Nigeria Property Centre

Commercial Land for Rent in Ikoyi, Lagos

There are 21 land for rent in Ikoyi as of 19 Sep 2026, with an average price of ₦125M. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.

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Premium
₦230,000 /mo

Commercial land for rent

6, 600SQM Land

CWL1645 This exceptional 6,600sqm land plot in Old Ikoyi, Lagos presents a rare leasehold investment opportunity in one of the city's most sought-after residential and commercial districts, available at ₦230,000 per square metre on flexible lease terms of 5--10 years with upfront payment. The substantial size and prime Old Ikoyi location make this land for lease ideal for corporate headquarters, residential development, institutional projects, commercial car lots, or recreational facilities-offering versatile development potential in a neighbourhood renowned for its prestige and accessibility. As a significant real estate asset in Old Ikoyi, Lagos, this 6,600sqm plot benefits from established infrastructure, proximity to key business hubs, and strong capital appreciation prospects, making it an attractive proposition for developers and institutional investors seeking long-term leasehold holdings. The transparent lease structure, combined with the property's strategic location and scale, positions this offering as a compelling alternative to land for sale in Old Ikoyi for investors prioritising operational flexibility over outright ownership. Contact us to arrange a comprehensive site visit and discuss customised lease terms for your development or corporate requirements. Property Features: - Corporate use - Residential development or Institutional project- - Car lot - Recreational- park Financial Details: - Price: ₦230,000 - Agency Fee: 10% gross lease value - Legal Fee: 10% gross lease value Old Ikoyi ₦230,000 for more information, pricing and private viewing Please Contact: Emmanuel: 09088072106 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate

Old Ikoyi, Ikoyi, Lagos
C W Real Estate
1068SQM Vacant Commercial Plot — Banana Island, Ikoyi, Lagos
Premium
6
₦80,000,000 /yr

Commercial land for rent

1068SQM Vacant Commercial Plot

Commercial land measuring 1068sqm for long lease located within the Mixed-Use Zone, Banana Island Estate, Ikoyi, Lagos. Site details: Square-shaped site, Front Plot, Flood-free site; 1068sqm, etc. Suitability: Erection of temporary structures, Car Show-Room, Gym, Shopping Mall, Construction equipment storage, etc. Term: Minimum of 5 Year Lease. Rent is NGN80,000,000 (EIGHTY million naira ONLY) per annum. All pricing are as at august 19, 2025 and subject to adjustment. Kindly note: (1) All enquiries could be made between 8:00am -- 7:00pm (Monday -- Friday) and between 8:00am -- 2:00pm (Saturdays); (2) Our offices (including phone-lines) are closed on Sundays; (3) Viewing/inspection is only by appointment; (4) We require 2-Hour (minimum) advance notice for property viewing/inspection; (5) You can also reach us via these channels: [email protected]; +234(0)8059149400; +234(0)8188040221. Best Regards.

Banana Island, Ikoyi, Lagos
1068 sqm
First Colony Real Estate Company LTD
Premium
₦250,000 /yr

Commercial land for rent

2700 SQM Bare Land Along a Major Road

Direct Brief We have bare land of 2,700sqm for lease on Alfred Rewane Road ikoyi 3 years max. N250k/sqm. Asking rent.

Alfred Rewane, Ikoyi, Lagos
Ben Wealth Properties
A Land Measuring 2900 SQM — Facing Awolowo, Ikoyi, Lagos
Premium
2
₦435,000,000 /yr

Commercial land for rent

A Land Measuring 2900 SQM

Available for lease in old ikoyi Land Size For Lease 2,900sqm 150k per sqm/ Annum Location: off Bourdilion Ikoyi The Land is Facing Awolowo Road Minimum: 5 Years Lease awdsunvic

Facing Awolowo, Ikoyi, Lagos
2900 sqm
Awodd Properties LTD
Prime Land for Commercial Use in Secured Area — Off Glover Road, Old Ikoyi, Ikoyi, Lagos
Premium
9
₦130,000,000 /yr

Commercial land for rent

Prime Land for Commercial Use in Secured Area

For long lease in ikoyi: A 1,300m² parcel of land off Glover Road @ #130m/a asking .Terms : 5 years lease PS: No permanent structures are allowed.

Off Glover Road, Old Ikoyi, Ikoyi, Lagos
1300 sqm
Divention Properties Limited
Commercial Land Measuring 1, 300SQM — Reeve Road, Ikoyi, Lagos
Premium
1
₦120,000,000 /yr

Commercial land for rent

Commercial Land Measuring 1, 300SQM

Hot land for lease Fenced land measuring approximately 1300sqm on reeve road ikoyi, Lease terms: 10 years Initial payment: 5 years Legal and Agency 10% each

Reeve Road, Ikoyi, Lagos
1300 sqm
Walere Properties Link Enterprise
Premium
₦80,000,000 /yr

Commercial land for rent

Ikoyi Land Lease

Ikoyi land lease Fully fenced 1000m2 of empty land on off McPherson Ikoyi. Price : N80m/annum Asking 3years maximum duration.

