4,000 SQM Waterfront Land

Property Details Location: Mixed Development Area, Banana Island, Ikoyi, Lagos Property Type: Waterfront Land Land Size: 4,000 SQM Asking Price: ₦3,700,000 per SQM net Indicative Total Land Value: ₦14,800,000,000 (₦14.8 Billion) Title: Federal Certificate of Occupancy (C of O), as stated Key Feature: Waterfront Location Transaction: For Sale Zahari View This 4,000 SQM waterfront land is available for sale in the mixed development area of Banana Island, Ikoyi, Lagos. With a stated asking price of ₦3.7 million per SQM net, the property presents an opportunity for buyers and developers evaluating a substantial waterfront site within one of Lagos's premium real estate locations. The mixed development designation makes it important to establish the precise uses permitted on the property before deciding on a development concept. Depending on the applicable planning framework and site-specific approvals, prospective buyers may assess the feasibility of a luxury residential project or an appropriate mixed-use development. Beyond location and land size, the site's waterfront position requires careful assessment of shoreline conditions, environmental considerations, drainage, flood exposure and construction restrictions. The stated Federal C of O should also be independently verified, alongside the survey, ownership records and any conditions or encumbrances affecting the land. Property Highlights 4,000 SQM waterfront landholding. Located in the mixed development area of Banana Island, Ikoyi, Lagos. Asking price of ₦3.7 million per SQM net. Indicative total land value of ₦14.8 billion. Federal C of O stated. Potential for a luxury waterfront or permitted mixed-use development. Suitable for assessment by investors, developers and private buyers. Waterfront-specific legal, technical and environmental due diligence required. Why This Property Deserves Attention The 4,000 SQM land area provides a substantial footprint for buyers considering a development that requires more space than a typical residential plot. Its location within a mixed development area may also warrant a broader feasibility assessment, provided the intended use is permitted under the applicable planning regulations. For developers, the critical next step is to establish the site's actual development capacity. The approved land use, buildable area, building height, density, setbacks, access arrangements, parking requirements and infrastructure provisions will influence both the design and the financial feasibility of a proposed project. The waterfront position adds another layer to the assessment. Shoreline stability, drainage, erosion exposure, flood risk and any restrictions on construction near the water should be reviewed by qualified professionals before the buyer commits to an architectural design or construction budget. Buyer's Perspective: What to Verify Before proceeding with an offer, prospective buyers should independently confirm: The exact land boundaries and surveyed area of 4,000 SQM. Authenticity and current status of the stated Federal C of O. Ownership records and the seller's legal authority to transfer the property. Any encumbrances, disputes, mortgages or restrictions affecting the land. The precise permitted uses within the mixed development area. Applicable development guidelines, building height, density and setbacks. Waterfront boundaries and any shoreline construction restrictions. Environmental requirements, drainage conditions, erosion exposure and flood risk. Road access, utilities and available infrastructure. Required planning and development approvals. Applicable estate dues, statutory charges and transaction costs. The meaning of the stated net price and any additional fees payable. A physical inspection and independent legal, surveying, environmental and planning reviews are recommended before committing to the acquisition. Investment Perspective Based on the stated asking price of ₦3.7 million per SQM, the indicative acquisition calculation is: Land size: 4,000 SQM Price per SQM: ₦3,700,000 net Indicative total land value: ₦14,800,000,000 (₦14.8 billion) This calculation excludes any additional taxes, fees, professional costs or other transaction expenses that may apply. Buyers should assess the asking price alongside comparable properties, the verified title position, the site's permitted development potential and the cost of delivering the intended project. For development purposes, a realistic financial model should include construction, infrastructure, professional fees, statutory charges, financing and contingency provisions. Future appreciation or investment returns should not be assumed without independent market evidence and financial analysis. Investor / Buyer Note The key consideration is whether the property's verified legal status, mixed development designation and waterfront conditions support the buyer's intended use. Before committing funds, prospective buyers should confirm the title and boundaries, establish the applicable planning framework, and obtain professional advice on the site's environmental and technical conditions. These steps will help determine the property's practical development potential and inform a realistic acquisition 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 land, title, price or development potential. Prospective buyers should independently verify the land size, boundaries, ownership, title documentation, permitted uses, waterfront conditions, required approvals and all transaction terms before proceeding.