998 SQM Mixed-Use Land

Property Details Location: Banana Island, Lagos Property Type: Mixed-Use Land Land Size: 998 SQM Price: ₦5,000,000,000 Title: Federal Certificate of Occupancy (C of O), as stated Transaction: For Sale Zahari View This 998 SQM parcel of land in Banana Island, Lagos, is offered for sale at a stated price of ₦5 billion. The property is described as mixed-use land, which may present an opportunity for investors, developers and high-net-worth buyers considering a property acquisition in this location. Banana Island is a prominent residential and commercial property market in Lagos. Depending on the applicable planning regulations, approved land use and development conditions, a mixed-use site may be considered for suitable residential, commercial or other permitted development purposes. Prospective buyers should independently confirm the property's exact location, approved land use, development potential, planning requirements and title documentation before making a purchase decision. Property Highlights 998 SQM land parcel. Located in Banana Island, Lagos. Mixed-use classification, as advertised. Stated asking price of ₦5 billion. Federal Certificate of Occupancy (C of O), as stated. Potential consideration for development, subject to planning approval and applicable restrictions. Suitable for assessment by property investors and developers seeking land in an established Lagos property market. Why Consider This Property? The property's location in Banana Island may attract buyers seeking land in a recognised high-value property market. Its stated mixed-use classification may also be relevant to investors or developers exploring development opportunities that align with the property's approved use. However, the actual suitability of the land for a proposed project will depend on the applicable planning regulations, permitted development, access arrangements, infrastructure and other site-specific conditions. Buyers should establish these details before estimating the property's development potential or financial returns. Price and Financial Considerations Asking Price: ₦5,000,000,000 Land Size: 998 SQM The asking price is approximately ₦5.01 million per SQM, calculated by dividing the stated price by the advertised land area. This is an indicative calculation based on the supplied figures and does not establish the property's market value. Before proceeding, prospective buyers should confirm: Whether the asking price is negotiable. The exact land boundaries and surveyed area. Applicable legal, agency, documentation and transaction costs. The terms and conditions of the proposed sale. Any existing encumbrances, interests or restrictions affecting the land. Comparable land transactions in the immediate area. Buyer's Due-Diligence Checklist Before making a financial commitment, prospective buyers should independently verify: Title documentation: Have a qualified property lawyer verify the advertised Federal Certificate of Occupancy and investigate the root of title. Land ownership: Confirm the vendor's legal authority to sell the property. Survey and boundaries: Obtain and verify the survey plan and the precise 998 SQM land area. Land use: Confirm the property's approved use and whether the advertised mixed-use classification is supported by official documentation. Development potential: Verify planning requirements, permitted building types, density, height restrictions and other relevant development conditions. Site conditions: Assess access, drainage, utilities, infrastructure and any physical or legal restrictions. Existing interests: Check for encumbrances, disputes, mortgages, leases or third-party claims. Transaction documentation: Ensure the sale agreement, payment terms and transfer process are reviewed by an independent property lawyer. The stated title should not be considered independently verified until the relevant records and documents have been examined. Investment Perspective This land may be considered for long-term holding or future development, subject to the buyer's investment objectives and the site's verified legal and planning status. Investors should assess comparable land prices, demand in the immediate area, development costs, planning restrictions, infrastructure requirements and the time needed to obtain relevant approvals. Any projected appreciation or development returns should be supported by reliable market evidence rather than assumed. For Enquiries & Inspections Zahari Properties For further information, pricing discussions and inspection arrangements, contact the listing agent. Contact details should be confirmed with Zahari Properties before publication. Zahari Properties --- Points in the right direction. Disclaimer All property details, including land size, location, asking price, land-use classification and title information, are based on the information supplied and have not been independently verified. The Federal Certificate of Occupancy and mixed-use designation should be confirmed through appropriate legal and planning searches. Prospective buyers should obtain the relevant documents and independent professional advice before entering into a transaction.