Land for sale
Adetokunbo Ademola Street, Victoria Island (VI), Lagos
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.
ref: d...
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₦1,600,000,000
The Build Centre Properties
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