Commercial land for sale
Mike Adenuga Close, Off Adeola Odeku Street, Victoria Island (VI), Lagos
Prime commercial land for sale on mike adenuga close, off adeola odeku, victoria island, lagos
1,905 sqm lag c of o (cofo) title ₦2.5m per sqm ₦4.7625 billion total
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property overview
- location: mike adenuga close, off adeola odeku street, victoria island, lagos.
- land size: 1,905 sqm.
- title: lagos certificate of occupancy - family/private grant (cofo).
- price per sqm: ₦2,500,000.
- total asking price: ₦4.7625 billion.
- status: bare land.
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key highlights
- elite vi micro-location: prestigious, secure enclave moments from major corporate offices and embassies.
- substantial development footprint: nearly 1,905 sqm provides space for a landmark headquarters or luxury complex.
- premium pricing tier: positioned in the ultra-premium segment of the vi market.
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market context
the asking price of ₦2.5m per sqm is at the top of the current market. for context, recent listings on comparable prestigious streets like bishop oluwole show prices ranging from ₦1.1m to ₦2.2m per sqm. this premium may reflect the specific off-street enclave setting.
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️ development potential
- corporate headquarters
- ultra-luxury residential tower
- boutique hotel or serviced apartments
- mixed-use complex
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️ critical due diligence steps
1. title verification: confirm the cofo's authenticity at the lagos state lands bureau and investigate for any family disputes.
2. financial readiness: prepare proof of funds for the ₦4.8 billion acquisition.
3. negotiation: use market data as a basis for discussion, factoring in the specific title type.
ideal for: blue-chip corporations, top-tier development funds, and institutional investors.
a high-value asset in an exclusive vi enclave, requiring meticulous verificati...
More details
₦4,762,500,000
Ac Valour International
08036503218