Detached Building On 1510 Sqm Of Prime Land

Listing title
For Sale --- Detached Building on 1,510 sqm --- Oju Olobun Street, Victoria Island Land Certificate (48 years unexpired) ₦2,500,000 / sqm (Approx. ₦3.775B)

Overview
Prime island opportunity on Oju Olobun Street, Victoria Island: a detached building on a substantial 1,510 sqm plot offered for sale with a Land Certificate showing 48 years unexpired. This high‑value site is attractively positioned for owner‑occupier use, corporate headquarters, boutique hotel/serviced apartments, or redevelopment into a high‑end residential or mixed‑use scheme (subject to planning). The location, clear land documentation and sizeable footprint make this an ideal acquisition for developers and institutional investors seeking a strategic Victoria Island holding.

Property summary

- Property type: Detached building on single plot
- Site area: 1,510 sqm
- Location: Oju Olobun Street, Victoria Island, Lagos --- premium business and residential precinct
- Title: Land Certificate with 48 years unexpired (certified copy available for qualified buyers)
- Price: ₦2,500,000 per sqm
- Total asking price (approx.): ₦3,775,000,000 (Three billion, seven hundred and seventy‑five million Naira) --- price subject to confirmation and negotiation

Key benefits & investment highlights

- Premier location: Victoria Island commands some of Lagos's highest land values and strong demand from corporates, embassies, hotels and high‑net‑worth buyers.
- Significant landholding: 1,510 sqm provides flexibility for redevelopment (mid‑rise office/residential/mixed‑use) or continued use as a single‑entity headquarters with extensive on‑plot parking and landscaped grounds.
- Clear documentation: Land Certificate with 48 years unexpired offers good transferability and financing prospects; certified documents available during due diligence.
- Value proposition: Strategic location and plot size present potential for substantial value uplift through redevelopment, repositioning or leaseback arrangements.

Potential uses (subject to planning & approvals)

- Corporate headquarters / head office campus
- Luxury boutique hotel or serviced apartments / short‑stay operator
- High‑end residential redevelopment (townhouses, apartments or gated compound)
- Mixed‑use development combining commercial and residential components
- Institutional use: embassy/consulate, private clinic, private school or corporate housing

Condition & inspection

- The site includes an existing detached building; interior and structural condition, net lettable area and building specifications will be provided to qualified buyers and confirmed on inspection.
- Buyers should arrange an on‑site inspection and technical survey to assess the building condition, redevelopment feasibility and cost‑to‑complete (if applicable).

Title, due diligence & recommended checks

- Title document: Certified Land Certificate copy available to qualified buyers and solicitors. Buyer to instruct legal counsel to verify chain of title and any encumbrances.
- Recommended due diligence: Title search, survey verification, planning/zoning review with Lagos State authorities, structural / M&E inspection, environmental & geotechnical checks (if redeveloping), and verification of any estate or municipal levies.
- Financing: Strong title and location typically support mortgage finance or development funding --- discuss financing options with your lender early in the process.

Transaction & sale process

- Sale type: Direct sale to qualified buyers --- offers invited from institutional investors, developers and high‑net‑worth purchasers.
- Viewing: By appointment only for pre‑qualified buyers (proof of funds required).
- Offer procedure: Submit Letter of Intent (LOI) with proof of funds; shortlisted buyers will receive the full dossier and be invited for inspection and negotiation.
- Fees & costs: Buyer to budget for legal fees, stamp duty, due diligence costs and agent commission (if applicable).

Why act now

- Victoria Island land of this size with secure title is rare and highly sought after --- immediate interest expected from developers and investors looking to secure prime island frontage before further price escalation.


Disclaimer
All information provided is indicative and supplied in good faith. Prospective buyers must carry out independent verification, legal and technical due diligence prior to concluding any transaction. Price and availability are subject to prior sale and negotiation.

Ref: Nnedu