Mcpherson, Ikoyi, Lagos
1000 sqm
Go Global Realty
Fenced and Gated Land Measuring 1068SQM — Banana Island, Ikoyi, Lagos
Featured
6
₦95,000,000

Commercial land for rent

Fenced and Gated Land Measuring 1068SQM

Land for Lease @ Banana Island, Ikoyi Land Size 1068 SQM Fenced & Gated Location: Banana Island Estate Ikoyi mixed-use zone Rent: NGN95M per annum let's have your offer Note: perfect for car park or storage, so much more... (temporary structures is allowed base on landowner Approval) Bepr/W

Banana Island, Ikoyi, Lagos
Oip Properties
Prime Commercial 1600SQM Land — Ikoyi, Lagos
1
₦125,000,000 /yr

Commercial land for rent

Prime Commercial 1600SQM Land

Secure a prime 1,600sqm commercial land in the prestigious Ikoyi, Lagos. Offering excellent accessibility and a strategic location, this property is ideal for businesses seeking a long-term lease in one of Lagos' most sought-after commercial districts. Suitable for a wide range of commercial developments, this site presents an excellent opportunity for corporate organizations, hospitality operators, healthcare facilities, and other commercial ventures. Property Details Location: Ikoyi, Lagos Property Type: Commercial Land Land Size: 1,600sqm Annual Rent: ₦125,000,000 Lease Term: 10 Years (Upfront Payment) Property Highlights Prime Ikoyi Location 1,600sqm Land Parcel Suitable for Commercial Development Excellent Accessibility High-Visibility Location Long-Term Lease Opportunity Suitable Uses Corporate Headquarters Office Development Healthcare Facility Educational Institution Hospitality Development Showroom Commercial Plaza Investment Highlights Prestigious Ikoyi Address Long-Term Commercial Lease Excellent Business Environment Strong Commercial Potential Prime Development Opportunity Ideal Tenant This property is ideal for corporate organizations, developers, healthcare providers, educational institutions, hospitality brands, and investors seeking a premium commercial site in Ikoyi. Rent ₦125,000,000 per annum Lease Term 10 Years (Upfront Payment) Location Ikoyi, Lagos Land Size 1,600sqm Property Type Commercial Land

Ikoyi, Lagos
1600 sqm
C W Real Estate
Commercial 2900SQM Land — Ikoyi, Lagos
1
₦150,000

Commercial land for rent

Commercial 2900SQM Land

Presenting an exceptional leasing opportunity in the prestigious Old Ikoyi, Lagos. This expansive 2,900sqm commercial land is strategically located in one of the city's most sought-after business and residential districts, offering excellent accessibility and outstanding development potential. Ideal for businesses seeking a premium address, this property provides the flexibility to accommodate a wide range of commercial developments and operations. Property Features 2,900sqm commercial land Prime location in Old Ikoyi Development-ready site Suitable for commercial and mixed-use developments Excellent accessibility High-visibility location Secure and prestigious neighborhood Strong commercial and investment potential Suitable For: Corporate headquarters Office complex Banking hall Showroom Healthcare facility Educational institution Hospitality development Retail development Mixed-use commercial project Other approved commercial activities Ideal Tenant This property is ideal for corporate organizations, multinational companies, financial institutions, healthcare providers, hospitality brands, educational establishments, and developers seeking a premium commercial location in Old Ikoyi. Lease Details Lease Rate: ₦150,000 per sqm per annum Land Size: 2,900sqm Location: Old Ikoyi, Lagos

Ikoyi, Lagos
2900 sqm
C W Real Estate
₦120,000,000 /yr

Commercial land for rent

Fenced Commercial Land

Hot commercial land for long lease Fenced land measuring approximately 1300sqm in Ikoyi, by Reeves road Rent: 120M yearly Lease terms: 10 years Initial payment: 5 years Legal and Agency 10% each

