A prime waterfront property has become available for a Joint Venture (JV) development in the prestigious Banana Island, Ikoyi, Lagos. This is an exceptional opportunity for credible developers and investors to create a luxury residential masterpiece in one of Lagos’ most exclusive neighborhoods.
📍 Location
Mixed Development Zone, Banana Island, Ikoyi, Lagos
- Situated in one of the most coveted addresses in Lagos, Banana Island is renowned for high-end residential properties, top security, and luxury lifestyle amenities.
- The property is strategically positioned for easy access to major roads, commercial hubs, and recreational facilities.
- Mixed Zone designation allows flexible development options, including high-end residential estates, detached luxury villas, or boutique developments.
📐 Land Details
- Total Size: 6,000 sqm (3,800 sqm main land + 2,200 sqm reclaimed land)
- Security: Fully fenced and gated
- Title: Federal Government Certificate of Occupancy (C.O.O)
The combination of prime location, reclaimed waterfront land, and ample space offers developers the flexibility to maximize design creativity and luxury amenities.
💰 Land Value & Financial Structure
- Land Value: ₦4 Million per sqm
- Premium: $2 Million (Negotiable)
- Facilitator’s Fee: 8%
Investment Highlights:
- No premium is required upfront for development, providing capital efficiency for construction
- Landowner is open to negotiation, making this a mutually beneficial JV structure
- Reclaimed land increases the total usable area, providing higher development potential and returns
🏗 Proposed Development
Luxury Detached Duplexes
- The property is ideal for high-end residential projects targeting executives, expatriates, and ultra-high-net-worth individuals
- Developers can design spacious, modern detached duplexes with waterfront views, creating one of the most desirable luxury enclaves in Lagos
- Opportunity to create a landmark development that sets a new standard for premium residential living
⚡ Key Considerations for Developers
- Credible developers only: Landowners require experienced developers with a proven track record in luxury residential or high-profile developments
- Prerequisites: Submission of Letter of Intent (LOI), company profile, and development proposal
- Sharing & Partnership Structure: To be agreed upon, ensuring a fair and transparent joint venture arrangement
- Prime Investment Potential: Banana Island consistently offers high capital appreciation, rental yield, and exclusivity
📞 Contact / WhatsApp
For serious developers and investors ready to explore this waterfront JV opportunity:
Contact/WhatsApp: 08034139285
Why This JV is a Rare Opportunity
Banana Island remains one of Lagos’ most prestigious and in-demand addresses. With 6,000 sqm of prime, partially reclaimed land, this JV offers:
- Exceptional waterfront views
- Flexible development potential
- Strong investment returns and prestige
- Opportunity to deliver a landmark luxury project
Serious developers who can deliver high-quality, high-profile residential projects are encouraged to act fast.