Premier 3400sqm Of Development Land On Offer In Prime Area

Listing title
Prime 3,400 sqm Development Land --- Ojora Road (off Lawrence Road), Ikoyi State C of O --- ₦3.4M/sqm (NET)

Price & title

- Price: ₦3,400,000 per sqm (Net)
- Total indicative price: ₦11,560,000,000 (Eleven Billion, Five Hundred and Sixty Million Naira)
- Title: State Certificate of Occupancy (C of O) --- originals available for verification

Location

- Address: Ojora Road (off Lawrence Road), Ikoyi --- premium Ikoyi precinct with immediate access to Victoria Island and major Lagos business districts.

Property summary
A rare, large and contiguous 3,400 sqm development parcel offered at a net rate per square metre. The site is fully fenced, clearly bounded and held on a State C of O --- providing a solid platform for high‑value redevelopment or institutional occupation. This is a strategic acquisition for developers and investors targeting Ikoyi's limited supply of substantial plots.

Key attributes

- Land area: 3,400 sqm (contiguous)
- Condition: Fenced site with secure perimeter and clear boundaries --- ready for inspection and technical assessment
- Title status: State C of O --- bankable title suitable for financing and institutional purchase
- Asking rate: ₦3.4M per sqm (NET) --- price excludes VAT, agency and legal fees unless otherwise agreed

Highest & best uses

- Luxury residential development (villas, low‑rise apartments, serviced apartments)
- Boutique hotel or aparthotel
- Corporate headquarters or institutional campus (subject to approvals)
- Mixed‑use development combining premium residential and commercial components

Investment highlights

- Scarcity value: Large contiguous parcels in Ikoyi are extremely limited --- strong long‑term capital appreciation potential.
- Prime address: Proximity to Victoria Island, diplomatic and corporate nodes supports high domestic and international investor interest.
- Readiness: Fenced site and clean title streamline technical access and due diligence.

Technical & planning notes

- Buyers to confirm permissible coverage, setbacks, FAR and maximum storeys with Lagos State planning authority for preferred scheme.
- Recommended pre‑acquisition investigations: topographical survey, geotechnical soil test, flood/drainage check and utilities capacity enquiries (power, water, sewer).
- Structural retention or phased redevelopment is possible depending on buyer requirements and planning consent.

Documentation & verification

- Title pack: State C of O and ancillary documents available for inspection under NDA and on proof of funds.
- Site documents: survey plan, boundary particulars and site photographs available to qualified buyers.

Due diligence checklist (recommended)

- Legal: title search, chain of ownership and encumbrance check.
- Technical: site survey, geotechnical report, utilities and access verification.
- Planning: zoning check, permitted uses and planning envelope confirmation.
- Commercial: market viability study and financial modelling for intended product.

Transaction process & next steps

1. Submit Expression of Interest (EOI) with proof of funds or bank reference.
2. Sign NDA to receive the full data pack (title, survey and any available reports).
3. Arrange site inspection with appointed advisors.
4. Submit an indicative offer; progress to Heads of Terms, deposit and legal conveyancing.

Buyer profile sought

- Institutional and private developers with capacity to execute high‑end Ikoyi projects.
- HNW investors and corporates seeking flagship landholding in a premier Lagos location.
- Strategic buyers able to proceed quickly with funding and due diligence.

Viewing & enquiries

- Viewings by appointment for qualified, serious buyers only. Proof of funds required to arrange inspection and release documentation.

Legal & disclaimer
All information provided is indicative and supplied in good faith. Prospective buyers must undertake independent legal, technical and financial due diligence. Price, availability and particulars may change without notice.
Ref: Daka