Residential land for sale
645SQM Bare Land Temple Road / Olu Holloway Road, Old Ikoyi, Ikoyi,
Temple Road. Old Ikoyi. 645sqm. Lagos C of O. ₦4,500,000 Per Square Metre. This Is What a Clean Ikoyi Land Title Looks Like. And This Is the Street It Comes On. The problem Old Ikoyi land has a reputation problem --- not with its value, but with its availability. The streets that define the original Ikoyi --- the tree-lined, wide-road, established residential corridors that Lagos's most senior families, diplomats, and multinational executives have occupied for generations --- rarely release land to the open market. When they do, it is because of a specific circumstance: an estate settlement, a portfolio restructuring, a family decision, a motivated vendor whose timeline creates a window that closes faster than most buyers can form a view. Temple Road and Olu Holloway Road are exactly those streets. They are not addresses that appear in property listings frequently. They are the Ikoyi that people describe when they say Ikoyi --- the original layout, the mature canopy, the residential character that has been consistent for fifty years. The buildings on these streets tell you who has lived in Old Ikoyi across the generations of Lagos's corporate and political leadership. 645sqm of bare land on these streets, with a Lagos C of O, has entered the market today. The agitation Here is the specific cost of missing a clean Ikoyi land position when one becomes available. Old Ikoyi is the most supply-constrained residential land market in Lagos. The streets are finite. The plots are held by families and institutions who acquired them at a time when the per-sqm rate was a fraction of today's number. Those holders do not sell because they need to. They sell when circumstances specifically require it. The rate at which Old Ikoyi land at this per-sqm rate has entered the market and been absorbed in the last decade is the documented evidence of what happens when a qualified buyer delays the decision. The plot does not stay available. It transacts --- sometimes in days, sometimes in weeks --- to a buyer who was ready when the window opened. Compare the current position to what happened on the comparable streets in this same sub-corridor. The Kingsway Road cluster in Old Ikoyi, which was available at ₦4.5M per sqm --- the same per-sqm rate as this plot --- has moved. The Bourdillon Road parcels, also at ₦4M per sqm, have been absorbed into conversations that the undecided buyer was not part of. Temple Road and Olu Holloway Road is where you are now being offered the same entry into the same sub-corridor. The window on this specific plot opened today. The solution 645 square metres of bare residential land at the junction of Temple Road and Olu Holloway Road, Old Ikoyi, Ikoyi, Lagos. Lagos Certificate of Occupancy. ₦4,500,000 per square metre. Total acquisition cost: ₦2,902,500,000. Here is what this plot actually represents --- beyond the numbers: Temple Road and Olu Holloway Road, Old Ikoyi --- the specific address that defines what Ikoyi is. This is not Old Ikoyi as a postcode approximation. This is the interior residential core of the original planned Ikoyi --- the streets that were laid out before Lagos became what it is today and that have maintained their character, their tree canopy, their residential quality, and their address credibility through every cycle of Lagos's development. The homes on these streets belong to families whose names are part of Nigerian corporate, political, and diplomatic history. The address itself is a credential that no amount of development elsewhere in Lagos can replicate. You are not acquiring proximity to Old Ikoyi. You are acquiring Old Ikoyi. 645sqm --- the development footprint for a full residential statement. At 645sqm, the land accommodates a fully detached private residence with pool, compound, parking, BQ, and outdoor infrastructure without spatial compromise. Or a premium boutique residential development whose units address the highest-end buyer profile in Lagos. Both development paths are viable. Both produce finished properties whose exit value is determined by the address --- Temple Road, Old Ikoyi --- not just the building specification. The land is the leverage. Lagos Certificate of Occupancy --- the cleanest individual title in Lagos land law. This is not a Global C of O requiring derivation through a Deed of Assignment. This is not a Federal C of O requiring a different regulatory conversation. This is a Lagos C of O --- issued by Lagos State --- individually registered in the name of the current landowner, directly in the buyer's name upon transfer. There is no upgrade process. No post-purchase application. No conversion step. Your solicitor verifies the C of O. The transfer is completed. The title is in your name. The process from verification to completion is the most straightforward land title transaction available in Lagos residential property law. For a buyer who has looked at land positions across the Ikoyi corridor --- Kingsway, Bourdillon, Lugard Avenue, Queens Drive --- and has encountered Global C of O, Deed of Assignment, and Governor's Consent in various stages of completion, the Lagos C of O on Temple Road is the position where the title conversation is shortest and most definitive. Bare land --- ready to build on your timeline, to your specification, to your standard. No demolition. No encroachment resolution. No pre-existing structure embedding someone else's decisions into your build. You commission your architect. You appoint your contractor. You build the home or the development that Temple Road deserves and that your vision requires. The land does not impose any constraints on that vision beyond the plot boundary and the applicable Old Ikoyi building regulations --- which, if anything, protect the environment your building will sit in by ensuring the neighbours build to the same standard. ₦4,500,000 per sqm. Total: ₦2,902,500,000. At this per-sqm rate, Temple Road / Olu Holloway Road is priced consistently with the Kingsway Road corridor of Old Ikoyi --- the same sub-zone, the same address caliber, the same C of O title standard. For the developer or investor who has been tracking Ikoyi land at this price level, the per-sqm figure requires no explanation. It is the correct number for this street. The total acquisition of ₦2.9B is what owning 645sqm on Temple Road in the centre of Old Ikoyi costs in 2026. Old Ikoyi, Temple Road and Olu Holloway Road, does not flood. The original Ikoyi road network was planned and drained as part of the colonial-era infrastructure that predates most of Lagos's residential development. The streets and drainage of this sub-corridor have been managed and maintained for decades. This is among the most drainage-stable zones in the entire Lagos Island area. Smilebay Realties does not list properties in flood-prone areas. This plot on Temple Road, Old Ikoyi, was assessed against that standard before listing. It passed. Your land acquisition on one of Ikoyi's most established residential streets is protected from the rainy-season risk that affects less-managed or lower-lying Lagos addresses. The call to action Temple Road, Old Ikoyi. 645sqm. Lagos C of O. ₦4.5M per sqm. Total ₦2,902,500,000. Posted today. Available now. The buyer for this plot is in one of three positions: First --- a developer whose project requires an Old Ikoyi address and who understands what Temple Road / Olu Holloway Road produces as an exit address for finished residential units. Second --- a private principal whose home has been the deferred decision for long enough and who has the capital to acquire the correct Ikoyi land position and build exactly what they have been envisioning. Third --- a family office or investment portfolio adding Old Ikoyi land --- C of O titled, bare, ready to build --- as a naira-hedged, supply-constrained asset class whose appreciation history in this sub-corridor needs no projection to be credible. All three conversations start with the same call. Lagos C of O available for immediate solicitor review. Site visit arrangeable this week. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Temple Road is not a street that waits. Neither does the buyer who moves when the window is open. 645sqm Bare Land --- Residential Temple Road / Olu Holloway Road, Old Ikoyi, Ikoyi, Lagos Title: Lagos Certificate of Occupancy --- Individually Registered Price: ₦4,500,000 per sqm Total Acquisition Cost: ₦2,902,500,000 Condition: Bare Land --- Ready to Build --- No Demolition Required Flood-Free --- Confirmed by Smilebay Realties Pre-Listing Assessment Listed by Smilebay Realties Limited --- Ref: 3541302
