2,245 SQM Residential Waterfront Land

Property Details Location: Banana Island, Lagos Property Type: Waterfront Residential Land Land Size: 2,245 SQM Price: ₦10,000,000,000 Title: Federal and Lagos State Certificates of Occupancy (C of O), as stated Transaction: For Sale Zahari View This 2,245 SQM parcel of waterfront residential land in Banana Island, Lagos, is offered for sale at a stated price of ₦10 billion. Located in one of Lagos's prominent high-value property markets, the land may appeal to investors, developers and private buyers exploring residential development opportunities in a waterfront setting. The property's advertised residential classification may be relevant to buyers considering a private residence or another residential project, subject to applicable planning regulations, approved land use and development requirements. Its waterfront designation may also be an important consideration for buyers evaluating site orientation, access and the potential design of a future development. Prospective buyers should independently verify the precise location, waterfront boundaries, permitted land use, applicable building restrictions, environmental requirements and title documentation before making a purchase decision. Property Highlights 2,245 SQM parcel of land. Located in Banana Island, Lagos. Waterfront location, as advertised. Original Layout --- Residential. Stated asking price of ₦10 billion. Federal and Lagos State Certificates of Occupancy (C of O), as stated. Potential for residential development, subject to verified planning permissions and applicable restrictions. May appeal to private buyers, property investors and residential developers. Why Consider This Property? The property's advertised location in Banana Island may attract buyers seeking land within an established high-value property market. Its stated waterfront position may also interest buyers looking to explore residential design opportunities that take the site's setting into account. With a land area of 2,245 SQM, the parcel may provide scope for a substantial residential project, depending on the approved development parameters, setbacks, site conditions and relevant planning requirements. However, buyers should not assume that every proposed development is permissible. The actual building potential will depend on official planning records, title conditions, environmental considerations and other site-specific restrictions. Price and Financial Considerations Asking Price: ₦10,000,000,000 Land Size: 2,245 SQM The stated asking price works out to approximately ₦4.45 million per SQM, based on the advertised land area and total price. This is a simple price-per-square-metre calculation and does not independently establish the property's market value. Before proceeding, prospective buyers should confirm: Whether the asking price is negotiable. The exact surveyed land area and property boundaries. The terms and conditions of the proposed sale. Applicable legal, agency, documentation and transaction costs. Whether there are existing interests, encumbrances or restrictions affecting the property. Comparable land transactions in the immediate area. Buyer's Due-Diligence Checklist Given the property's advertised waterfront location and title claims, prospective buyers should independently verify the following: Title verification: Have an independent property lawyer investigate the stated Federal and Lagos State Certificates of Occupancy and establish the property's root of title. Ownership and authority to sell: Confirm the vendor's legal interest and authority to transfer the property. Survey and boundaries: Verify the survey plan, land dimensions and precise waterfront boundaries. Residential classification: Confirm the approved land use and applicable planning conditions. Development potential: Establish permitted building types, density, height limits, setbacks and other planning requirements. Waterfront considerations: Investigate applicable coastal or waterfront restrictions, drainage, flooding, erosion and environmental requirements. Existing interests: Check for mortgages, leases, disputes, encumbrances or third-party claims. Transaction documentation: Have an independent lawyer review the sale agreement, payment terms and transfer process before funds are committed. The advertised titles should not be treated as independently verified until the relevant records and documentation have been examined. Investment Perspective This property may be considered for a private residential project or longer-term land investment, depending on the buyer's objectives and the site's verified legal and planning status. An investment assessment should consider comparable land values, demand for waterfront residential property, development costs, infrastructure, environmental conditions, applicable approvals and the time required to prepare the site for construction. Potential appreciation and future returns should not be assumed without supporting market evidence. The property's investment suitability will depend on the verified title, permitted development, purchase price, site conditions and the overall cost of ownership or development. For Enquiries & Inspections Zahari Properties Contact Zahari Properties to confirm availability, obtain further property details and arrange an inspection. Website: www.zaharihub.com Zahari Properties --- Points in the right direction. Disclaimer All property details, including location, land size, waterfront classification, asking price, residential designation and title information, are based on the information supplied and have not been independently verified. The stated Federal and Lagos State Certificates of Occupancy should be reviewed by a qualified property lawyer through appropriate title searches. Prospective buyers should verify the land boundaries, approved use, waterfront-related restrictions and applicable development permissions before making any financial commitment.