Strategic 10000sqm Of Lucrative Main Road Facing Land

Listing Title:
Prime 10,000 sqm Road‑Facing Land --- Kingsway Road, Ikoyi ---
Title:Federal C of O
Asking:₦4,500,000 per sqm (₦45.0B)

Overview:
Rare opportunity to acquire a substantial 10,000 sqm land parcel directly facing Kingsway Road, Ikoyi --- one of Lagos Island's most prestigious and strategically positioned corridors. The site is fully fenced and comes with a Federal Certificate of Occupancy (Federal C of O), making it an exceptional trophy asset for institutional investors, developers, embassies, or high‑net‑worth buyers targeting landmark residential, hospitality or commercial development in Ikoyi.

Key Details

- Property type: Vacant land (road‑facing)
- Size: 10,000 sqm
- Location: Kingsway Road, Ikoyi, Lagos
- Title: Federal Certificate of Occupancy (Federal C of O)
- Condition: Fully fenced --- ready for site mobilisation
- Asking price: ₦4,500,000 per sqm
- Indicative total asking price: ₦45,000,000,000 (₦45.0 billion)
- Photos, survey plan and title documents: Available to verified/serious buyers on request

Location & Strategic Advantages

- Direct frontage and visibility on Kingsway Road --- premium exposure for residential, commercial or mixed‑use schemes
- Prime Ikoyi address with proximity to Bourdillon, Probyn Road, Victoria Island and major business/entertainment nodes
- High demand corridor for embassies, luxury residences, corporate headquarters and upscale hospitality
- Fully fenced site reduces short‑term mobilisation costs and increases site security for works

Potential Uses & Development Opportunities

- Ultra‑luxury private estate or multiple high‑end detached mansions/villas
- Serviced apartments, luxury condominium or boutique residential development
- Embassy/consular compound, corporate headquarters or institutional campus
- Hotel or boutique hospitality project leveraging premium location
- Mixed‑use development combining retail podium and residential/office towers (subject to planning)
- Parceling/phased development or sale of portions --- seller open to discussion on minimum parcel sizes and pricing

Investment Highlights

- Scarcity of large, contiguous road‑facing land parcels on Kingsway Road enhances long‑term capital appreciation
- Federal C of O title offers a strong basis for secure transfer and reduces acquisition risk (buyers should still verify)
- Immediate development readiness: fenced perimeter and road frontage accelerate mobilisation
- Flexible options for owner‑occupier, JV with developers, or long‑term investment hold

Title, Documents & Transfer

- Title: Federal Certificate of Occupancy (Federal C of O) --- originals available for inspection by serious buyers
- Seller can supply survey plan, chain of title and site documentation on proof of seriousness
- Buyers should verify Federal C of O particulars and any conditions attached to allocation or transfer

Due Diligence & Technical Considerations
Prospective buyers should undertake standard and project‑specific checks:

- Title verification and chain of ownership confirmation (inspect original Federal C of O)
- On‑site boundary verification against the survey plan
- Zoning and land‑use checks with Lagos State/federal planning authorities and confirmation of permitted FAR/setbacks
- Geotechnical and flood‑risk assessments for large‑scale development planning
- Confirmation of access roads, utilities (power, water, drainage) and requirements for service connections
- Assessment of any conversion/consent processes if required for intended development

Price, Terms & Additional Costs

- Asking price: ₦4,500,000 per sqm
- Indicative total: ₦45,000,000,000
- Price negotiable based on payment terms, proof of funds and due diligence outcomes
- Buyer responsible for customary acquisition costs (legal fees, stamp duty, professional fees, transfer fees and any conversion costs) unless otherwise agreed
- Seller open to discuss structured payment terms, JV or parcel sale options with qualified buyers

Viewing & Next Steps

- Site inspection and document review available by appointment for serious/qualified buyers
- Photo gallery, survey plan and title copies provided on request after verification of buyer credentials
- Virtual/video tour can be arranged for remote investors
- Recommended next steps: request documents, arrange on‑site inspection, instruct legal/title search and commission technical surveys

Ref: Daka