1,200 SQM Waterfront Land

Property Details Location: Shoreline Estate, Ikoyi, Lagos Property Type: Waterfront Land Land Size: 1,200 SQM Asking Price: ₦7,000,000,000 (₦7 Billion) Title: Lagos State Certificate of Occupancy (C of O), as stated Key Feature: Direct Waterfront Transaction: For Sale Zahari View This 1,200 SQM waterfront land is available for sale in Shoreline Estate, Ikoyi, Lagos, with an asking price of ₦7 billion. Its direct waterfront position may appeal to buyers seeking a distinctive site for a luxury residential development within the Ikoyi property market. For prospective buyers, the value of a waterfront site extends beyond its location and land size. The shoreline conditions, development restrictions, access, drainage, environmental considerations and permitted building parameters can all influence the property's practical development potential. These factors should be assessed alongside the acquisition cost before a purchase decision is made. The stated Lagos State Certificate of Occupancy should also be independently verified, together with the property's survey, ownership records and any restrictions affecting the land. A clear understanding of the estate's development guidelines and the approvals required for waterfront construction is essential before preparing architectural plans or a project budget. Property Highlights 1,200 SQM parcel of land. Located in Shoreline Estate, Ikoyi, Lagos. Direct waterfront position. Asking price of ₦7 billion. Lagos State C of O stated. Potential opportunity for buyers considering a luxury residential development, subject to permitted use and approvals. Waterfront-specific technical and environmental due diligence required. Why This Property Deserves Attention The direct waterfront position is the defining feature of this property. For buyers considering a luxury residential project, the setting may provide an opportunity to explore a design that responds to the surrounding waterfront environment, subject to the site's physical conditions and applicable planning requirements. At the stated asking price, the acquisition requires careful assessment of both the legal status of the land and the feasibility of the proposed development. The buyer should establish the buildable area, applicable setbacks, permitted building height, density restrictions and any special requirements relating to the shoreline. The property's suitability should ultimately be determined by independent valuation, technical assessment and a review of the relevant planning and title documentation. Future appreciation or investment returns should not be assumed without supporting market evidence and financial analysis. Buyer's Perspective: What to Verify Before proceeding with an offer, prospective buyers should independently confirm: The exact land boundaries, survey and measured area. The authenticity and current status of the Lagos State C of O. Ownership records and the seller's legal authority to transfer the property. Any mortgages, encumbrances, disputes or restrictions affecting the land. The estate's development guidelines and permitted land use. Building setbacks, height limits, density and other planning requirements. Waterfront construction restrictions and relevant environmental approvals. Shoreline stability, erosion exposure, drainage and flood-risk conditions. Access roads, utility availability and infrastructure provisions. Estate dues, statutory charges and other applicable costs. Planning approval requirements for the intended development. A physical inspection and independent legal, surveying, environmental and planning reviews are strongly recommended before committing to the acquisition. Investment Perspective At the stated asking price of ₦7 billion for 1,200 SQM, the indicative asking rate is approximately ₦5.83 million per SQM. Prospective buyers should evaluate this figure against comparable waterfront properties, the property's verified title and development potential, and the total cost of delivering the intended project. Additional expenses may include professional fees, statutory charges, approvals, infrastructure works and construction costs. For a buyer planning a luxury residential development, a feasibility assessment should establish what can legally and practically be built on the site before the project budget is finalised. Investor / Buyer Note The primary consideration is the relationship between the property's direct waterfront position, its verified legal status and the development parameters governing the site. Before making a commitment, buyers should confirm the title, establish the applicable waterfront restrictions and obtain professional advice on the site's physical and planning conditions. These checks will help determine whether the land aligns with the buyer's intended use and financial objectives. For Enquiries & Inspections Phone: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: This listing is based on the property information provided and does not constitute independent verification of the land, title, price or development potential. Prospective buyers should verify the land size, ownership, title documentation, waterfront conditions, permitted use, planning requirements and all transaction terms before proceeding.