Residential land for sale
Residential land for sale
720 SQM Ikeja GRA, Lagos (Off Joel Ogunnaike) .
About this property
Prime Land For Sale in Ikeja GRA, Lagos 720 SQM Governor's Consent Title ₦1.5 Billion ≈ ₦2,083,333 per SQM Property Overview
- Location: Ikeja GRA, Lagos (off Joel Ogunnaike).
- Land Size: 720 SQM.
- Title: Governor's Consent.
- Asking Price: ₦1,500,000,000.
- Price per SQM: ≈ ₦2,083,333.
- Status: Vacant land in a prestigious, central location -- ready for luxury residential or premium development.
Key Highlights
- Prestigious Ikeja GRA Address: One of Lagos's most established and high-value government residential areas -- home to top executives, diplomats, and legacy families.
- Strong Governor's Consent Title: State-granted title providing legal security, bankability, and smooth transfer.
- Prime Off Joel Ogunnaike Location: A serene, tree-lined street with excellent accessibility to the rest of Ikeja GRA and the broader mainland.
- Optimal Size for Luxury Home: 720 SQM is ideal for a spacious detached villa, duplex with BQ, or a boutique residential development.
- Central Connectivity: Minutes from the Lagos State Secretariat, Murtala Muhammed Airport, and major corporate offices.
Development Potential
- Luxury Detached Family Home
- Modern Duplex with Boys' Quarters
- Semi-Detached or Twin Homes (subject to planning)
- Corporate Guest House or Executive Residence
- High-End Rental Investment Property
Location Benefits -- Ikeja GRA, Off Joel Ogunnaike
- Central Business & Government Hub: Close to government offices, banks, and corporate headquarters.
- Excellent Infrastructure: Well-maintained roads, drainage, security, and public utilities.
- Prestige & Privacy: Low-density, secure neighbourhood with mature landscaping.
- Proximity to Amenities: Near top schools, hospitals, shopping centres, and leisure spots.
- Easy Connectivity: Quick access to the Lagos-Ibadan Expressway, Agege Motor Road, and Oba Akran Avenue.
Investment Value
- Asking Price: ₦1.5 Billion.
- Price per SQM: ≈ ₦2,083,333.
- Market Context: This pricing reflects the premium nature of Ikeja GRA. For a titled plot in such a central, prestigious location, it is competitive -- especially given the scarcity of vacant land in the area.
- Appreciation Potential: Ikeja GRA land values have historically shown resilient, long-term growth due to limited supply and consistent demand.
- Development Upside: Build a luxury home or small development -- high rental and resale demand from executives and expatriates.
Sale Opportunity A rare opportunity to acquire a titled plot in one of Lagos's most prestigious GRA locations. Ideal for a discerning homeowner or developer seeking a prime address on the mainland. Ideal For:
- High-Net-Worth Individuals and Families.
- Real Estate Developers (luxury residential).
- Corporate Organisations seeking executive housing.
- Long-Term Land Investors.
Next Steps:
- Site Inspection.
- Title Verification (Governor's Consent at the Lagos State Lands Bureau).
- Purchase Negotiation.
- Immediate Closing.
Ikeja GRA, off Joel Ogunnaike + 720 SQM + Governor's Consent + ₦1.5B -- a prime mainland address for luxury living. Direct mandate -- serious inquiries only.
Property details
Area guide — Ikeja
Interesting Facts
Ikeja is home to the biggest Information Communications Technology market in Africa; Computer village. Muhammed International Airport is also located in Ikeja. The legendary Fela Anikulapo Kuti lived and still has all hi...
Leisure and Shopping
Ikeja is home to the largest mall on the Lagos mainland. The Ikeja City Mall, also known as ICM, is Nigeria's busiest shopping mall. Within the mall, there are numerous clothing stores, restaurants, book stores, lounges,...
Popular Estates
The quality of the estates in Ikeja will blow your mind. Living within most of them means that you'd be living in the same area as highly respected government parastatals. Awuse Estate, Alausa Royal Estate, Orchid Court...
Day Life
Fela Kuti's former home, the Kalakuta Republic Museum, is a great place to learn about the musician while he was alive. The Silverbird Cinema at ICM and Viva Cinemas at Jara Shopping Mall both have recently released film...
Night Life
The New Afrika Shrine is an open-air entertainment centre where Fela Kuti's children perform. Rumors nightclub, Cubana, Crescendo bar, Carlsbad Lounge and nightclub, Club Invogue, Club Uno, and Liquid Lounge are some of...
Schools
Schools in Ikeja have consistently ranked in the top positions over the years, thanks to excellent learning infrastructure and experienced teachers. Many of them adhere to the British educational system, which draws inte...
Read the full area guide for Ikeja, Lagos
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