A 3,900 Sqm Commercial Land With Existing Structure (hotel Asset)
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Property Description
EXCLUSIVELY FOR DIRECT CLIENTS ONLY
Property Type: Commercial Land with Existing Structure (Hotel Asset)
Location: Prime District, Overlooking Eko Atlantic, Lagos
Financial Summary
Price: ₦4,500,000,000
Property Details
Land Size: 3,900 sqm
Existing Development: 32-Room Hotel
Title: Certificate of Occupancy (C of O)
Property Highlights
Rare large-scale commercial land in a prime, high-visibility location
Strategic positioning overlooking Eko Atlantic and key commercial corridors
Existing 32-room hotel structure suitable for upgrade, repositioning, or redevelopment
Excellent accessibility within a major business and lifestyle hub
Strong frontage and visibility, ideal for premium commercial use
Surrounded by high-end developments, corporate offices, and luxury residences
Development Potential
Ideal for luxury hospitality redevelopment or boutique hotel concept
Perfect for an upscale events centre or entertainment complex
Suitable for mixed-use commercial redevelopment (retail, office, lifestyle)
High-demand location with strong appeal to both local and international investors
Investment Insight
This is a standout commercial opportunity in one of Lagos' most sought-after corridors. With proximity to Eko Atlantic and consistent demand for premium real estate, the asset offers significant upside for redevelopment, repositioning, or long-term capital appreciation.
Viewing & Acquisition
Strictly by prior arrangement with verified direct clients only
Ref: KA-COMM-IKOYI-04
IMPORTANT NOTICE
Only serious and financially capable direct clients are invited to proceed with this opportunity. Inquiries from third parties or intermediaries will not be entertained.
Property Details
| Property Ref: 3447717 | Added On: 23 Apr 2026 | Last Updated: 23 Apr 2026 |
| Market Status: Available | Type: Commercial Land | Total Area: 3,900 sqm |
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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Disclaimer
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6 Behind Iyanga Market, Asaba, Delta, Nigeria
0815 XXXX Show Phone
+2348151917169
Registered 5 years ago
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