Premier 2963sqm Corner Development Parcel + 2 Buildings

FOR SALE
Prime 2,963 sqm Corner Development Parcel with 2 Buildings ---
Idowu Martins / Akin Olugbade, Victoria Island
State C of O ---
₦5,000,000,000

Price & Title

- Asking price: ₦5,000,000,000 (Five Billion Naira)
- Title: State Certificate of Occupancy (C of O) --- originals available for verification

Location

- Prestigious Victoria Island address: Idowu Martins by Akin Olugbade --- corner site with multiple frontages and excellent access to Victoria Island's business, hospitality and leisure precincts.

Property summary
A rare, large-scale corner development parcel on Victoria Island comprising approximately 2,963 sqm of contiguous land improved with two existing buildings. The site's corner position, scale and clean State C of O title make it exceptionally well-suited for landmark redevelopment or an institutional acquisition. This is a prime opportunity for developers, hospitality operators, corporate occupiers or investors seeking a trophy island asset.

Key features

- Land area: c. 2,963 square metres (contiguous)
- Position: Corner plot with enhanced frontage, visibility and multiple access points
- Improvements: Two existing building blocks (suitable for interim income or phased redevelopment) --- condition and tenancy details available on inspection
- Title: State C of O --- transferable and lender‑friendly
- Asking price: ₦5.0 billion

Investment & development potential

- Highest and best uses: luxury residential apartments/serviced residences, Grade A office headquarters, boutique hotel or aparthotel, mixed‑use scheme combining retail, F&B, leisure and residential, or institutional/headquarter campus.
- Corner site advantage: superior branding and signage opportunities, flexible site planning, better light/ventilation for towers, efficient ingress/egress and staged development potential.
- Income flexibility: retain existing buildings for interim rental income while planning phased redevelopment to maximise value.

Site & technical notes

- Large, contiguous footprint enabling comprehensive masterplanning with basement/podium parking, service yards and landscaped amenity.
- Buyers should confirm permissible coverage, setback, allowed storeys and FAR with Lagos State planning authorities as part of technical due diligence.
- Geotechnical, flood risk and utility capacity assessments recommended prior to design commencement.

Why this is a standout opportunity

- Scarcity: Large development parcels on Victoria Island are rare --- ownership of a near‑3,000 sqm corner site delivers strategic long‑term scarcity value.
- Location: Immediate proximity to corporate, diplomatic and hospitality nodes ensures strong tenant demand and marketability for premium uses.
- Ready to transact: Clean State C of O expedites legal verification and bank financing processes for serious buyers.

Documentation & information available

- Title documentation (State C of O), survey plan and basic site particulars available to qualified buyers on request.
- Existing building plans, tenancy information and site photographs can be supplied subject to NDA and proof of funds.

Recommended purchaser profile

- Institutional developers and private equity funds targeting high‑value island developments
- International or regional hotel operators and branded residence developers
- Corporates seeking a flagship headquarter site or investor groups seeking a landmark trophy asset

Next steps & transaction process

1. Submit expression of interest (EOI) with proof of funds or bank reference.
2. Sign NDA to receive the full data pack (title, survey and available reports).
3. Arrange site inspection and technical walk‑through for shortlisted parties.
4. Submit indicative offer; progress to Heads of Terms, deposit and legal conveyancing.

Viewing & enquiries

- Site inspections and document access available to qualified, serious buyers only. Full technical and legal packs released on NDA.

Legal & disclaimer
All information provided is indicative and has been prepared in good faith. Prospective purchasers must undertake independent legal, technical and financial due diligence. Price, availability and particulars are subject to change without notice.

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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