Residential land for sale
1,700 SQM Land
Location: Rumens Road, Ikoyi, Lagos Property Type: Land Land Size: 1,700 SQM Price: ₦4.2 Million per SQM Total Asking Price: ₦7.14 Billion Title: Federal C of O Transaction: For Sale Zahari View a substantial 1,700 SQM landholding on Rumens Road, Ikoyi, positioned within one of Lagos' most established and sought-after residential markets. The size, location and title position make this property particularly relevant for developers and investors considering a premium residential development, subject to applicable planning regulations, development approvals and independent due diligence. Rumens Road offers the kind of established Ikoyi setting that continues to attract high-value residential developments and discerning property buyers. For an investor seeking meaningful land within Ikoyi rather than a smaller development parcel, this opportunity provides considerable development scale. Property Highlights 1,700 SQM land Rumens Road, Ikoyi, Lagos Prime Ikoyi residential location Federal C of O Asking price of ₦4.2 Million per SQM Total asking price: ₦7.14 Billion Suitable for premium residential development, subject to approvals Suitable for developers, property investors and high-net-worth buyers Located within an established luxury property market Why This Property Deserves Attention Land in Ikoyi is fundamentally different from simply acquiring a piece of land elsewhere in Lagos. Location, land size, title, planning considerations and the surrounding development profile can significantly influence the viability of a project. At 1,700 SQM, this property offers a substantial footprint for a developer looking to create a high-quality residential scheme. The land size provides room to consider a meaningful development concept rather than being restricted to a very limited site configuration. Its position on Rumens Road places it within the established Ikoyi market, where premium residential properties command significant attention from both local and international buyers. The Federal C of O is also an important documentation point and should form part of the buyer's legal and technical verification process before any transaction is concluded. Development & Investment Perspective For a developer, the key question is not only the asking price of the land but what the site can legally and commercially support. Before committing ₦7.14 Billion, prospective buyers should evaluate the permitted land use, allowable density, building height, setbacks, access, parking requirements, infrastructure, development charges and other applicable planning conditions. A proper feasibility assessment can help determine whether the proposed development can achieve the required return on investment after factoring in land acquisition, construction, professional fees, statutory costs, financing and marketing expenses. For investors, the property's value should also be assessed against comparable land transactions and completed developments within Ikoyi and its surrounding premium residential submarkets. Investor's Note The asking price is ₦4.2 Million per SQM, translating to a total asking price of ₦7.14 Billion for the 1,700 SQM parcel. Serious buyers and developers should conduct independent legal, planning, survey and valuation checks before making financial commitments. Particular attention should be given to: Verification of the Federal C of O Survey and exact site measurements Ownership and title history Land use and permitted development Planning and building regulations Development density and allowable building height Access and infrastructure Applicable government charges Overall project feasibility and projected returns Documentation Federal C of O Documentation is available for verification. Buyers are encouraged to engage their independent legal and property professionals to conduct the necessary searches and due diligence before proceeding. Property Intelligence Beyond the Listing At Zahari Properties, we believe acquiring premium real estate requires more than simply finding an attractive property. The right property decision should consider location, title, development potential, market positioning and long-term value. Whether you are looking for land for your next development, an investment opportunity in Ikoyi, or a strategic landholding within Lagos' premium residential market, our team can help you assess the opportunity and navigate the verification process. Asking Price ₦7.14 Billion ₦4.2 Million per SQM For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information, pricing, availability and documentation are subject to confirmation and verification. Prospective buyers should conduct independent legal, planning, survey and financial due diligence before committing to the transaction.
