2,500 SQM OFF FREEDOM WAY, LEKKI – RICHMOND DRIVE
A high-value Joint Venture (JV) opportunity is now available off Freedom Way, Lekki, one of the most sought-after real estate corridors in Lagos. This property is located on Richmond Drive, a premium address surrounded by luxury developments, corporate residences, and high-income tenants.
This offer is semi-direct, ensuring credible access to the owner and a smooth transaction process for serious developers.
📍 LOCATION OVERVIEW: RICHMOND DRIVE, LEKKI
Richmond Drive off Freedom Way is a prime residential and investment hub within Lekki Phase 1, known for:
- Proximity to Freedom Way, Admiralty Way, and major commercial routes
- High concentration of luxury apartments and serviced residences
- Strong demand from professionals, expatriates, and corporate tenants
- Excellent rental yield and long-term capital appreciation
The area is ideal for high-rise residential developments, making it a perfect fit for the proposed project.
📐 PROPERTY DETAILS
- Plot Size: 2,500 square meters
- Location: Richmond Drive, off Freedom Way, Lekki
- Land Condition: Suitable for high-rise development
- Access: Well-connected and easily accessible
📄 TITLE & LEGAL STATUS
- Title: Governor’s Consent
This ensures a secure and bankable title, enabling seamless development approvals and investor confidence.
🏗️ PROPOSED DEVELOPMENT CONCEPT
The land is best suited for a high-rise residential project, specifically:
- High-Rise Blocks of Flats
- Luxury or serviced apartments
- Mixed unit configurations to maximize market demand
- Ideal for rental income, short-stay, or outright sales
The location supports vertical development, allowing developers to fully optimize land use and returns.
💰 LAND VALUE & JV STRUCTURE
- Land Value: ₦2.5 Billion
- Joint Venture Sharing Formula:
- 60% – Developer
- 40% – Land Owner
This sharing structure offers developers a strong equity position, making the project financially attractive and scalable.
🤝 FEES & TRANSACTION DETAILS
- Facilitator’s Fee: 10%
- Transaction Type: Joint Venture (JV)
- Engagement: Semi-direct to owner
👷♂️ DEVELOPER REQUIREMENTS
The owner is interested in partnering with:
- A reputable and experienced developer
- Proven capacity for high-rise construction
- Ability to fund and execute the project efficiently
- Strong project delivery track record
Only serious developers with verifiable experience are encouraged to engage.
✅ WHY THIS JV IS A STRATEGIC OPPORTUNITY
✔ Prime Freedom Way location
✔ Secure title (Governor’s Consent)
✔ Ideal size for high-rise development
✔ High rental and resale demand
✔ Developer-friendly 60/40 sharing ratio
✔ Strong capital appreciation potential
This is a rare opportunity to secure land in a fully developed Lekki axis, where supply is limited and demand remains strong.
📞 CONTACT & NEXT STEPS
For JV discussions, inspection, or proposal submission, please contact:
📲 Call / WhatsApp: 08034139285
This is a closeable JV opportunity. Only serious developers and investors should reach out.
Real