5,500 SQM Waterfront Land with Existing Mansion

Location: Queens Drive, Ikoyi, Lagos Property Type: Waterfront Land with Existing Mansion Land Size: 5,500 SQM Price: ₦6 Million per SQM Total Asking Price: ₦33 Billion Title: Federal C of O Transaction: For Sale Property Overview This 5,500 SQM waterfront land for sale on Queens Drive, Ikoyi, Lagos presents a substantial property holding within one of Lagos' most established premium residential locations. The property comprises a sizeable waterfront parcel with an existing mansion, offering a buyer the opportunity to assess the site for continued private residential use, redevelopment or a new residential concept, subject to applicable planning regulations, title verification and required approvals. At ₦6 Million per SQM, the total asking price is ₦33 Billion. Zahari View The defining characteristics of this property are its large 5,500 SQM land size, Queens Drive location, waterfront position and existing residential structure. For a private buyer, the property may provide an opportunity to secure a substantial waterfront holding for a premium residence, subject to the condition and suitability of the existing structure. For a developer, the land size may justify consideration as a redevelopment opportunity, with the existing mansion forming part of the assessment. Any proposed redevelopment should be evaluated against applicable planning, environmental, building and waterfront requirements. The combination of a premium Ikoyi location and substantial land area makes this property worthy of detailed consideration by qualified buyers with a long-term residential development strategy. Property Highlights 5,500 SQM waterfront land Located on Queens Drive, Ikoyi, Lagos Existing mansion on the property ₦6 Million per SQM ₦33 Billion total asking price Federal C of O Premium waterfront location Potential for private residential use or redevelopment Suitable for substantial residential development, subject to approvals Relevant to high-net-worth private buyers, developers and strategic investors Why This Property Deserves Attention Large waterfront landholdings in premium parts of Ikoyi offer a different proposition from conventional residential plots. At 5,500 SQM, this property provides a substantial development footprint, while its waterfront position gives the site a distinctive characteristic that may influence the design and positioning of any future development. The existing mansion also creates an additional consideration for prospective buyers. Depending on its condition, documentation and planning status, a buyer may evaluate whether to retain, renovate or redevelop the existing structure. The appropriate strategy should ultimately be determined through technical inspection, planning assessment, title verification and financial feasibility. Development & Investment Perspective At an asking price of ₦6 Million per SQM, the acquisition represents a significant capital commitment. A developer considering redevelopment should conduct a comprehensive feasibility assessment covering: Permitted land use Development density Building height restrictions Setback requirements Parking provisions Waterfront development requirements Environmental considerations Site access and infrastructure Construction and demolition costs, where applicable Professional and consultancy fees Statutory charges and approvals Financing requirements Market demand and potential returns The existing mansion should also be professionally inspected to determine its structural condition and whether retaining or redeveloping the structure is commercially and technically appropriate. Investor's Note Prospective buyers should evaluate the property based on its specific site characteristics and intended development strategy. Before committing funds, buyers should independently verify: Federal C of O and title history Ownership and transfer history Survey and exact site dimensions Existing mansion documentation and planning status Permitted land use Development and planning regulations Waterfront and environmental requirements Building density and height restrictions Setback and parking requirements Access and infrastructure Applicable government and statutory charges Redevelopment or renovation feasibility Projected development costs and returns Documentation Title: Federal C of O Documentation is available for verification. Prospective buyers are advised to engage qualified legal, survey, planning, engineering and property professionals to independently verify the title, survey, existing structure and applicable development requirements before concluding the transaction. Property Intelligence Beyond the Listing At Zahari Properties, we believe premium property acquisition should be guided by more than location and asking price. For a major waterfront acquisition, understanding title, site configuration, existing structures, planning requirements, development potential, environmental considerations and long-term market positioning is essential. This 5,500 SQM waterfront property on Queens Drive, Ikoyi combines substantial land size, an existing mansion and a premium waterfront location, making it an opportunity worthy of serious consideration by qualified private buyers and developers. Asking Price ₦6 Million per SQM 5,500 SQM × ₦6 Million = ₦33 Billion For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer Property information, pricing, availability and documentation are subject to confirmation and verification. Waterfront development may be subject to additional planning, environmental and regulatory requirements. The condition, planning status and suitability of the existing mansion should be independently assessed. Prospective buyers should conduct comprehensive legal, survey, planning, technical, environmental and financial due diligence before making any financial commitment.