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₦ 4,000,000/sqm
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PID: 4NWFJBanana Island Ikoyi Lagos
Last updated 2025-12-02 07:23:12.0
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Safety Tips
- Do not make any inspection fee without seeing the agent and property.
- Only pay Rental fee, Sales fee or any upfront payment after you verify the Landlord.
- Ensure you meet the Agent in an open location.
- The Agent does not represent PropertyPro and PropertyPro is not liable for any monetary transaction between you and the Agent.
Description
*JV @ BANANA ISLAND* *Size:* 4,947.766sqm vacant land in a residential area of Banana Island, Ikoyi, Lagos. VALUE:- #4m/sqm TITLE:- C of O. PROPOSAL:- Flats/Maisonettes and Penthouses on 6 floors FACILITATOR'S FEE:- 10% of total land value. Premium = Nil Proposal with Animations available on request. Sharing= 50:50 Our intention is to develop the landed property, to design, build and finance the 18 Luxurious dwelling types of 3 bedrooms apartments(6 units), 5 bedroom penthouses,(6 units), 5 bedroom maisonettes (6 units). We are proposing that proceeds from the sale of the 2 blocks on 5 suspended floors will be shared 50:50 *Projected Revenue:* ? $6m/pent, (600sqm each).. $4m/maisonette (400sqm each) and $2m/aparments (200sqm each) ? 30% discount for off-plan sales. *PROCEDURE* A. BEFORE INSPECTION: - Letter of Intent - Letter of facilitators fee - Company’s Profile NB: Now no premium again. USD$2m premium is off now. B. AFTER INSPECTION: - ?Detail preliminary proposals - Proof of Funds - Past Projects Details - JV Agreement - Payment of Facilitators fee
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