6,298 SQM Land

Property Details Location: Eko Atlantic City, Victoria Island, Lagos Property Type: Land Land Size: 6,298 SQM Phase: 1/2 Price: US$2,500 per SQM Total Asking Price: US$15.745 Million Transaction: Sale Title: Lagos State Certificate of Occupancy (C of O) Zahari View This 6,298 SQM landholding in Eko Atlantic City, Victoria Island, represents a substantial development site within one of Lagos's major planned urban developments. The size of the landholding makes it relevant to buyers assessing large-scale development opportunities. However, the practical development potential should be established through verification of the exact plot location, zoning, permitted density, allowable building height, development guidelines and applicable Eko Atlantic planning controls. For prospective buyers, the assessment should therefore go beyond the stated land size and price per square metre. The specific plot allocation, development rights and applicable planning requirements should be independently confirmed before acquisition. Property Highlights 6,298 SQM landholding Located in Eko Atlantic City, Victoria Island Phase 1/2 Asking price of US$2,500 per SQM Total asking price: US$15.745 Million Lagos State C of O Substantial development footprint Suitable for assessment as a large-scale development site Exact zoning and development parameters to be independently confirmed Why This Property Deserves Attention The property's 6,298 SQM land size provides a substantial development footprint and may be relevant to developers assessing projects that require a larger site area. Its location within Eko Atlantic City also makes the development framework an important part of the acquisition assessment. Buyers should establish the precise plot position, applicable phase requirements and the development controls governing the specific site. The stated price of US$2,500 per SQM provides a basis for evaluating the acquisition cost, but prospective buyers should also consider the total development economics, including applicable infrastructure, construction, professional and regulatory costs. Buyer's Perspective Before purchasing, prospective buyers should request detailed information about: Exact plot number and location Confirmed land boundaries and survey Phase allocation Zoning designation Permitted land use Development density Allowable building height Plot coverage requirements Setback requirements Road access Infrastructure provisions Eko Atlantic development guidelines Applicable service or estate obligations Title and ownership documentation Development approval requirements Any restrictions or encumbrances affecting the site These details can help establish what can practically and legally be developed on the land. Investment Perspective For an investment-focused purchaser, the assessment should include the US$15.745 million acquisition price, land size, development rights, permitted density, construction economics, infrastructure obligations and intended development strategy. The substantial size of the site may be relevant to developers considering larger-scale projects, but the investment case should be based on the specific development rights and verified planning parameters attached to the plot. Prospective investors should therefore model the total project cost and intended end use against current market conditions before proceeding. Investor / Buyer Note Serious buyers should conduct independent due diligence covering: Verification of the Lagos State C of O Ownership verification Exact plot number and location Survey and boundary confirmation Phase verification Zoning confirmation Permitted land use Development density Maximum permissible height Plot coverage Setback requirements Road access and frontage Infrastructure arrangements Eko Atlantic planning guidelines Development approval process Estate or infrastructure-related obligations Existing restrictions or encumbrances Feasibility of the proposed development A professional survey, planning assessment and legal review are strongly recommended before proceeding with the acquisition. Documentation The stated Lagos State Certificate of Occupancy (C of O) should be made available for independent verification by serious prospective buyers. Buyers should also obtain the relevant plot allocation, survey information, zoning details and applicable development guidelines for the specific site. Appropriate legal, surveying, planning and development professionals should be engaged to verify the documentation and establish the development parameters before completing the transaction. Property Intelligence Beyond the Listing At Zahari Properties, we believe a large development site should be assessed based on what can legally, practically and economically be developed on the land. For this 6,298 SQM holding in Eko Atlantic City, the size and location are only part of the assessment. The specific plot position, zoning, development density, permissible height, infrastructure requirements and applicable planning controls can significantly influence the development strategy. The stated US$2,500 per SQM should therefore be considered alongside the total acquisition cost and projected development requirements. During due diligence, buyers should establish the precise development rights attached to the property before determining whether the site aligns with their intended large-scale development or investment strategy. Asking Price US$2,500 per SQM Total Asking Price: US$15.745 Million For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Land size, title, ownership, plot allocation, phase, zoning, permitted land use, development density, building height, infrastructure obligations, planning requirements and other property information should be independently verified by the prospective buyer before making an offer or completing a transaction.