37,000 SQM Residential Land

Property Details Location: Ozumba Mbadiwe, Victoria Island, Lagos Property Type: Bulk Land Land Size: 37,000 SQM Asking Price: ₦160,000,000,000 net (₦160 Billion) Indicative Price per SQM: Approximately ₦4.32 Million Title: Land Certificate, as stated Transaction: For Sale Zahari View This 37,000 SQM parcel of land on Ozumba Mbadiwe, Victoria Island, Lagos, presents a large-scale acquisition opportunity for established property developers, institutional investors and buyers seeking a substantial landholding in a prominent Lagos business district. With an asking price of ₦160 billion net, the property is positioned for consideration by buyers with the financial capacity and development expertise to assess a major commercial or mixed-use project. The size of the land may offer flexibility for a significant development concept, subject to verification of the permitted land use, applicable planning regulations, development density and statutory approvals. Given the scale of the proposed acquisition, prospective buyers should assess the property's title, boundaries, accessibility, infrastructure requirements and development feasibility before proceeding. The stated Land Certificate should be independently reviewed by qualified legal professionals to establish its status, validity and implications for ownership and transfer. Property Highlights Extensive landholding of 37,000 SQM. Located on Ozumba Mbadiwe, Victoria Island, Lagos. Net asking price of ₦160 billion. Indicative asking rate of approximately ₦4.32 million per SQM. Land Certificate stated as the title document. Potential for a major commercial or mixed-use development concept, subject to planning approvals. Suitable for consideration by institutional investors, established developers and land-bank buyers. Why This Property Deserves Attention For institutional investors and developers: The size of the parcel may support the evaluation of a large development project. Before committing capital, buyers should establish the permitted use, allowable building height, development density, setbacks, parking requirements and other applicable planning conditions. For commercial property investors: Victoria Island's business-district setting may warrant an assessment of the site's suitability for a proposed commercial or mixed-use scheme. The investment case should be supported by independent valuation, comparable market evidence, projected development costs and a realistic assessment of demand. For land-bank buyers: The acquisition may be considered as part of a longer-term property strategy. However, holding costs, title status, planning constraints, infrastructure needs and the intended investment horizon should be evaluated before a purchase decision is made. Buyer's Perspective: What to Verify Before proceeding with the transaction, prospective buyers should independently verify: The Land Certificate, its legal status and the root of title. Ownership history and the seller's authority to transfer the property. Survey plan, coordinates, boundaries and exact land area. The property's precise location and access arrangements. Permitted land use and applicable planning regulations. Development density, building height, setbacks and parking requirements. Existing encumbrances, third-party interests or pending litigation. Road access, drainage, utilities and infrastructure requirements. Environmental conditions and any applicable development restrictions. Required planning approvals and statutory documentation. The net purchase price and all applicable transaction costs. Investor / Buyer Note The stated asking price is ₦160 billion net for 37,000 SQM. Based on the supplied figures, the indicative asking rate is approximately ₦4,324,324 per SQM. This calculation is for comparison purposes and does not represent an independent market valuation. Given the substantial capital commitment, prospective buyers should commission an independent valuation, undertake legal and technical due diligence, and prepare a detailed financial feasibility assessment before making a binding offer. For Enquiries & Inspections Contact Zahari Properties for further information and inspection arrangements. Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property details, asking price and title information are based on information supplied for this listing and have not been independently verified. Prospective buyers should confirm the land size, boundaries, ownership, title status, permitted land use, development parameters and all transaction terms through independent legal, survey, valuation and planning due diligence before proceeding.