1,905 Sqm Land
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Property Description
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 verification.
Property Details
| Property Ref: 3316550 | Added On: 28 Jan 2026 | Last Updated: 28 Jan 2026 |
| Market Status: Available | Type: Commercial Land |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 5 months ago
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