Signature Development Investment
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Property Description
SIGNATURE DEVELOPMENT LAND OPPORTUNITY -- VICTORIA ISLAND ️
FOR SALE
Kofo Abayomi / Musa Yar'Adua, Victoria Island
4000sqm Bareland
Title: Certificate of Occupancy (C of O)
Leasehold: 85 years remaining
Approved: 20-Floor High-Rise Development
₦8.5 Billion
Why This Property?
Prestigious Axis: Located on the Kofo Abayomi--Musa Yar'Adua corridor, home to some of Lagos' most iconic towers, blue-chip businesses, embassies, and luxury apartments.
Ready-to-Build Advantage: Comes with 20-floor building approval, eliminating long delays in planning and approvals.
Highest & Best Use: Perfect for luxury high-rise apartments, mixed-use towers, hospitality developments, or Grade-A commercial offices.
ROI Potential: 20--25% per annum based on high-rise absorption rates in Victoria Island.
ROR Projection: 45--55% within 4--6 years considering demand for luxury apartments and premium commercial spaces.
Future Value: With land scarcity in prime V/I, this property offers capital appreciation and rental income growth potential unmatched in the district.
This is not just land---it's a landmark opportunity for visionary developers ready to build the next skyline-defining project in Victoria Island.
Contact us today to schedule a confidential discussion and site inspection:
07013257514 08141169442
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Property Details
| Property Ref: 3052989 | Added On: 25 Aug 2025 | Last Updated: 25 Aug 2025 |
| Market Status: Available | Type: Land | Total Area: 4,000 sqm |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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Marketed by
(nuj Building)3/5 Adeyemo Alakija Victoria Island Lagos, Lagos State, Nigeria
0814 XXXX Show Phone
07013257514
Registered 5 years ago
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