Residential land for sale
146 Hectares of Waterfront Land
Property Details Location: Parkview Estate--Banana Island waterfront corridor, Ikoyi, Lagos Property Type: Waterfront Land Total Land Size: 146 Hectares (1,460,000 SQM) Minimum Allocation: 10 Hectares (100,000 SQM) Asking Price: ₦3,500,000 per SQM Indicative Price per Hectare: ₦35 Billion Premium: 10% per Hectare (₦3.5 Billion) Transaction: For Sale Sharing Arrangement: To be advised Investor Requirements: Verifiable proof of funds and relevant project track record Expression of Interest: Required before inspection Zahari View An extensive waterfront landholding measuring 146 hectares is being offered for sale along the Parkview Estate--Banana Island waterfront corridor in Ikoyi, Lagos. With a minimum allocation of 10 hectares, the opportunity is directed towards investors, developers and organisations considering large-scale waterfront projects. At the stated asking price of ₦3.5 million per square metre, the indicative acquisition value is ₦35 billion per hectare, before the stated premium and other applicable costs. The scale of the landholding may warrant consideration for a substantial development proposal, subject to title verification, environmental assessment, planning requirements, technical feasibility and the necessary statutory approvals. The source lists several technical and environmental documents, while the Federal Certificate of Occupancy and Governor's Consent are described as being under process. Prospective investors should therefore distinguish between documents stated to be available and title or consent processes that remain incomplete. Independent verification is essential before any investment decision. Property Highlights 146 hectares of waterfront land. Located along the Parkview Estate--Banana Island waterfront corridor, Ikoyi. Minimum allocation of 10 hectares. Asking rate of ₦3.5 million per SQM. Indicative price of ₦35 billion per hectare. Additional premium of 10% per hectare, stated as ₦3.5 billion. Waterfront and technical documentation listed by the source. Federal C of O and Governor's Consent stated to be under process. Investor proof of funds and relevant project experience required. Expression of Interest required before inspection. Sharing arrangement to be advised. Why This Waterfront Opportunity Deserves Attention The size of the landholding and its position within the Ikoyi waterfront corridor make it an opportunity for investors evaluating large-scale land acquisition. The minimum allocation of 10 hectares allows prospective parties to assess a substantial parcel without necessarily acquiring the entire 146 hectares, subject to the seller's allocation and transaction terms. For institutional investors and experienced developers, the initial assessment should focus on the legal status of the land, the precise waterfront boundaries, the extent of developable area and the technical requirements associated with the proposed project. Waterfront land requires particular care. Reclamation history, shoreline conditions, ground stability, drainage, flood exposure, environmental restrictions and any applicable coastal or waterway requirements can materially affect development feasibility and total project cost. Documentation and Approval Status The source states that the following documents are available: Waterfront Approval. Bathymetry and Hydrographic Survey. Sand Search Report. Environmental Impact Assessment (EIA). Traffic Impact Assessment (TIA). Drainage Clearance. Registered Survey. The following are stated to be under process: Federal Certificate of Occupancy (C of O). Governor's Consent. These descriptions have not been independently verified. Investors should request copies of the documents, confirm their authenticity and scope, and obtain independent legal advice on the status of the underlying title and outstanding approvals. Investment and Acquisition Considerations At the stated rate, the indicative land value before the premium is: Allocation Land Size Indicative Price Minimum allocation 10 hectares / 100,000 SQM ₦350 billion Full landholding 146 hectares / 1,460,000 SQM ₦5.11 trillion Premium: The stated 10% premium is ₦3.5 billion per hectare. For a 10-hectare allocation, this equates to ₦35 billion; for the full 146 hectares, it equates to ₦511 billion. These figures are calculated from the supplied rate and land areas. They are indicative only and exclude any additional fees, taxes, professional charges, infrastructure costs or other transaction expenses not specified in the brief. Investors should obtain written confirmation of how the premium is applied and whether it is payable in addition to the stated land price. Investor Requirements and Transaction Process The source specifies the following requirements: Verifiable proof of funds. Relevant project track record. Submission of an Expression of Interest (EOI) before inspection. Sharing arrangement to be advised. Facilitator's fee stated as 5% cash plus 10% land from the investor. The facilitator's fee arrangement should be clarified in writing before proceeding. Investors should establish the fee calculation basis, the party responsible for payment, the precise land allocation involved and the contractual conditions governing the transaction. Given the scale of the proposed acquisition, investors should also establish the seller's authority to transact, the exact allocation boundaries, payment milestones, completion conditions and the consequences of any outstanding title or approval processes. Waterfront Due-Diligence Checklist Before committing funds, prospective investors should independently verify: Ownership and the complete chain of title. Current land registry records and any encumbrances. Authenticity and scope of the listed technical and environmental documents. Status of the Federal C of O and Governor's Consent processes. Survey coordinates, boundaries and waterfront extent. Reclamation status, where applicable, and ground stability. Bathymetry, hydrographic conditions and shoreline characteristics. Environmental restrictions and required regulatory approvals. Drainage, flood risk and coastal resilience requirements. Permitted land use and development parameters. Infrastructure requirements and project feasibility. All premiums, facilitator fees, statutory charges and transaction costs. Written terms for allocation, sharing and completion. Independent legal, surveying, environmental and engineering advice is strongly recommended. For Investor Enquiries and Inspections Call / WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Prospective investors should enquire about the eoi procedure, document review, current approval status, allocation terms and inspection requirements. Zahari Properties ...Points in the right direction. Disclaimer: This listing is based on information supplied by the source and does not constitute independent verification of ownership, title, approvals, document authenticity, land boundaries or development rights. The Federal C of O and Governor's Consent are stated to be under process. All prices, premiums, fees and transaction terms should be confirmed in writing. Prospective investors should complete independent legal, technical, environmental and financial due diligence before making any commitment.
