1,433 SQM Residential Land

Property Details Location: Parkview Estate, Ikoyi, Lagos Property Type: Land Land Size: 1,433 SQM Asking Price: ₦2,400,000 per SQM Indicative Total Land Value: ₦3,439,200,000 (₦3.4392 Billion) Title: Lagos State Certificate of Occupancy (C of O), as stated Transaction: For Sale Zahari View This 1,433 SQM parcel of land is available for sale in Parkview Estate, Ikoyi, Lagos, offering prospective buyers an opportunity to assess a sizeable residential landholding in an established Ikoyi neighbourhood. At a stated asking price of ₦2.4 million per SQM, the indicative total acquisition cost is approximately ₦3.44 billion, excluding additional transaction expenses. The property's suitability for residential development will depend on its verified title, permitted land use, estate guidelines and applicable planning requirements. Buyers considering a private residence or a development project should establish the site's buildable area, setbacks, building-height limits, access arrangements and infrastructure provisions before preparing architectural plans or committing to construction. The stated Lagos State Certificate of Occupancy should be independently verified alongside the survey, ownership records and any restrictions affecting the property. An inspection and independent valuation can also help prospective buyers assess the asking price against the site's characteristics and relevant market evidence. Property Highlights 1,433 SQM landholding. Located in Parkview Estate, Ikoyi, Lagos. Asking price of ₦2.4 million per SQM. Indicative total land value of approximately ₦3.44 billion. Lagos State C of O stated. Potential for residential development, subject to permitted use and approvals. Suitable for assessment by private buyers, investors and developers. Why This Property Deserves Attention The land size provides room to assess a residential development concept suited to the site's actual planning parameters. Depending on the permitted use and applicable estate guidelines, prospective buyers may consider a private residence or another compliant residential project. For a buyer planning to build, the main considerations include the usable development area, design requirements, building restrictions, utility access and the total cost of delivering the proposed project. These factors will determine what can practically be built and whether the land aligns with the buyer's requirements. For investors, the acquisition price should be assessed against comparable land transactions, the property's verified legal status and the intended holding or development period. 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: Exact land boundaries and surveyed area of 1,433 SQM. Authenticity and current status of the stated Lagos State C of O. Ownership records and the seller's legal authority to transfer the land. Any mortgages, encumbrances, disputes or restrictions affecting the property. Permitted land use and Parkview Estate development guidelines. Applicable building height, density and setback requirements. Access roads, drainage, utilities and other infrastructure provisions. Estate dues, statutory charges and other applicable financial obligations. Planning and development approval requirements. The final asking price and any additional transaction costs. A physical inspection and independent legal, surveying, valuation and planning reviews are recommended before committing to the purchase. Investment Perspective Based on the stated asking price of ₦2.4 million per SQM, the indicative acquisition calculation is: Land size: 1,433 SQM Price per SQM: ₦2,400,000 Indicative total land value: ₦3,439,200,000 (approximately ₦3.44 billion) This calculation excludes any additional taxes, fees, professional costs or other transaction expenses that may apply. Prospective buyers should evaluate the asking price against comparable properties and consider the full cost of acquisition and any proposed development. A realistic project budget should account for design, construction, professional services, statutory charges, infrastructure and contingency costs. Investor / Buyer Note The key consideration is whether the property's verified title, permitted development parameters and asking price align with the buyer's intended use and financial objectives. Before committing funds, prospective buyers should verify the title and survey, confirm the estate's current development guidelines and obtain independent professional advice on the property's valuation and development potential. 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 information provided and does not constitute independent verification of the land, title, asking price or development potential. Prospective buyers should independently verify the land size, boundaries, ownership, title documentation, permitted use, planning requirements and all transaction terms before proceeding.