Residential land for sale
Off Ligali Ayorinde Street, Victoria Island, Lagos, Victoria Island (VI), Lagos
Prime semi-detached corner property for sale in victoria island, lagos
two (2) buildings on 1,427 sqm off ligali ayorinde street ₦2m per sqm total: ~₦2.854 billion
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property overview
- location: off ligali ayorinde street, victoria island, lagos
- property: two (2) semi-detached corner piece buildings
- total land size: approximately 1,427 sqm
- price per sqm: ₦2,000,000
- total asking price: approximately ₦2.854 billion (1,427 sqm x ₦2m)
- title: to be verified (c of o or governor's consent expected for vi)
- status: existing structures in a serene location; offers redevelopment or renovation potential
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key highlights
- premium victoria island address -- a serene location off ligali ayorinde street places it in the heart of one of lagos's most exclusive and secure business and residential districts.
- corner piece advantage -- the corner position typically offers better ventilation, more natural light, enhanced privacy, and greater architectural design flexibility.
- existing income-generating assets -- the two semi-detached buildings can provide immediate rental income or be used by the owner while planning for future redevelopment.
- substantial land bank -- at over 1,400 sqm, the parcel holds significant value in land-scarce victoria island and offers potential for a future landmark development.
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️ development & usage potential
- immediate use: occupy or rent out the existing semi-detached buildings.
- renovation & upgrade: modernize the current structures to luxury standards.
- redevelopment: demolish and rebuild a bespoke residential estate, corporate headquarters, boutique apartment complex, or mixed-use development (subject to planning approvals).
- strategic holding: retain as a high-value asset in a guaranteed appreciation corridor.
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location benefits
- victoria island prestige -- the epicenter of corporate, diplomatic, and luxury lifestyle activity in lagos.
- serene yet central -- positioned off a main street, offering a quiet environment while being minutes from major offices, banks, hotels (eko hotel, federal palace), and embassies.
- excellent infrastructure -- benefits from the best road networks, security, and utilities available in lagos.
- unmatched connectivity -- easy access to ikoyi, lekki phase 1, and the marina.
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investment value
- asking price: ~₦2.854 billion (based on ₦2m/sqm)
- price per sqm: ₦2,000,000
- market context: the asking price of ₦2 million per sqm is within the competitive range for titled land or existing properties in central victoria island, reflecting the location's premium status.
- value proposition: the offer combines the immediate utility of existing buildings with the long-term, scarcity-driven land value appreciation intrinsic to victoria island.
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sale opportunity
this offering represents a rare chance to acquire a substantial, titled corner property with existing structures in core victoria island. it is suitable for an end-user, a developer with a vision, or an institution seeking a strategic holding in a prime location.
ideal for:
- high-net-worth individuals or families
- real estate development companies
- corporate organizations
- institutional investors and portfolio managers
critical next steps:
- title verification: confirm the authenticity of the land title (c of o/governor's consent) at the lagos state lands bureau.
- structural survey: assess the condition of the existing buildings to inform renovation or redevelopment plans and costs.
- due diligence: engage a lawyer to conduct a full land search and verify all documentation.
- site inspection: personally visit to assess the serenity, accessibility, and full scope of the property.
a substantial corner property in the serene heart of victoria island --- offering both present utility and future potenti...
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₦2,854,000,000
Ac Valour International
08036503218