Prime Redevelopment Site ---
2,500 sqm Akin Olugbade (Off Adeola Odeku), Victoria Island ---
Lagos C of O
Executive summary
Exceptional, titled 2,500 sqm parcel on Akin Olugbade, Victoria Island with planning approval for two suspended blocks of eight floors (potential to apply for additional height). Positioned within a high‑value corporate/residential corridor, this site is ideal for a landmark mixed‑use or high‑end residential development. Owner's land valuation: ₦8,000,000,000. Agency fee: 10%.
Quick facts
- Location: Akin Olugbade, Off Adeola Odeku, Victoria Island, Lagos
- Site area: 2,500 sqm
- Title: Lagos Certificate of Occupancy (C of O) --- originals available for verification
- Current approvals: Planning approval for 2 blocks of 8 suspended floors (documentation available) --- potential to seek additional height subject to regulatory approval
- Land value (owner): ₦8,000,000,000 (approx. ₦3,200,000 / sqm)
- Agency fee: 10% (standard)
- Availability: Immediate; viewings by appointment for qualified buyers
Investment highlights
- Prime Victoria Island location with strong demand from corporate tenants, expatriates and premium residential buyers.
- Deliverable development platform with existing approvals significantly reducing pre‑construction lead time.
- Large, regular parcel enabling efficient unit stacking, service cores and amenity placement.
- Excellent corporate/residential marketability given proximity to commercial nodes, embassies and Lagos business districts.
Recommended development concepts
- Two-block luxury residential / serviced apartment scheme with commercial/retail at podium level.
- Mixed‑use development: retail/flagship F&B on lower floors with premium residential floors above.
- Boutique corporate suites or branded serviced residences targeting executives and expatriates.
Documents & due diligence checklist (available / recommended)
- Original Lagos C of O (available for inspection)
- Planning approval documents and stamped drawings for the approved 2×8 suspended floors (available)
- Site survey plan and coordinates --- originals to be provided on request
- Structural/architectural 3D visuals or concept designs (if available)
- Recommended technical checks: geotechnical/soils investigation, topography, drainage and utilities confirmation (power, water, telecom)
- Legal checks: land registry searches, verification of encumbrances and confirmation of rates/tax payments
Developer profile & selection criteria
- Proven delivery of high‑end residential or mixed‑use projects in Victoria Island / Lagos Island / Lekki
- Verifiable track record, proof of funds or construction finance, and credible sales/marketing capability
- Capacity to mobilise quickly to capitalise on the approved planning advantage
Indicative commercial notes
- Owner valuation: ₦8,000,000,000 (negotiation subject to serious and qualified offers)
- Agency fee: 10% of agreed sale value payable per agency terms
Next steps
1. Submit buyer introduction and proof of funds for document access.
2. Execute nda (if required) and receive the full title and approval pack.
3. Arrange site inspection and technical due diligence.
4. Present formal offer; proceed to sale agreement and completion.
Contact
[Insert contact name][Insert phone number] [Insert email]
Legal / disclaimer
Information provided by the owner/agent. Prospective buyers must undertake independent legal, technical and financial due diligence. All terms are subject to contract.
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