3700 Square Meter Premium And Strategic Land For Development
It may now be rented/sold, under offer or temporarily withdrawn from the market.
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Property Description
For the Ikoyi JV,
1. The property currently features a design for 15 stories mixed-used development which has been approved by the Lagos State Government. However, we understand that Kingsway Road(Alfred Rewane) Ikoyi now has a zoning permit for the construction of up to 30 floors. We believe more floors would give economies of scale for the property and should be explored.
2. Additionally, apart from the Land itself, the owner has settled all Lagos State Government Fees for building approvals.
3. The piling process has been completed and the owner has paid all Professional consultants' fees for Structures, Architectural design, QS, M and E, as well as Project Management. The fee for Regularization has also been paid and in the owners possession are both FGN and LASG Certificates of Occupancy.
The owner does not intend to contribute further funds to the project unless absolutely necessary. The owner has also advised that he would expect credits for equity on the Land's current value in addition to the aforementioned expenses captured above, plus goodwill. The land owner remains open to flexibility and is enthusiastic about establishing a mutually beneficial partnership.
Property Details
| Property Ref: 2044125 | Last Updated: 22 Apr 2024 | Market Status: Not Available |
| Type: Mixed-use Land | Total Area: 3,700 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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