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Listing title
URGENT SALE --- 85% Completed 4‑Bedroom Terrace with BQ & Rooftop --- Banana Island Deed of Assignment ₦800,000,000
Overview
Rare, time‑sensitive opportunity to acquire an 85%‑completed 4‑bedroom terrace house with a self‑contained boys' quarter and private rooftop in prestigious Banana Island. Offered with Deed of Assignment, this property is ideal for buyers or investors able to complete and finish the project quickly. The owner requires immediate liquidity --- serious, qualified purchasers only.
Property summary
- Property type: 4‑bedroom terrace house (under construction, approx. 85% complete)
- Additional accommodation: Self‑contained boys' quarter (B/Q)
- Special feature: Private rooftop / roof terrace for entertainment or additional living space
- Location: Banana Island, Lagos --- one of Lagos's most exclusive residential addresses
- Title: Deed of Assignment (available)
- Price: ₦800,000,000 (Eight hundred million Naira) --- urgent sale
Current status & completion notes
- Construction progress: Approximately 85% complete (structural works, superstructure and major installations largely in place).
- Remaining works: Final MEP, internal finishes, joinery, tiling, kitchen fitting, sanitaryware, painting, external landscaping, snagging and handover works (detailed completion schedule to be provided on request).
- Completion flexibility: Buyer may elect to engage the existing contractor to finish the works or appoint their preferred contractor --- cost to complete will depend on specification and finishing standard.
Key features & potential (subject to final completion)
- Spacious 4‑bedroom layout with potential for en‑suite configurations (confirm exact current layout and as‑built plans)
- Private rooftop terrace --- ideal for al‑fresco entertaining, garden or leisure area with potential water/view benefits commensurate with Banana Island location
- Separate boys' quarter providing staff accommodation or additional income option
- Opportunity to customise final finishes, fixtures and internal layouts to buyer's specification prior to completion
- Prime Banana Island address ensures security, prestige and resilient capital value
Why buy (investment & purchaser appeal)
- Speed to ownership: Substantially completed structure shortens delivery time and accelerates ability to occupy, rent or resell.
- Cost & value opportunity: Buyer who can finish the property promptly may realise value uplift in an ultra‑prime micro‑market.
- Banana Island demand: High demand for turnkey, high‑quality family homes and executive residences with strong resale and rental prospects.
- Attractive for: high‑net‑worth families, corporate housing buyers, investors seeking quick turnaround, or buyers customising finishes to taste.
Title & documentation
- Title document: Deed of Assignment available and will be provided for verification to qualified buyers' solicitors.
- Additional documents: As‑built drawings, work‑progress photos and contractor details can be supplied on request (subject to NDA and proof of funds).
Due diligence & recommended checks
- Solicitor to verify Deed of Assignment, chain of title and any encumbrances.
- On‑site technical inspection and snagging survey to produce a completion scope and cost estimate.
- Verify utility connection status (power, water, drainage), service charges (if within estate) and compliance with estate covenants.
- Confirm planning/approval status and obtain any outstanding completion certificates if required.
Sale terms & process
- Sale price: ₦800,000,000 (firm --- quick completion of transaction preferred).
- Proof of funds: Required prior to release of detailed legal documents and for viewing arrangements.
- Negotiation: Given urgency, priority will be given to immediate, qualified buyers with clear funding.
- Transfer: Standard conveyancing process via solicitors; buyer to appoint counsel to complete title transfer and registration.
Viewing & next steps
- Viewings: Strictly by appointment only and to pre‑qualified buyers. KYC and proof of funds required before site access is granted.
- Documents available: Deed of Assignment, progress photos and preliminary as‑built plans available on request once buyer is pre‑qualified.
- To proceed: Submit LOI with proof of funds and company/individual KYC to arrange site inspection and receive the full completion scope and cost estimate.
Urgency note
Owner requires funds urgently --- this opportunity is offered for quick sale. Serious buyers with verified funds will be prioritised and progressed to immediate exchange and completion.
Disclaimer
All information is provided in good faith and is subject to independent verification. Exact completion percentage, remaining scope and final handing‑over requirements should be confirmed via technical survey and solicitor checks prior to any commitment.
Property Ref: 3105481 | Added On: 20 Sep 2025 | Last Updated: 20 Sep 2025 |
Market Status: Available | Type: House | Bedrooms: 4 |
Bathrooms: 4 | Toilets: 5 | Parking Spaces: 4 |
Banana Island is steeped in fascinating historical facts that enhance its allure. The area's captivating history, status as an artificial island, exclusivity, and prestigious address all contribute to its legendary reputation as a luxurious and refined haven. It is renowned as one of the most expensive neighborhoods in Africa, attracting affluent individuals from diverse backgrounds.
Banana Island offers a plethora of leisure and shopping options that cater to the refined tastes of its esteemed residents. Residents of Banana Island can indulge in high-end retail therapy, embrace the tranquility of lush green spaces, and enjoy the luxurious amenities provided by the exclusive relaxation centers. Oladimeji Shonubi Supermarket, Mr. Femi Superstores, Hartleys Supermarket, Kola Superstores, Banana Island Sports Field, Banana Island Park, and the Banana Island Club are prime examples of the leisure and shopping options available in Banana Island.
Banana Island proudly showcases a collection of prestigious estates that embody the essence of lavish living. These highly coveted residential developments feature architectural masterpieces that provide awe-inspiring vistas. Boasting top-notch facilities and unmatched seclusion, these estates are a testament to elegance, ensuring each resident experiences an unparalleled lifestyle. Among the distinguished estates on Banana Island are Happy Haven Estate, The Address Homes, Bella Vista Apartments, Grace Court, and Morgan Apartments.
Throughout the daytime, Banana Island buzzes with vitality, boasting a diverse selection of dining establishments, enjoyable venues such as the Banana Island Sports Field for families, and captivating establishments like the Hanging Basket Restaurant and the esteemed Chicken Republic. If you're in search of a destination suitable for the whole family, the nearby Youfine Art Gallery presents nature trails of art work, providing a delightful experience.
Banana Island provides a serene and exclusive residential atmosphere, making it an ideal place for residents seeking a peaceful lifestyle. It is primarily known for its residential properties and luxurious lifestyle rather than its nightlife scene. The island is a serene and exclusive area with a focus on privacy and security. However, for a livelier nightlife scene, residents can venture to nearby areas such as Victoria Island and Ikoyi, where one can find several upscale lounges, bars, and clubs that offer an unforgettable evening of entertainment. We have places like Escape Nightclub, Quilox, Sky Restaurant and Lounge, The Blowfish Hotel and Club, Caliente Club, and Escape Nightclub.
Banana Island not only boasts of magnificent residential estates and top-tier amenities but also grants residents access to exceptional educational institutions. Families seeking a world-class education for their children need look no further, as Banana Island International School stands as a beacon of prestige within this coveted community. Additionally, residents have the privilege of choosing from a range of esteemed schools in close proximity, including Greenwood House School, Meadow Hall School, and Lagoon School, all of which provide excellent educational options to meet the discerning standards of Banana Island's residents.
Read the full area guide for Banana Island, Ikoyi, Lagos.
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