Prime 5500sqm Of Old Ikoyi Land On Offer

Listing title
For Sale --- Prime Old Ikoyi Land: 5,500 sqm on Alexander Road Lagos State
C of O
₦2.5M / sqm (Approx. ₦13.75B)

Overview
Exceptional island opportunity in Old Ikoyi --- a substantial 5,500 sqm parcel on Alexander Road offered with Lagos State Certificate of Occupancy (C of O). This rare, large‑format landholding in one of Lagos's most prestigious neighbourhoods is ideal for high‑end residential redevelopment, embassy/consular use, boutique hotel, serviced apartments or a mixed‑use corporate campus. The site's scale, location and clear title make it a priority acquisition for institutional buyers, developers and family offices seeking a secure, long‑term island asset.

Key facts

- Location: Alexander Road, Old Ikoyi, Lagos
- Site area: 5,500 sqm (single consolidated parcel)
- Title: Lagos State Certificate of Occupancy (C of O) --- certified documents available for qualified buyers
- Price: ₦2,500,000 per sqm (Two million, five hundred thousand Naira per sqm)
- Indicative total: Approx. ₦13,750,000,000 (Thirteen billion, seven hundred and fifty million Naira) --- price quoted per sqm; final total subject to confirmation and negotiation

Property summary

- Type: Prime landholding on single title in Old Ikoyi --- corner/regular parcel configuration (exact shape and frontage to be confirmed on site)
- Suitability: Luxury residential development (villas/mansions), high‑end apartment scheme, diplomatic/consular compound, boutique hotel/serviced apartments, private estate or institutional use
- Condition: Vacant land / development site (site inspection recommended to confirm current ground condition, services and immediate buildability)

Location & strategic advantages

- Prestigious address: Old Ikoyi is among Lagos's most desirable residential districts with high security, low density and excellent proximity to Victoria Island and central business districts.
- Accessibility: Easy access to major island road networks, commercial hubs, embassies, premium schools and healthcare facilities.
- Market demand: Strong and sustained demand for premium island residences and corporate/embassy compounds supports long‑term capital appreciation and high rental yields for serviced products.
- Investment profile: Large contiguous island parcels of this scale are rare --- strategic asset for long‑term portfolio allocation or premium redevelopment.

Potential development concepts

- Luxury detached mansions or gated enclave of high‑end villas for single‑family buyers
- Exclusive low‑rise apartments / luxury terraces with private garden courts and high service levels
- Serviced apartments / boutique hotel with private amenities for executive visitors and short‑stay markets
- Embassy / consular compound or corporate headquarters with secure setbacks and guest parking
- Mixed‑use residential with limited retail/amenity podium (subject to planning consent)

Title & due diligence

- Title: Lagos State C of O (certified copies to be made available to qualified buyers and solicitors)
- Recommended checks: full legal title search, survey plan verification, confirmation of permissible land use/coverage, setbacks and allowable building height with Lagos State planning authorities; confirm any estate covenants or restrictions.
- Technical due diligence: site topography, geotechnical investigation, utilities availability (power, water, drainage), traffic/access study and environmental checks as required for proposed development.

Commercial & transactional notes

- Price basis: Quoted per sqm at ₦2,500,000 --- buyer may purchase entire parcel or discuss negotiated terms for structured transactions.
- Payment & negotiation: Price and payment terms negotiable for serious, qualified purchasers. Buyer to submit LOI and proof of funds.
- Fees & taxes: Buyer to allow for legal fees, stamp duty, registration charges and any transfer costs associated with conveyancing.

Viewing & next steps

- Viewings: Site inspections by appointment for qualified buyers only --- proof of funds and company/buyer identification required prior to access.
- Documentation: Certified C of O, survey plan and seller's title pack available to qualified buyers and solicitors on request.
- How to proceed: Submit a Letter of Intent (LOI) with buyer profile and proof of funds; shortlisted buyers invited to inspect the site and receive full dossier.

Contact
For the full property dossier, to arrange a private inspection or submit an LOI, contact:

The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]: www.thebuildcentreproperties.com

Important notice
All information is provided in good faith and should be independently verified by prospective purchasers and their legal advisers. Pricing and availability are subject to change and the seller reserves the right to accept an offer at any time.

Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.

*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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