Purpose Built Commercial Building (former Bank) For Acquisition

Listing titleFor Sale --- Vacant Commercial Property (Former Bank) --- c.1,220 sqm, Adeola Hopewell Street, Victoria Island LASG Land Certificate ₦3.3B

OverviewRare commercial opportunity on prestigious Adeola Hopewell Street, Victoria Island: a vacant, purpose‑built former bank site on approximately 1,220 sqm of land. Offered with a Lagos State Government Land Certificate, this prime corner/road‑facing parcel is ideal for corporate headquarters, branch banking, premium retail, mixed‑use redevelopment or an institutional investor seeking a high‑profile island asset. Immediate possession available for a purchaser ready to reposition or re‑occupy.

Property summary

- Property type: Vacant commercial site (former commercial bank premises)
- Land area: Approximately 1,220 sqm
- Location: Adeola Hopewell Street, Victoria Island, Lagos --- high‑value commercial corridor with strong corporate & retail demand
- Title: Lagos State Government Land Certificate (LASG) --- certified copies available to qualified buyers
- Asking price: ₦3,300,000,000 (Three billion, three hundred million Naira)

Asset highlights & strategic advantages

- Former bank building: existing secure layout, vault/safe areas and strong service infrastructure that reduce conversion time and cost for similar uses.
- Premium frontage and visibility on Adeola Hopewell --- excellent exposure to vehicle and pedestrian traffic in central Victoria Island.
- Island location: immediate access to corporate offices, financial institutions, hotels and high‑end retail --- prime catchment for corporate tenants and F&B.
- Clear LASG title supports straightforward transfer and institutional financing options.

Suitability / suggested end‑uses

- Corporate headquarters or multi‑level office building
- Bank branch or financial services campus (ready‑adaptable from previous use)
- Boutique hotel, serviced apartments or executive suites (subject to planning)
- Retail flagship, high‑end showroom or mixed‑use redevelopment (retail podium with offices/residences above)
- Medical clinic or diagnostic centre serving Victoria Island professionals

Key features & technical notes (to be confirmed)

- Existing building shell and service cores from prior bank occupation --- internal fit‑out adaptable to new tenant need (detailed floorplans available on request).
- MEP backbone likely present (secure rooms/vaults, heavy electrical distribution) --- buyer to verify condition and suitability during inspection.
- On‑site parking potential (confirm allocation) and excellent drop‑off access for clients/visitors.
- Strong security footprint (suitable for high‑value occupiers) and robust street presence.

Due diligence & recommended checksProspective purchasers should conduct standard pre‑purchase checks including:

- Verify LASG Land Certificate and chain of title with buyer's solicitor; check for encumbrances.
- Obtain certified site survey and confirm exact site dimensions and boundaries.
- Technical inspection: structural appraisal, MEP survey, roof and facade condition and remediation estimate if required.
- Planning & zoning: confirm permitted uses, allowable coverage and any height restrictions with Lagos State planning authority for proposed redevelopment.
- Utilities & services audit: power capacity, water supply, drainage and telecom connectivity checks.
- Environmental/contamination screening where applicable, and fire/safety compliance review.

Transaction process & viewing

- Viewings: Strictly by appointment for qualified buyers --- proof of funds / company profile required before release of full dossier and site access.
- Documentation: Certified LASG Land Certificate and site dossier available to authorised parties under NDA.
- Offers: Submit Letter of Intent (LOI) with buyer credentials and PoF; shortlisted bidders will receive further particulars and be invited to inspect.
- Completion: Standard solicitor‑led conveyancing, with purchaser responsible for legal fees, stamp duty and registration costs unless otherwise agreed.

Why acquire this asset now

- Prime Victoria Island sites with clear title and good road frontage are scarce --- immediate strategic value for owner‑occupiers and investors.
- The prior bank use reduces conversion lead time for finance/secure occupiers and supports a rapid reopening or re‑let strategy.
- High long‑term capital preservation and rental demand in Victoria Island's core commercial district.


Important noticeAll information is provided in good faith and should be independently verified. The seller reserves the right to accept an offer at any time. Availability and price are subject to prior sale and negotiation.

Ref: Daka