Land for sale
3rd Avenue, Banana Island, Ikoyi, Lagos
Listing title
for sale --- 3,430 sqm waterfront land on 3rd avenue, banana island
federal certificate of occupancy
₦3,300,000 / sqm
overview
exceptional waterfront development parcel on prestigious 3rd avenue, banana island. this rare 3,430 sqm single‑title lot benefits from a federal certificate of occupancy and direct water frontage --- a trophy island holding suited to high‑end residential, private compound, boutique hospitality or bespoke mixed‑use projects. parcels of this scale and quality on banana island are extremely scarce and present a compelling long‑term asset for high‑net‑worth buyers, family offices and institutional investors.
key facts
- location: 3rd avenue, banana island, ikoyi, lagos --- prime waterfront frontage
- site area: 3,430 sqm (single consolidated plot)
- title: federal certificate of occupancy (federal c of o) --- certified documents available to qualified buyers
- asking price: ₦3,300,000 per sqm
- indicative total price: approx. ₦11,319,000,000 (eleven billion, three hundred and nineteen million naira)
why this land is exceptional
- waterfront positioning on banana island provides unrivalled prestige, privacy and direct water access --- ideal for an iconic private residence or a luxury branded project.
- large contiguous island parcel (3,430 sqm) allows for a substantial bespoke development with extensive landscaping, guest pavilions, boat/jetty facilities and ample secure parking.
- federal c of o strengthens title security and improves bankability for institutional purchasers and developers.
- banana island remains one of lagos's most stable and capital‑preserving micro‑markets --- scarcity of comparable sites supports long‑term appreciation.
suggested development uses
- ultra‑luxury private mansion / multi‑generational family compound with private jetty
- low‑density, high‑specification villa enclave or small gated estate
- boutique luxury serviced residences or branded private club (subject to approvals)
- exclusive corporate or diplomatic compound (subject to consent)
- landbank for strategic investors seeking premier island exposure
site & practical notes
- direct water frontage enables private jetty/boat access (subject to regulatory and estate approvals).
- parcel scale supports generous setbacks, private amenity zones and discrete service/ staff areas.
- buyers should plan for high‑spec mep design, shoreline protection where applicable, and premium finishes consistent with banana island standards.
due diligence & recommended checks
- title verification: obtain certified federal c of o copies and instruct solicitors for full title search and encumbrance check.
- site survey: certified survey plan and boundary verification on site.
- planning & consents: check permitted coverage, setbacks and allowable development parameters with lagos state and local estate management (jetty/foreshore consents if applicable).
- geotechnical & marine: commission soil/geotechnical investigation and foreshore/marine impact assessment if jetty or waterfront works are planned.
- utilities & services: confirm water, sewerage, power capacity and estate service arrangements.
- environmental & flood risk: obtain flood risk assessment and any environmental screening recommended for waterfront works.
transaction & viewing process
- viewings: by appointment for qualified buyers only --- proof of funds and buyer identification required prior to release of full title pack or site access.
- documentation: certified title pack, survey and site plans available to qualified buyers on request under confidentiality terms.
- offers: submit a formal letter of intent (loi) with proof of funds; heads of terms and solicitor‑led conveyancing to follow on acceptable offer.
- fees & costs: buyer to allow for legal fees, stamp duty and transfer/registration costs. agency/facilitator fees to be agreed in writing.
why act now
large, titled waterfront parcels on banana island are exceptionally rare. this plot offers a unique combination of scale, title security and prime waterfront frontage --- a strategic acquisition for buyers seeking a standout island asset.
all particulars are provided in good faith and should be independently verified by prospective purchasers and their professional advisers. availability and price are subject to prior sale.
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₦3,300,000 per square meter
The Build Centre Properties
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