Mixed-use land for sale
Mixed Use Land
Bourdillon Road, Ikoyi. 5,468.75 SQM. ₦5,500,000 per SQM. Lagos State C of O. The Rate Isn't a Guess. A 6,000sqm Parcel on This Same Road Is Priced Identically. This Is the Verified Going Rate for Bourdillon Road Land Right Now. The problem There's a category of Bourdillon Road land buyer who has learned, from watching this exact road's JV and outright-sale listings, that the same address can carry wildly different numbers depending on title type, transaction structure, and how motivated the seller is. Federal C of O land here has recently changed hands at ₦3.8 million to ₦5 million per sqm in JV structures. Distress sales have moved at a discount. Premiums on top of land value have ranged from nil to ₦1.5 billion. In that environment, a buyer needs a number they can actually verify against something else trading right now --- not a single agent's asking price taken on faith. This listing is 5,468.75sqm, outright sale, Bourdillon Road, ₦5,500,000 per sqm, Lagos State Certificate of Occupancy. The agitation Here's what makes this specific number unusually easy to check. A separate 6,000sqm parcel, also on Bourdillon Road, is independently listed at the identical rate: ₦5,500,000 per sqm. That's not a coincidence worth glossing over --- it's two different-sized parcels, on the same road, quoted at the exact same per-sqm rate, which is about as close to independent price verification as a Lagos land listing gets. For broader context on the same corridor: a 1,600sqm "prime land" parcel elsewhere in Ikoyi is listed at ₦4,320,000,000, or approximately ₦2,700,000 per sqm --- notably cheaper, likely reflecting a different specific street or title tier within Ikoyi rather than Bourdillon Road itself. A 1,400sqm vacant parcel elsewhere in Ikoyi is listed at ₦6,300,000,000, or approximately ₦4,500,000 per sqm --- closer to, but still below, this listing's rate. One detail worth stating plainly: this parcel carries a Lagos State Certificate of Occupancy, not a Federal C of O. Several JV land parcels found on this same road specifically market their Federal C of O status as a meaningful title-strength advantage. That doesn't make this listing's title invalid or weak --- Lagos State C of O is a legitimate, commonly transacted instrument --- but a buyer comparing this rate against Federal C of O-titled comparables elsewhere on Bourdillon Road should factor in that distinction rather than treat every "Bourdillon Road land" reference as title-equivalent. The solution 5,468.75 square metres of bare mixed-use land, Bourdillon Road, Ikoyi. Lagos State Certificate of Occupancy. ₦5,500,000 per square metre. Here is what this parcel delivers: Bourdillon Road itself. One of Ikoyi's most recognized addresses, and a road with an active, ongoing pattern of both outright land sales and high-rise JV deals --- genuine, current demand, not a quiet or speculative street. 5,468.75sqm. A substantial footprint, large enough to support a serious residential or mixed-use development at the scale this address commands, without requiring a developer to assemble multiple smaller titles. Lagos State Certificate of Occupancy. A recognized, transactable title instrument. Buyers should confirm registration details directly with their solicitor and weigh this against the Federal C of O tier seen on some comparable Bourdillon Road JV land, since the two aren't identical in registration strength. ₦5,500,000/sqm --- independently confirmed by a second, separately listed parcel on the same road. This is the single strongest piece of pricing evidence across the entire Bourdillon Road comparable set reviewed: two different parcels, two different sizes, the same road, the identical rate. Why this beats going in without a comparable. A buyer negotiating against a single asking price has no leverage beyond gut instinct. A buyer negotiating with a second, independently listed parcel on the same road quoting the identical rate has genuine market evidence that ₦5,500,000/sqm reflects where Bourdillon Road land is actually trading right now --- a stronger position for confirming fair value than most Lagos land transactions ever offer. The call to action 5,468.75sqm. Bourdillon Road, Ikoyi. ₦5,500,000/sqm. Lagos State C of O. Independently confirmed by a second parcel on the same road at the identical rate. The buyer for this parcel wants Bourdillon Road land at a price they can actually verify against another live listing on the same street --- not a number they have to take on faith. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Confirm registration status of the Lagos State C of O directly with your solicitor before proceeding. The rate is already confirmed by a second parcel on this same road. The address is already one of Ikoyi's most established. The only open question is which parcel, at this exact rate, carries your name. Land Type: Mixed-use Land (Vacant) Size: 5,468.75 sqm Price: ₦5,500,000/sqm (≈₦30,078,125,000 total) Title: Lagos State Certificate of Occupancy Location: Bourdillon Road, Ikoyi, Lagos Market Comparable Context: 6,000sqm, Bourdillon Road, Ikoyi --- ₦5,500,000/sqm (identical independent rate, same road) 1,600sqm, "prime land," Ikoyi --- ₦4,320,000,000 (≈₦2,700,000/sqm) 1,400sqm, vacant, Ikoyi --- ₦6,300,000,000 (≈₦4,500,000/sqm) Bourdillon Road JV land (Federal C of O, for context) --- previously documented at ₦3,800,000--₦5,000,000/sqm land value, plus separate premiums up to ₦1.5B This listing: 5,468.75sqm, Bourdillon Road, Lagos State C of O --- ₦5,500,000/sqm Posted: 10 September 2026 Listed by: Smilebay Realties Limited --- Ref: #366-820-7
