potential
- Property Use: Residential development with mixed amenities
- Utilities Available: Car parking, domestic sewage, electric supply, gas supply, rainwater drainage, and water supply
- Sharing Formula: 60% for developer, 40% for landowner
- Premium: Nil – maximizing profitability for the developer
- Facilitator’s Fee: 10%
- Documents: Title To Be Determined; all legal checks to be completed
Investment Highlights
- Strategic Location: Katampe is in the heart of Abuja, offering excellent connectivity to government offices, schools, and commercial hubs.
- Flexible Development Potential: The land is suitable for residential estates, luxury homes, or mixed-use developments, depending on the developer’s vision.
- Joint Venture Structure: With a 60/40 sharing formula, the developer benefits from a majority share without having to purchase the land outright.
- No Premium Required: This ensures that the investor’s capital is fully focused on development rather than upfront fees.
- Facilitator’s Support: A 10% facilitator fee ensures smooth negotiation and project closure, while maintaining transparency.
Joint Venture Procedure
To ensure a smooth and secure transaction, interested developers should follow these steps:
- Send a Letter of Interest (LOI): Expressing your intent to partner on the project
- Property Inspection: A thorough review of the land and its surroundings
- Meeting with the Landowner: Discussion of project scope, sharing formula, and timelines
- Agreement Execution: Once terms are agreed upon, formalize the JV with all legal documentation
LOI Address:
The Land Owner
2831sqm, Katampe District, Abuja
Through: Abenego Engineering Nig Ltd
Why Invest in Katampe
- High Demand Residential Area: Katampe is growing rapidly, attracting developers and residents alike
- Potential for High ROI: The JV model ensures developers gain majority profits while minimizing upfront land costs
- Fully Equipped Utilities: The land already has access to essential services like electricity, water, sewage, and gas
- Strategic Development Opportunity: Ideal for townhouses, terraces, or a gated residential estate, with potential for long-term value appreciation
Pricing & Contact
- Land Size: 2,831.09 sqm
- Land Value: To Be Determined
- Total Asking Price for JV Opportunity: ₦1,000,000,000
- Sharing Formula: 60:40 for Developer
- Premium: Nil
- Facilitator’s Fee: 10%
- Contact / WhatsApp: 08034139285
This Katampe JV land represents a prime investment for serious developers looking to execute profitable residential projects in Abuja. With no premium required, flexible JV terms, and full facilitator support, this is an opportunity not to be missed.
Ji