500.052 SQM Mixed-Use Land

Property Details Location: Water Corporation Drive, off Ligali Ayorinde, Oniru / Victoria Island Extension, Lagos Property Type: Land Land Size: 500.052 SQM Transaction: For Sale Asking Price: ₦2,300,000 per SQM Indicative Total Price: ₦1,150,119,600 Title: Certificate of Occupancy (C of O), as stated Potential Use: Commercial, residential or mixed-use development, subject to applicable planning approvals Zahari View A 500.052 SQM parcel of land is available for sale on Water Corporation Drive, off Ligali Ayorinde, within the Oniru / Victoria Island Extension axis of Lagos. At an asking rate of ₦2.3 million per SQM, the indicative land price is approximately ₦1.15 billion, excluding transaction costs and other applicable charges. The location and stated mixed-use potential may interest buyers and developers assessing land for a residential, commercial or combined-use project. However, the feasibility of any proposed development will depend on the plot's precise location, approved land use, development parameters, access and infrastructure. The title is stated as a Certificate of Occupancy. Prospective buyers should independently verify the title documents, ownership, survey details and applicable planning requirements before committing to the purchase. Property Highlights 500.052 SQM landholding. Located on Water Corporation Drive, off Ligali Ayorinde. Within the Oniru / Victoria Island Extension axis of Lagos. Asking rate of ₦2.3 million per SQM. Indicative total price of ₦1.15 billion. C of O stated as the title. Potential for commercial, residential or mixed-use development, subject to approval. Why This Property Deserves Attention The plot may suit buyers seeking a landholding for a project that fits the site's permitted development framework. Its suitability should be assessed against the intended use, required building footprint, parking provisions, access arrangements and available infrastructure. For developers, the acquisition decision should consider not only the land price but also the costs of approvals, construction, utilities and site preparation. Comparable land transactions and an independent feasibility assessment can help determine whether the asking price aligns with the proposed project. Investment and Development Perspective Based on the stated rate and land size: Land size: 500.052 SQM Price per SQM: ₦2,300,000 Indicative land value: ₦1,150,119,600 This calculation is based solely on the supplied figures and is not a formal valuation. Before proceeding, buyers should assess permitted land use, development density, building height, setbacks, drainage, utility connections, approval requirements and total project costs. Potential rental income or resale returns should be evaluated using independent market evidence. Buyer's Due-Diligence Checklist Prospective buyers should independently verify: C of O and the underlying title records. Ownership and authority to sell. Survey plan, coordinates and exact plot boundaries. Land registry records and any existing encumbrances. Approved land use and development restrictions. Applicable building height, density, setbacks and parking requirements. Road access, drainage and utility availability. Required planning and building approvals. Statutory charges, transaction expenses and transfer requirements. Independent legal, surveying and planning advice is recommended before payment or completion. Asking Price ₦2,300,000 per SQM Indicative Total: ₦1,150,119,600 For Enquiries & Inspections Call / WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property details, land size, title information and potential uses are based on the information provided and have not been independently verified. Buyers should confirm the exact parcel, ownership, title, permitted use, development requirements and all transaction terms before making any financial commitment.