700 Sqm Corner Land Akin Ogunlewe Street, Victoria Island, Lagos
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Property Description
Prime Development Opportunity on Akin Ogunlewe Street, Victoria Island
700 SQM Corner Land Pre-Piled Approved 9-Unit Plan Lagos C of O ₦2.5B
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Property Overview
- Location: Akin Ogunlewe Street, Victoria Island, Lagos
- Land Size: 700 SQM (Corner Piece)
- Price: ₦2,500,000,000
- Title: Lagos State C of O
- Lease Tenure: Over 70 Years Remaining
- Status: Piling Completed Approved Building Plan in Place
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Key Highlights
- Fully Piled & Approved -- Save 6--9 months on construction; begin superstructure immediately
- Corner Location Advantage -- Enhanced visibility, access, and premium positioning
- Ready-to-Build Plan -- Approved for 9 luxury apartment units, each with a Boys' Quarter (BQ)
- Ample Parking -- 2 dedicated parking spaces per unit + 14 additional external slots
- Strong Title -- Lagos C of O ensures secure and straightforward ownership transfer
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️ Approved Development Plan
- 9 Spacious Apartment Units
- Each Unit Includes a BQ
- Modern Architectural Design
- Premium Finishes & Layouts
- Secure and Exclusive Living Environment
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Location & Prestige
- Akin Ogunlewe Street is a well-regarded, serene yet central street in Victoria Island
- Walking distance to key commercial, dining, and corporate hubs
- High demand for quality residential offerings in secure VI neighborhoods
- Ideal for high-end residential rental or ownership market
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Investment Value
- Asking Price: ₦2.5 Billion
- Price per SQM: ~₦3.57 Million
- Cost & Time Savings -- Piling and approval stages already completed
- Strong Rental Yield Potential -- Target corporate tenants, expatriates, and professionals
- Long Lease Tenure -- Over 70 years offers long-term security
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Direct Mandate -- For Serious Investors & Developers
This is a rare, ready-to-build asset in one of Victoria Island's most desirable residential streets.
Ideal For:
- Luxury Residential Developers
- Real Estate Investors
- High-Net-Worth Individuals
- Property Development Companies
Next Steps for Qualified Buyers:
- Proof of Funds
- Site Inspection & Plan Review
- Direct Engagement with Mandate Holder
Not for casual buyers. An institutional-grade residential development opportunity.
Property Details
| Property Ref: 3216122 | Added On: 22 Nov 2025 | Last Updated: 22 Nov 2025 |
| Market Status: Available | Type: Mixed-use Land |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 3 months ago
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