2975.26sqm Of Corner Development Parcel With Structure On Offer

For Sale :
Corner Development Parcel with Existing Building ---
2,975.26 sq.yds,
Kakawa, Lagos Island
Conveyance
₦2,500,000,000

Overview: Rare island development opportunity in Kakawa, Lagos Island --- a prominent corner parcel with an older building, offered on Conveyance title. Positioned immediately adjacent to First Bank Headquarters (sharing same fence) and opposite FCMB headquarters, this site provides outstanding frontage, visibility and direct access to Lagos's primary commercial district. The asset is ideal for corporate headquarters, mixed‑use redevelopment, hotel, boutique offices or high‑value commercial investment.

Property summary

- Location: Kakawa, Lagos Island --- prime commercial corridor
- Site area: 2,975.26 sq.yds (approx. 2,486 sqm) --- corner parcel with excellent frontage and multiple access points
- Current status: Existing older building on site (suitable for demolition or refurbishment)
- Title: Conveyance --- certified title documents available to qualified buyers
- Asking price: ₦2,500,000,000 (Two billion, five hundred million Naira) --- semi‑direct sale

Strategic highlights

- Landmark positioning: Shares boundary with First Bank HQ and sits opposite FCMB HQ --- unparalleled corporate visibility and address prestige.
- Corner advantage: superior design flexibility, multiple frontages for vehicular access, signage and arrival/drop‑off areas.
- Island CBD location: immediate proximity to banks, law firms, corporate offices, hotels and government amenities --- strong demand drivers for premium commercial product.
- Development potential: attractive for high‑density commercial, mixed‑use or premium hospitality schemes (subject to planning).

Suggested highest‑value uses (subject to approvals)

- Grade A office building / corporate headquarters
- Boutique hotel or serviced apartments serving business travellers
- Mixed‑use podium: retail / F&B ground floor with offices/residential above
- Institutional campus (bank/financial services, training centre)
- Multi‑storey car park with accompanying commercial floors (where planning permits)

Practical & technical notes

- The existing building may be demolished to optimise redevelopment; buyers should budget for demolition and clearance costs.
- Parcel size supports efficient vertical development with basement/podium parking (subject to geotechnical and planning constraints).
- Water, power and telecoms infrastructure are readily available in the CBD; buyer to confirm capacity requirements for proposed scheme.

Due diligence checklist (recommended)

- Legal: certified Conveyance copy and solicitor title search to verify chain of ownership, encumbrances and rates status.
- Survey: certified survey plan and boundary verification on site.
- Planning: confirm permissible FAR/coverage, height limits and parking requirements with Lagos State planning authority and local authority.
- Technical: geotechnical / soil investigation, structural appraisal of the existing building, drainage/flood risk and utilities capacity audit.
- Environmental & safety: environmental screening and any required remediation for demolition or redevelopment.
- Traffic & access: traffic impact assessment for proposed high‑density use and coordination with highways authority.

Commercial & transaction process

- Sale type: Semi‑direct --- owner prefers direct contact with qualified purchasers / institutional investors; agent introductions accepted.
- Data: Certified title, survey and high‑level site information will be provided to qualified buyers on submission of LOI and proof of funds (NDA may be requested).
- Viewings: Site inspections by appointment only for pre‑qualified parties --- proof of funds required prior to full document release and access.
- Offers: Submit a Letter of Intent (LOI) with buyer profile and evidence of funding. Shortlisted buyers will be invited for detailed inspection and data‑room access.
- Completion: Heads of Terms, solicitor‑led conveyancing and standard completion mechanics.

Why acquire this site

- One of the most prestigious commercial pockets on Lagos Island with immediate access to corporate occupiers and financial institutions.
- Corner, titled parcel with institutional neighbours reduces market and repositioning risk and accelerates commercial leasing/resale strategies.
- Attractive for developers and investors seeking a landmark island asset with strong long‑term capital appreciation.

Contact / Next stepsTo request certified title documents, arrange a private inspection or submit an LOI, contact:

[Agent / Seller Name]Phone: [Insert phone number]Email: [Insert email address]

Serious, pre‑qualified buyers only. All particulars are provided in good faith and should be independently verified by prospective purchasers and their professional advisers. Price and availability are subject to prior sale.

Ref: Nnedu