Mixed-use land for sale
Oniru, Lagos â Along Rccg City Of David Road, One, Oniru, Victoria Island (VI), Lagos
Super distress urgent sale -- oniru, lagos
700 sqm along rccg city of david road
distress price: ₦1.05 billion ₦1.5 million per sqm
(current market value: ₦2.5 million per sqm -- 40% discount)
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property overview
- location: oniru, lagos -- along rccg city of david road, one of the most sought-after corridors in the oniru micro-market.
- land size: 700 sqm.
- distress price: ₦1,050,000,000 (₦1.5 million per sqm).
- current market value: approx. ₦1,750,000,000 (₦2.5 million per sqm).
- discount: ₦700,000,000 (40% below market).
- title: to be verified (typical for oniru: c of o or governor's consent).
- status: urgent sale -- owner motivated for immediate disposal.
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key highlights
- prime oniru address: city of david road is a prestigious, high-traffic corridor in oniru, close to landmarks like rccg city of david, marwa roundabout, and lagos's upscale commercial and residential hubs.
- exceptional discount: at ₦1.5m/sqm, this is priced 40% below current market value of ₦2.5m/sqm -- a rare entry point into one of lagos's most expensive land markets.
- urgency creates opportunity: distressed pricing reflects seller motivation, not property defect. serious buyers can secure significant instant equity.
- flexible development potential: 700 sqm in this location commands premium residential or mixed-use possibilities.
- strong appreciation trajectory: oniru land has consistently appreciated, with demand from high-net-worth individuals, corporates, and developers.
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market context
- per sqm benchmark: oniru land along city of david road and adjacent streets currently trades between ₦2.2m--₦2.8m/sqm depending on exact location and title strength.
- comparable sales: recent transactions in this micro-location have closed at ₦2.4m--₦2.6m/sqm for c of o--titled parcels.
- discount analysis: at ₦1.5m/sqm, this offering represents a ₦700m--₦770m discount relative to prevailing market rates -- immediate paper profit for the astute buyer.
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️ development potential
700 sqm in this location is suitable for:
- luxury detached mansion: flagship family home with pool and gardens.
- boutique apartment block: 8--12 high-end flats targeting expatriate and corporate tenants.
- mixed-use development: retail/commercial on ground floor + residential above.
- corporate guest house: executive accommodation for multinationals.
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️ due diligence note
given the distressed nature and urgency, buyers must:
1. verify title documents (c of o / governor's consent) independently.
2. conduct physical inspection of the site.
3. engage a lawyer for land registry search and transaction structuring.
4. move quickly -- distressed opportunities at this discount attract multiple interests.
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ideal for: cash-ready investors, developers, and high-net-worth individuals seeking to acquire prime oniru land at a significant discount to market.
a rare 40% discount on 700 sqm in oniru's most desirable corridor -- urgency creates val...
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₦1,050,000,000
Ac Valour International
08036503218