Description

A 4,417 square metre plot on Bourdillon Road, Ikoyi, Lagos, offered for a joint venture partnership with a proven developer for high-density, high-rise luxury apartments. The title is a Federal Government Certificate of Occupancy and the land is valued at 4,500,000 Naira per square metre. The proposed development is 50 units comprising 30 four bedroom apartments, 16 five bedroom apartments and 4 five bedroom penthouses, at 28 floors or more subject to Lagos State building authority approval. The sharing formula is 64 percent to the developer and 36 percent to the landowner, with a premium of 1,300,000,000 Naira net and a facilitators' fee of 10 percent of the land value; proof of funds is required.

Land Details