Standalone 3,338.70 Sqm Of Prime Land With 54 Room Structure

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Prime Victoria Island Development Site -
3,338.70 sqm
Lagos State
C of O
₦7.5 Billion ---
Off Adeola Odeku

Overview --- A Rare Island OpportunitySemi‑direct instruction: a substantial, titled development parcel directly off Adeola Odeku, Victoria Island. The site totals 3,338.70 sqm (single consolidated title) and is offered with a clean Lagos State Certificate of Occupancy. This is a strategic island holding with immediate development potential for a landmark mixed‑use, residential tower, hotel or corporate headquarters. All original title documents are held by the owner and available for inspection.

Key facts

- Location: Off Adeola Odeku, Victoria Island, Lagos
- Land area: 3,338.70 sqm (single consolidated parcel)
- Title: Lagos State Certificate of Occupancy (C of O) --- certified documents available with owner
- Asking price: ₦7,500,000,000 (Seven billion, five hundred million Naira)
- Availability: --- owner available to meet serious, qualified parties within 24 hours

Flexible acquisition & JV options
The owner is open to structured transactions to suit strong developers / investors:

1. Joint Venture (Preferred option)

- Proposal: Open --- owner welcomes credible JV proposals for design, finance and delivery.
- Premium: Refundable premium of ₦2,000,000,000 --- to be paid and refunded to the investor/partner once project construction reaches 50% completion (terms to be captured in HoT/SPA).
- Commercials: Profit share, unit allocation and cost recovery mechanics to be agreed in Heads of Terms.

1. Part‑Purchase with Staged Balance

- Immediate purchase option: Developer pays ₦4,000,000,000 upfront and pays the balance over 10 months --- enabling cashflow flexibility and removing immediate pressure to complete. Full payment schedule and security arrangements to be agreed.

1. Outright Purchase

- Seller will consider a straight purchase at the asking price (₦7.5B) by qualified buyers.

Why this site

- Island prestige: Victoria Island remains Lagos's top tier commercial and residential micro‑market with long‑term capital preservation and strong leasing demand.
- Size & scale: 3,338.70 sqm provides significant development quantum for a premium tower, mixed‑use podium, branded hotel or institutional headquarters.
- Ready documentation: clean Lagos C of O and full title pack held by owner --- accelerates purchaser due diligence and potential financing.
- Speed to deal: owner prepared to meet serious developers within 24 hours for fast negotiation.

Suggested development concepts

- Luxury residential tower / serviced apartments with podium retail
- Landmark mixed‑use development: retail podium, Grade‑A offices and apartments above
- Branded hotel with conferencing and F&B activation
- Corporate campus or multi‑tenant office tower

Due diligence & next steps (recommended)
Qualified parties should expect to complete the following prior to exchange:

- Submit an Expression of Interest (EOI) with company profile, relevant project experience and proof of funds (PoF).
- Execute an NDA to receive the full data‑room (C of O, survey, site photos and any concept materials).
- Conduct on‑site inspection, solicitor title search and technical surveys (topographic, geotechnical, utilities).
- Agree Heads of Terms capturing purchase/JV structure, premium mechanics, escrow arrangements and milestone programme.
- Proceed to formal agreements and mobilisation upon satisfaction of due diligence.

Commercial & legal notes

- The refundable premium mechanic (₦2B) and staged payment option are offered as commercial flex for serious partners; exact legal mechanics, escrow and refund triggers will be set out in the Heads of Terms and SPA.
- Facilitator / agency fees (if any) and professional costs to be agreed and included in the HoT.
- Buyer responsible for legal fees, stamp duty and registration costs unless otherwise agreed.

How to register interest & view
This is a semi‑direct sale. Documents are with the owner and will be released to genuinely qualified parties on receipt of an EOI, proof of funds and a signed NDA. The owner is available to meet within 24 hours for pre‑qualified buyers.

To express interest, request the data room or arrange an immediate meeting, email: [insert owner / facilitator email] or call: [insert phone number]. (Please include proof of funds and brief company profile in your initial approach.)

Confidentiality & qualification
This opportunity is for serious, pre‑qualified developers and institutional investors only. Full documentation and site access will be provided on a confidential basis after qualification.

Disclaimer: All information is provided in good faith and is subject to verification. Final terms, pricing and availability are subject to negotiation and prior sale. Prospective buyers must undertake independent legal, technical and financial due diligence.


Ref: Victoria/Mayowa