Premium 5000sqm Of Development Land On Offer To Acquire

Listing Title:
Prime 5,000 sqm Road‑Facing Land --- Rumens Road, Ikoyi ---
Title: State C of O
Asking:₦4,500,000 per sqm (₦22.5B)

Overview:
Exceptional opportunity to acquire a well‑located 5,000 sqm land parcel on Rumens Road, Ikoyi. The site is fully fenced and offered with a State Certificate of Occupancy (State C of O). Positioned within one of Lagos Island's most sought‑after corridors, this parcel is suitable for landmark residential, institutional, embassy or mixed‑use developments and represents a strategic acquisition for developers, investors and high‑net‑worth buyers.

Key Details

- Property type: Vacant development land (road‑facing)
- Size: 5,000 sqm
- Location: Rumens Road, Ikoyi, Lagos
- Title: State Certificate of Occupancy (State C of O)
- Condition: Fully fenced --- ready for mobilisation
- Asking price: ₦4,500,000 per sqm
- Indicative total price: ₦22,500,000,000
- Picture: Available on request

Location & Strategic Advantages

- Prime Ikoyi location with easy access to Probyn Road, Bourdillon and Kingsway corridors
- Strong connectivity to Victoria Island and other central business districts
- High‑value neighbourhood attracting embassies, corporate residences and luxury developments
- Road frontage and fenced perimeter reduce initial site preparation and enhance security

Potential Uses & Development Opportunities

- Ultra‑luxury private estate or cluster of detached mansions/villas
- Serviced apartments, luxury condominium or upscale residential development
- Embassy/consular compound or corporate headquarters
- Boutique hotel or hospitality product (subject to approvals)
- Mixed‑use development combining residential, retail and office components
- Parceling/phased development or JV opportunities --- seller open to discussion (confirm minimum parcel size)

Investment Highlights

- Scarcity of large contiguous land parcels in Ikoyi supports long‑term capital appreciation
- State C of O provides a solid title basis for transfer and development (buyers should still verify)
- Fully fenced site accelerates mobilisation and reduces short‑term set‑up costs
- Flexible acquisition for owner‑occupiers, developers and institutional investors

Title, Documents & Transfer

- Title: State Certificate of Occupancy (State C of O) --- original documents available for inspection to seriously interested buyers
- Seller will provide survey plan and supporting documents on request
- Buyers encouraged to verify C of O particulars and chain of ownership prior to payment

Price, Terms & Additional Costs

- Asking price: ₦4,500,000 per sqm
- Indicative total: ₦22,500,000,000
- Price negotiable depending on payment terms, proof of funds and due diligence outcomes
- Buyer to bear customary acquisition costs (legal fees, stamp duty, transfer fees, professional fees) unless otherwise agreed
- Seller open to discuss structured payment plans, parceling or JV arrangements with qualified buyers

Viewing & Next Steps

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

Ref:Daka