Rare Corner Development Land In Ikoyi On Offer

GLOVER ROAD, OLD IKOYI
PRIME CORNER DEVELOPMENT SITE
Asking Price: USD 15,000,000 (Fifteen Million Dollars)

Direct instruction from the property owner.

Headline
Exceptional and rare corner development site on Glover Road, Old Ikoyi --- 5,414 sqm with pile foundations already in place for twin 15‑storey luxury towers. Strategic entitlement position with Lagos State Governor's Consent and Federal Consent in place. A landmark opportunity for a fast‑track luxury residential or mixed‑use development.

Key highlights

- Site area: 5,414 sqm (approx. 1.34 acres) --- prominent corner parcel with excellent frontage and visibility
- Structural readiness: Pile foundations installed for twin 15‑storey towers --- significant time and cost savings to developer
- Title & consents: Lagos State Governor's Consent and Federal Consent (documents available for verification)
- Location: Glover Road, Old Ikoyi --- one of Lagos's most prestigious addresses with immediate access to Victoria Island, commercial hubs, embassies and premium amenities
- Asking price: USD 15,000,000 --- serious, qualified buyers only

Development potential

- Immediate entitlement advantage for twin‑tower landmark development (residential, serviced apartments or mixed‑use) subject to final statutory approvals and design conformity
- Corner orientation affords superior design flexibility, enhanced natural light, and high‑value unit layouts
- Strong rental and sales demand for luxury product in Old Ikoyi --- exceptional capital appreciation potential

Property description
A substantial and highly strategic plot offering a developer-ready platform. The presence of pile foundations substantially de‑risks early-stage construction timelines and budget for an experienced developer. The site's consents and location make it ideal for a flagship luxury project targeting high‑net‑worth end-users and institutional investors.

Investment advantages

- Reduced lead time to construction given existing pile works
- Entitlement documentation (Governor's & Federal Consent) substantially lowers planning risk (subject to verification)
- Limited large-format land supply in Old Ikoyi --- rarity premium applies
- Strong exit options: high-end sales, long‑let premium rentals, or institutional JV

Transaction and viewing

- Price: USD 15,000,000 (asking) --- proof of funds/bank reference required prior to release of full documentation
- Viewings and site inspections strictly by appointment; confidential engagements for qualified parties only
- Original title, consent documents and pile foundation records available for inspection upon execution of an NDA and confirmation of funding

Legal note
All particulars are provided by instruction of the owner and are subject to contract and verification. Buyer to conduct independent due diligence; sale subject to verification of title, consents and planning status. Buyer responsible for customary taxes, transfer fees and legal costs unless otherwise agreed.