08039426967 • [email protected]
Ikoyi, Lagos
₦2,300,000
| Property Ref: 2650721 | Added On: 08 Jan 2025 | Last Updated: 09 Jan 2025 |
| Market Status: Available | Type: Land |
TERMS & CONDITIONS FOR JOINT VENTURE at BOURDILLON ROAD, IKOYI, LAGOS.
Prospective partne: A proven capable financier & developer for the construction of high density/high-rise top notch luxury apartments.
Plot size: 2281m2.
Title: Federal Government Certificate of Occupancy.
Value of the land: N2.3m/m2.
Type of Development: High density/high-rise mix of 30 units of contemporary top luxury 4-bedroom maisonettes including 6 units 4/5-bedroom penthouses with modern facilities & amenities.
Height: Permissible height by physical planning authorities.
Architects: Paradigm/Rumis. (Developers may present their designs but if both parties disagree on the designs, it will be outsourced to Paradigm/Rumis.)
Construction firm: Elalan, Cappa & D'Alberto, Al Mansour, etc.
In-house builders will be considered if the standard/portfolio (in Ikoyi) matches those of the preferred grade A contractors.
Sharing formula: Developer 65%/Landowner 35%.
Premium: N600m (deductible upfront from landowners' portion).
Proof of availability of funds to start & finish the project (eg., Bank statement or guarantee or whatever the institution you plan to use).
Detailed finishing documents.
Facilitators' fee: 10% of land value (negotiable).
