3,400 SQM Residential Waterfront Land

Property Details Location: Residential Area, Banana Island, Ikoyi, Lagos Property Type: Waterfront Land Land Size: 3,400 SQM Asking Price: ₦4,000,000 per SQM net Indicative Total Land Value: ₦13,600,000,000 (₦13.6 Billion) Title: Federal C of O and Lagos State C of O, as stated Key Feature: Waterfront Location Transaction: For Sale Zahari View This 3,400 SQM waterfront land is available for sale in the residential area of Banana Island, Ikoyi, Lagos. With an asking price of ₦4 million per SQM net, the property represents a high-value acquisition opportunity for buyers considering a luxury residential development or a substantial private landholding in this location. The land size may offer flexibility for planning a sizeable residential project, subject to the applicable development guidelines, permitted land use and statutory approvals. Its waterfront position is an important factor in evaluating the property's potential, but the practical development options will depend on the site's boundaries, shoreline conditions, environmental requirements and approved building parameters. The stated Federal C of O and Lagos State C of O should be independently reviewed to establish the precise interests covered by each document, their current status and how they relate to the property. Prospective buyers should also confirm the survey, ownership history and any restrictions affecting the land before proceeding. Property Highlights 3,400 SQM waterfront landholding. Located in the residential area of Banana Island, Ikoyi, Lagos. Asking price of ₦4 million per SQM net. Indicative total land value of ₦13.6 billion. Federal C of O and Lagos State C of O stated. Potential for luxury residential development, subject to approvals. Waterfront-specific legal, technical and environmental due diligence required. Why This Property Deserves Attention The 3,400 SQM land area provides a substantial footprint for buyers considering a high-value residential project. Depending on the verified development parameters, the site may be assessed for a luxury residence or another permitted residential concept suited to the property's location and physical characteristics. For developers and private buyers, the decision should be based on more than the land size and asking price. The usable development area, applicable setbacks, permitted building height, density, access, utility provisions and waterfront restrictions all need to be established before a design or construction budget is prepared. The stated net price should also be clarified during negotiations, including any additional transaction costs and the terms under which the seller expects to complete the sale. Independent valuation and a review of comparable properties can help buyers assess the asking price against current market evidence. Buyer's Perspective: What to Verify Before making an offer, prospective buyers should independently confirm: Exact land boundaries and the surveyed area of 3,400 SQM. Authenticity and current status of the stated Federal C of O and Lagos State C of O. The specific property interests covered by each title document. Ownership records and the seller's legal authority to transfer the land. Any encumbrances, disputes, mortgages or restrictions affecting the property. Permitted land use and the applicable estate development guidelines. Building height, density, setbacks and other planning requirements. Waterfront boundaries and any restrictions affecting construction near the shoreline. Shoreline stability, erosion exposure, drainage and flood-risk conditions. Access roads, utilities and available infrastructure. Applicable statutory charges, estate dues and transaction costs. Planning and environmental approvals required for the intended development. A physical inspection and independent legal, surveying, environmental and planning reviews are recommended before committing to the purchase. Investment Perspective Based on the stated asking price of ₦4 million per SQM, the indicative acquisition calculation is: Land size: 3,400 SQM Price per SQM: ₦4,000,000 net Indicative total land value: ₦13,600,000,000 (₦13.6 billion) This calculation excludes any additional fees, taxes, professional costs or other transaction expenses that may apply. Buyers should evaluate the acquisition price alongside the verified title position, permitted development parameters, site conditions and intended holding period. For a development project, the financial assessment should include construction costs, professional fees, infrastructure requirements, statutory charges and appropriate contingency provisions. Future appreciation or investment returns should not be assumed without independent market and financial analysis. Investor / Buyer Note The central consideration is whether the property's verified legal status, waterfront conditions and permitted development parameters align with the buyer's intended use. Before committing funds, prospective buyers should establish what can legally and practically be developed on the site, confirm the title documentation and obtain professional advice on any waterfront-specific requirements. These steps will help inform a realistic acquisition and development budget. 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 property, title, price or development potential. Prospective buyers should independently verify the land size, boundaries, ownership, title documentation, waterfront conditions, permitted use, applicable approvals and all transaction terms before proceeding.