2,350 Sqm Bishop Oluwole Street, Victoria Island, Lagos
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Property Description
JOINT VENTURE PROPOSAL -- BISHOLUWOLE STREET, VICTORIA ISLAND
(Opposite Eko Atlantic)
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PROPERTY OVERVIEW
- Location: Bishop Oluwole Street, Victoria Island, Lagos
- For Joint Venture: 2,350 SQM
- Title: Certificate of Occupancy (C of O)
- Land Value: ₦2.593 Billion
- JV Structure: 50/50 Profit Sharing
- Facilitator's Fee: 10% of land value (₦480M) -- payable by landowner upon closing
- Premium: None
- Status: 100% Closeable Title Verified Ready for Development
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️ DEVELOPMENT PROPOSAL
- Project Type: Mixed-use residential (Flats & Maisonettes)
- Target Units: High-end residential suites aimed at executives, expatriates & investors
- Design: Modern architecture, premium finishes, secure parking, 24/7 amenities
- Market: Victoria Island/Eko Atlantic corridor demand is strong and growing
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FINANCIAL STRUCTURE
- Land Value in JV: Proportional share of ₦4.8B for 2,350 SQM
- Landowner Contribution: Land with C of O
- Developer Contribution: Full construction financing, project management, marketing & sales
- Profit Share: 50/50 after cost recovery
- Facilitator's Fee: 10% of total land value (borne by landowner)
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KEY ADVANTAGES
- Eko Atlantic Facing -- Unmatched prestige and future value
- No Premium -- Clean 50/50 deal
- Title Secure -- C of O in hand
- Immediate Start -- No encumbrances; design & permits can commence
- Closable -- All parties are ready and documents are in order
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SEEKING: ESTABLISHED DEVELOPER
- With proven experience in high-end residential projects in Lagos
- Strong financial capacity to fund construction
- Ability to move from agreement to site within 30--60 days
- Portfolio in VI, Ikoyi, or Lekki preferred
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NEXT STEPS FOR INTERESTED PARTIES
1. Submit company profile & project portfolio
2. Site inspection & document review
3. Preliminary design & feasibility discussion
4. JV term sheet negotiation
This is a prime, ready, and structured JV in one of VI's most strategic locations.
Only credible and capable developers will be considered.
Reply to engage.
Property Details
| Property Ref: 3245193 | Last Updated: 10 Dec 2025 | Market Status: Available |
| Type: Land | Total Area: 2,350 sqm |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
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