Extraordinary 1800sqm Of Prime Land Strategically Located On Offer

For Sale ---
Prime Mixed‑Use Corner Parcel (1,749.454 sqm) ---
Ashabi Cole (Close to Passport Office), Alausa / CBD, Ikeja
Governor's Consent
₦800,000,000

Overview: A special, strategically located mixed‑use development site on a prominent corner of Ashabi Cole --- just minutes from the Passport Office and the Alausa CBD in Ikeja. This 1,749.454 sqm parcel with Governor's Consent is ideal for office towers, a hotel, shopping mall, serviced apartments or a high‑end mixed‑use podium. Exceptional frontage, wide tarred roads and immediate access to Ikeja's commercial core make this a turnkey acquisition for developers and institutional investors.

Quick facts

- Location: Ashabi Cole, Alausa / CBD, Ikeja --- close to Passport Office and key government & corporate nodes
- Site area: 1,749.454 sqm (single consolidated corner parcel)
- Title: Governor's Consent --- certified documents available to qualified buyers
- Asking price: ₦800,000,000 (Eight hundred million Naira)

Strategic advantages

- Corner piece advantage: dual frontage increases design flexibility, visibility, multiple access points and improved commercial activation at ground level.
- CBD proximity: immediate access to Alausa business district, banks, ministries, corporate offices and transport links --- strong demand drivers for office and hospitality product.
- Excellent infrastructure: wide, tarred roads, reliable connectivity and nearby utilities reduce development mobilisation time and cost.
- Versatile permitting: mixed‑use zoning potential supports a range of high‑value uses (office, hotel, retail, residential or hybrid schemes).
- Investment profile: suitable for an institutional developer, hospitality brand or commercial investor seeking a flagship project in central Ikeja.

Suggested high‑value uses

- Grade A office block / corporate headquarters
- Business hotel or branded serviced apartments with F&B activation
- Retail shopping mall or convenience retail podium with office/residential above
- Mixed‑use development: retail podium + office floors + residential/serviced apartments
- Bank/financial services campus, medical or institutional campus

Practical considerations

- On‑site access: generous frontage and corner geometry enable multiple access points for vehicles and service deliveries.
- Parking & servicing: scheme design can incorporate basement/ podium parking to meet CBD requirements (to be confirmed with planning).
- Utilities: proximity to existing network infrastructure; buyer to confirm capacity for intended development.

Recommended due diligence (action checklist)

- Title: Request certified Governor's Consent and instruct solicitor for chain‑of‑title and encumbrance search.
- Survey: Obtain certified survey plan and conduct on‑site boundary verification.
- Planning: Confirm permissible FAR/coverage, height limits, setbacks and parking requirements with Lagos State planning authorities.
- Technical: Commission geotechnical & topographic surveys, drainage/flood risk assessment and utilities capacity audit.
- Environmental & traffic: EIA screening and traffic impact assessment for large‑scale commercial uses.
- Financial: Independent market study (office/hotel/retail comps) and QS cost model to validate yield and project viability.

Sale process & viewing

- Sale type: Direct (semi‑direct) --- owner prefers qualified, serious buyers.
- Viewings: By appointment only to pre‑qualified purchasers. Proof of funds or credible bank reference required prior to document release and site access.
- Documentation: Certified Governor's Consent, survey and high‑level site information will be supplied to qualified parties on NDA.
- Offers: Submit a Letter of Intent (LOI) with buyer/company profile and proof of funds. Shortlisted parties will be given the data pack and invited for inspection.
- Completion: Heads of Terms solicitor‑led conveyancing completion.

Why act nowLarge, titled corner parcels with immediate CBD access in Ikeja are scarce. This site delivers location, ready infrastructure and commercial flexibility --- an excellent platform for a landmark office, hospitality or mixed‑use project with rapid market uptake.

All particulars are provided in good faith and should be independently verified by prospective buyers and their advisers. Price and availability are subject to prior sale.

Ref: BG