Reeves Road, Ikoyi, Lagos
15 Parking 1300 sqm
Astute Realtors
₦125,000,000 /yr

Commercial land for rent

Prime Commercial Land Measuring 1, 600 SQM

Prime Commercial Land Measuring 1,600 sqm Good for Commercial Use in Ikoyi, Lagos This is a rare opportunity to secure a substantial 1,600 sqm parcel of land in a highly strategic and prestigious part of Ikoyi, Lagos. Located along Ikoyi, this property offers excellent visibility, accessibility, and commercial potential, making it particularly suitable for businesses and investors seeking a prime location within one of Lagos' most established and sought-after neighbourhoods. The property's generous land size and strategic Ikoyi location make it well suited for a range of approved commercial uses, subject to the applicable planning and regulatory requirements. Potential uses may include: Corporate offices Commercial facilities Hospitality-related development Showrooms Lifestyle or leisure facilities Other suitable commercial ventures Features Prime location Excellent accessibility Substantial 1,600 sqm land area Long-term 10-year lease Suitable for commercial use Located within a prestigious and well-established neighbourhood Strong potential for businesses seeking a strategic Lagos address Rent: N125,000,000/Annum upfront 10years lease Image code: CPP LD440 To schedule a viewing, send a dm or call +234 813 868 2907 or +234 911 064 9112

Ikoyi, Lagos
1600 sqm
Casa Prime Realty
₦493,000,000 /yr

Commercial land for rent

2900SM Land for Commercial Use

2900sm land on Kingsway Road commercial use 170k per sm

On Kingsway Road, Old Ikoyi, Ikoyi, Lagos
2900 sqm
R.W Properties & Consultant LTD
₦120,000,000 /yr

Commercial land for rent

950 SQM of Land

For Lease 950 sqm of land at Reeve Road, Ikoyi. Usage: church or any use that could constitute noise pollution is not allowed. Term: 5years lease Rent: 120million per annum . Video Available. Ola

Reeve Road, Ikoyi, Lagos
950 sqm
Hova Oy Concept
950SQM Land — Ikoyi, Lagos
1
₦120,000,000 /yr

Commercial land for rent

950SQM Land

Land for Lease semi 950 sqm of land at old Ikoyi Lagos. Usage: church or any use that could constitute noise pollution is not allowed. Rent: 120million per annum Agency 10% Legal discussable Term 5years Video available x

Ikoyi, Lagos
950 sqm
Wifis and Avaland
₦725,000,000 /yr

Commercial land for rent

Commercial Land Measuring 2900SQM

Prime roadside commercial land in ikoyi ikoyi SQM: 2900sqm 250k/sqm per annum Minimum lease term: 2 years

Alfred Rewani, Old Ikoyi, Ikoyi, Lagos
Rosemond Hills Limited
₦435,000,000 /yr

Commercial land for rent

2900SQM of Land Available

Available for lease in old ikoyi Land Size For Lease 2,900sqm 150k per sqm/ Annum Location: Off Bourdillon Ikoyi Minimum: 5 Years Lease

Off Bourdillon Road, Old Ikoyi, Ikoyi, Lagos
Rosemond Hills Limited
₦100,000,000 /yr

Commercial land for rent

1, 000SQM Land

*Available for Lease 1,000sqm land @ Ikoya Avenue ikoyi , for lease maximum 3 yrs N100m asking per annum Video available

Ikoyi Avenue Ikoyi, Old Ikoyi, Ikoyi, Lagos
1000 sqm
R.W Properties & Consultant LTD
₦435,000,000 /yr

Commercial land for rent

Commercial Land

At jul 26

Kingsway Road, Ikoyi, Lagos
2900 sqm
Niretch Services LTD
Bare Land Lease — Off Bourdilion, Old Ikoyi, Ikoyi, Lagos
5
₦100,000 /yr

Commercial land for rent

Bare Land Lease

Old ikoyi land lease [3 years max lease term] It's a profitable Fenced & Gated land for lease in a very strategic position,off Bourdilion,old ikoyi. Accessible Top Street Central position Bare 1O0M per annum agency 10% Legal 10% Salis

Off Bourdilion, Old Ikoyi, Ikoyi, Lagos
1000 sqm
Go Global Realty

Showing 1–20 of 21 properties

Area Guide

About Ikoyi, Lagos

By and large, Ikoyi is a posh neighbourhood with a mishmash of exquisite residential apartments and commercial presence.

Ikoyi borders the Lagos Lagoon and takes up the eastern half of Lagos Island. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.

Originally, the British Colonial Governments designated Ikoyi as a residential area for the expatriate community perhaps due to its proximity to the sea. However this arrangement changed with time with big establishments locating their corporate headquarters at Ikoyi. Ikoyi is home to the creme de la creme of the Nigerian society, from diplomats to senior company, business executives and senior public servants.

Read the full area guide
FAQ

Frequently asked questions

The average price of commercial land for rent in Ikoyi, Lagos is ₦125,000,000 per annum.

The price of the most expensive commercial land for rent in Ikoyi, Lagos is ₦725,000,000 per annum.

The price of the cheapest commercial land for rent in Ikoyi, Lagos is ₦250,000 per annum.

There are 21 available commercial land for rent in Ikoyi, Lagos. You can view and filter the list of property by price, furnishing and recency.