Prestigious 700sqm Of Development Land On Offer

FOR SALE
Prime 700 sqm Development Land ---
Adetokunbo Ademola Street, Victoria Island
C of O ---
₦1,600,000,000

Price & Title

- Asking price: ₦1,600,000,000 (One Billion, Six Hundred Million Naira)
- Title: Certificate of Occupancy (C of O) --- original available for verification.

Location & availability

- Location: Adetokunbo Ademola Street, Victoria Island, Lagos --- one of the island's most sought‑after commercial/residential corridors.
- Land parcel: 700 sqm (clear, contiguous plot).
- Availability: For immediate sale. Viewings and document inspection by appointment for qualified buyers.

Property summary
A rare prime development parcel on Adetokunbo Ademola Street, Victoria Island --- 700 sqm with Certificate of Occupancy. The land occupies a strategic position within Lagos's principal business, leisure and high‑end residential precinct and is exceptionally well placed for a wide range of high‑value developments including corporate headquarters, boutique hotel/aparthotel, luxury apartments, mixed‑use retail/office schemes or premium serviced offices.

Investment highlights

- Premier location: High‑profile Victoria Island address with premium footfall, strong corporate demand and proximity to financial institutions, embassies, hospitality nodes and major transport links.
- Development upside: Ideal for high‑value commercial or residential projects in a tightly constrained land market where prime plots are scarce.
- Clean title: C of O reduces acquisition risk and is bank/lender friendly for development financing.
- Market liquidity: Strong investor appetite for island assets supports short marketing cycles and competitive exit options.

Key attributes & suitability

- Plot size: 700 sqm --- efficient for vertical development or a boutique low‑rise scheme with parking and back‑of‑house facilities.
- Typical uses: Grade A offices, mixed‑use development, luxury apartments/serviced residences, flagship retail/showroom or specialist hospitality.
- Infrastructure: Located on a fully serviced artery with access to mains power, water and telecoms (buyers to verify utility capacities for specific uses).
- Visibility & accessibility: Prominent street frontage on Adetokunbo Ademola Street enhancing branding/tenancy value.

Indicative pricing metric

- Asking rate equates to approximately ₦2,285,714 per sqm --- competitive for prime Victoria Island land. Buyers should benchmark against comparable recent island transactions.

Due diligence & documentation

- Title: Certificate of Occupancy (C of O) --- originals to be produced for verification.
- Additional documents: Survey plan, TDP/site plan and any available as‑built or schematic documents can be made available to qualified buyers upon request and after NDA.
- Recommended due diligence: land registry search; confirm acceptable land use/zoning and permitted building envelope/setbacks with Lagos State planning authority; geotechnical survey for foundation design; utility capacity checks.

Transaction process & next steps

- Expression of interest: submit LOI with proof of funds or bank reference for shortlisting.
- NDA & document release: signed NDA will allow access to the title pack and survey particulars.
- Site inspection: arranged by appointment for qualified buyers and their technical/legal advisors.
- Offer & conveyancing: formal offer, heads of terms, deposit and completion through legal conveyancing with transfer and registration at the Land Registry.

Commercial & legal notes

- Price is offered on an "as‑is" basis subject to contract and verification.
- Buyers are advised to engage legal counsel to conduct title regularisation and transfer processes and to instruct technical consultants for design feasibility.
- All information provided is subject to verification. The seller reserves the right to negotiate and to consider alternative reasonable offers.

This is a premium, shovel‑ready land opportunity on Victoria Island for buyers seeking immediate access to one of Lagos's most valuable development corridors.

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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Ref: Daka