1,283 SQM Residential Land

Property Details Location: Banana Island, Lagos Property Type: Residential Land Land Size: 1,283 SQM Price: ₦5,800,000 per SQM net Indicative Total Price: ₦7,441,400,000 (₦7.4414 Billion) Title: Lagos State Certificate of Occupancy (C of O), as stated Transaction: For Sale Zahari View This 1,283 SQM parcel of residential land in Banana Island, Lagos, is offered for sale at a stated net price of ₦5.8 million per square metre. The property may appeal to private buyers, property investors and developers seeking residential land in an established high-value Lagos property market. The land is described as part of the Original Layout --- Residential, making its advertised residential classification an important consideration for prospective buyers evaluating a future development. The site's suitability for a proposed project will depend on the approved land use, applicable planning regulations, building restrictions and verified title documentation. At the stated rate, the indicative total purchase price is approximately ₦7.44 billion, calculated using the advertised land size and price per square metre. Buyers should confirm the final transaction price, the meaning of the stated net rate and any additional costs before proceeding. Property Highlights 1,283 SQM parcel of land. Located in Banana Island, Lagos. Original Layout --- Residential, as advertised. Stated price of ₦5.8 million per SQM net. Indicative total price of ₦7.4414 billion. Lagos State Certificate of Occupancy (C of O), as stated. Potential for residential development, subject to planning approval and applicable restrictions. May interest private buyers, investors and residential developers. Why Consider This Property? The advertised location in Banana Island may be relevant to buyers seeking residential land within a recognised high-value property market in Lagos. With a stated land area of 1,283 SQM, the parcel may provide an opportunity to explore a residential project suited to the buyer's objectives, subject to the site's approved development parameters and physical conditions. The advertised residential classification may help guide initial assessments, but buyers should not assume that a particular building type, building height or development density is permitted without confirmation from the relevant authorities. Price and Financial Considerations Price per SQM: ₦5,800,000 net Land Size: 1,283 SQM Indicative Total Price: ₦7,441,400,000 The indicative total is calculated as follows: 1,283 SQM × ₦5,800,000 = ₦7,441,400,000. Before making a financial commitment, prospective buyers should confirm: Whether the quoted net price is negotiable. What costs, if any, are excluded from the stated net rate. The final agreed purchase price. The surveyed land area and precise boundaries. Applicable legal, agency, documentation and transaction costs. Whether any encumbrances, third-party interests or restrictions affect the property. Comparable land transactions in the immediate area. Buyer's Due-Diligence Checklist Before proceeding with the purchase, prospective buyers should independently verify: Title verification: Have an independent property lawyer examine the advertised Lagos State C of O and investigate the property's root of title. Ownership: Confirm the vendor's legal interest and authority to sell. Survey and boundaries: Verify the survey plan, land dimensions and exact site boundaries. Approved land use: Confirm the residential designation and any conditions attached to the property. Development potential: Establish permitted building types, density, height restrictions, setbacks and applicable planning requirements. Existing interests: Investigate mortgages, leases, disputes, encumbrances and third-party claims. Transaction terms: Have a qualified lawyer review the sale agreement, payment arrangements and transfer documentation. The stated title should not be treated as independently verified until the relevant records and documents have been examined. Investment Perspective This parcel may be considered for residential development or longer-term land investment, depending on the buyer's objectives and the site's verified legal and planning status. A proper investment assessment should consider comparable land prices, market demand, development costs, infrastructure, planning restrictions and the time required to obtain the necessary approvals. Future appreciation and potential returns should not be assumed without supporting market evidence. The investment case will depend on the final purchase price, verified title, permitted development and overall costs. For Enquiries & Inspections For Enquiries & Inspections Zahari Properties For availability, further property details and inspection arrangements, contact Zahari Properties. This Website: www.zaharihub.com Zahari Properties --- Points in the right direction. Disclaimer All property details, including location, land size, asking price, residential classification and title information, are based on the information supplied and have not been independently verified. The advertised Lagos State Certificate of Occupancy should be reviewed through appropriate title searches by a qualified property lawyer. Prospective buyers should verify the land boundaries, approved use, transaction costs and applicable development permissions before making any financial commitment.