Lekki Phase 1 continues to stand out as one of Lagos’s most prestigious and rapidly developing residential and commercial neighborhoods. With its serene environment, easy access to key city points, and growing demand for luxury housing, this area represents a golden opportunity for savvy investors and property developers.
We are excited to present a prime 1,600 square meter land parcel available for a Joint Venture (JV) development, strategically located behind Tantalizers on Admiralty Road, one of the most sought-after locations in Lekki Phase 1. This property promises a lucrative return on investment for experienced developers with a proven track record in luxury residential projects.
Location Advantage: Lekki Phase 1
Location is a critical factor in real estate investment, and this land sits in an enviable spot behind Tantalizers, one of the well-known landmarks in Lekki Phase 1. Its proximity to key amenities such as shopping centers, schools, hospitals, and recreational facilities makes it an ideal choice for luxury residential development.
Lekki Phase 1 is a neighborhood that combines modern infrastructure with a serene residential atmosphere. The area is characterized by wide roads, well-planned streets, and high-end residential estates. The location also offers easy access to Lekki-Epe Expressway, making commuting convenient for residents and enhancing property value over time.
Property Details
Here’s a detailed breakdown of the property:
- Land Size: 1,600 sqm – ample space for high-end construction while allowing for creative architectural designs, landscaped gardens, and parking spaces.
- Land Title: Governor’s Consent – ensuring full legal ownership and the confidence of investors.
- Ideal Development: The land is perfect for a block of luxury flats with penthouses, catering to the increasing demand for high-quality residential units in Lagos.
- Land Value: ₦2,000,000,000 – reflecting the premium nature of the location and its investment potential.
This property is not just a land purchase; it is a strategic investment in a high-demand area with significant upside potential for developers.
Joint Venture (JV) Proposal
The landowner is open to joint venture partnerships with financially capable developers. Here are the key terms:
- Premium: ₦200,000,000 (Non-Negotiable) – this upfront payment secures the opportunity to participate in this prime development.
- Profit Sharing: To Be Determined (TBD) – the terms will be discussed with interested parties to ensure mutually beneficial returns.
- Facilitator’s Fee: 10% – this ensures the smooth processing of the JV arrangement.
A joint venture offers developers the chance to leverage this prime land without purchasing it outright, reducing upfront capital requirements while sharing the profits once the project is completed.
Who Should Invest
This opportunity is ideal for developers who:
- Are financially ready: The owner seeks developers who can commit quickly and handle the premium and construction costs without delays.
- Have experience in luxury projects: Preference will be given to developers who have successfully completed similar high-end residential or mixed-use developments in Lekki Phase 1 or comparable neighborhoods.
- Seek long-term value: Investors looking for a combination of immediate returns and long-term property appreciation in a prestigious location.
By partnering with a seasoned developer, the landowner ensures that the project meets the high standards expected in Lekki Phase 1 while maximizing the value of the property.
Potential Development: Luxury Flats and Penthouses
The land size and location make this property ideal for a block of luxury flats with penthouses. Lagos has a growing market for high-end residential units, with many young professionals, expatriates, and high-net-worth individuals seeking secure, well-designed homes in prime locations.
Some potential features of the development could include:
- Modern architectural design with contemporary finishes
- Spacious apartments with 2–4 bedrooms
- Penthouse units with private terraces and panoramic views
- Concierge services and high-end security systems
- Parking facilities and landscaped gardens
- Amenities such as gyms, pools, and lounges
With the right developer, this project has the potential to become one of the landmark residential properties in Lekki Phase 1.
Investment Potential
Investing in this land offers multiple advantages:
- High Demand for Luxury Housing: Lekki Phase 1 continues to attract high-income residents, ensuring a ready market for luxury flats.
- Strategic Location: Close to schools, shopping malls, recreational centers, and major roads.
- Legal Assurance: The land comes with Governor’s Consent, giving investors full confidence in the title.
- JV Flexibility: Developers can leverage the joint venture model to reduce upfront costs and share profits with the landowner.
- Significant ROI: With luxury housing prices in Lekki Phase 1 trending upward, the potential returns on this project are substantial.
Why This Opportunity Stands Out
Unlike other land parcels, this property is unique due to:
- Its prime location behind a popular landmark on Admiralty Road
- The ready JV structure, making it easy for developers to start immediately
- Clear legal ownership (Governor’s Consent)
- Flexibility in design, allowing developers to create a high-end residential masterpiece
This combination of location, legal assurance, and development potential makes this JV opportunity rare and highly desirable.
How to Take Action
The owner is ready to move forward with financially capable developers only. If you are an experienced developer looking for a high-return project in one of Lagos’s most prestigious neighborhoods, this is your chance to secure a prime land parcel with JV terms.
📞 Contact/WhatsApp: 08034139285
Interested developers can reach out directly to discuss the JV terms, site visits, and project potential. Early engagement ensures priority consideration.