Land for sale
Ikoyi, Lagos
️ for sale -- prime ikoyi property ️
bare land on bourdillon road, ikoyi, lagos
rare opportunity to acquire prime bare land directly on bourdillon road, one of ikoyi's most prestigious and highest-value corridors.
available options:
1,000 sqm -- federal government c of o
2,000 sqm -- federal government c of o
price:
₦3.5 million per sqm
location:
bourdillon road, ikoyi
post-development roi projection (indicative)
development use options
luxury residential apartments
serviced apartments / shortlet building
high-end mixed-use or corporate development
market benchmarks (bourdillon / old ikoyi axis)
luxury apartment sale price: ₦2.2b -- ₦3.5b per unit (depending on size & finishing)
serviced apartment rental yield: ₦120m -- ₦250m per annum per unit
high-end office/commercial rents: premium annual returns with strong tenant demand
roi outlook
development roi: estimated 30% -- 55% post-completion
capital appreciation (land): 10% -- 15% annually even without development
exit window: 24 -- 36 months ideal for development, faster for land resale
example -- 1,000 sqm (residential development)
land cost: ₦3.5b
development & construction: market-driven
projected gdv: ₦6.5b -- ₦8.5b
potential gross margin: ₦2b -- ₦5b+ (subject to design & market positioning)
example -- 2,000 sqm (luxury / mixed-use)
projected gdv: ₦13b -- ₦18b+
higher density allows stronger economies of scale and returns
why bourdillon road?
️ blue-chip ikoyi address
️ consistent demand from diplomats, expatriates & corporates
️ low vacancy and strong resale liquidity
️ bankable federal c of o title
serious enquiries only
08034694...
More details
₦3,500,000 per square meter
Dasilver Stone Int'l Ltd
08034694258