There are 438 land for sale and rent in Victoria Island (VI) as of 14 Aug 2026, with an average price of ₦5.5B. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.
Stunning Waterfront land available for sale in Oniru Victoria Island. Suitable for all purposes Residential developments Showroom Commercial hub Sky scraper development Etc etc Plot sizes available 1500sqm 2500sqm 3500sqm 5,000sqm 8,500sqm 15,000sqm 10,000sqm 17,000sqm Agency fee: To be discussed. Title: Governors Consent Price: N1.68m per sqm net
Joint venture Location close to eko atlantic, victoria island, lagos. Land size 22,764SQM Land value #45billion Title C of O Proposal open. Sharing ratio Tbd Facilitators' fee 10% of land value plus 10 units of apartments. Note:- *survey will BE released after inspection with the client Sk
Victoria Island (VI), Lagos
2000 Parking
22764 sqm
Best Grand Masters Realty
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₦9,000,000,000
Mixed-use land for sale
2800SQM Prime Land
Prime land for sale on ahmadu bello way VI An investment opportunity on one of Lagos' most prestigious commercial corridors. Location: Ahmadu Bello Way, Victoria Island, Lagos Land Size: 2,800 Sqm Title: C of O Status: Existing functioning office spaces measuring approximately 1900 sqm lettable space. Selling Price: ₦9BN Call Vera 08025582033 Email: [email protected][email protected] Rc: 9560188
Ahmadu Bello Way, Victoria Island (VI), Lagos
Vinshome Realty
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₦13,000,000,000
Mixed-use land for sale
6, 500.849SQM Land Can Be Sold as a Whole or Subdivided
* For the discerning investor looking for scale + location Location: Off Akin Adesola, Victoria Island Size: 6,500.849 sqm note: Prime 6,500.849sqm land available for sale. Can be sold as a whole or subdivided into 2 equal parcels of 3,028sqm each, with 444.849sqm dedicated to central access/driveway for ease of movement. Title documents available. Description: Land with existing structures. Perfect for luxury residential, commercial tower, or mixed-use development Title: FG C of O 74 years unexpired Clean & bankable Price: ₦2M per sqm Total: ₦13B ___net___ *_________________ *yink
Off Akin Adesola, Victoria Island (VI), Lagos
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₦5,800,000,000
Mixed-use land for sale
1, 865SQM of Land
For sale Commercial parcel of bare land Outright sale 1,865SQM on ademola adetokunbo in victoria island lagos Location: Situated directly along Ademola adetokunboh street Victoria Island Lagos Title: governors consent & Deed of assignment Price: ₦5.8billion Cc: Ima
Ademola Adetokunbo, Victoria Island (VI), Lagos
1865 sqm
Siri Estate Plus
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₦4,000,000,000
Mixed-use land for sale
Land for Mixed-Use Development
Prime Property for Sale @ oniru V.I a strategically located property standing on approx. 2,300 sqm land Location: Oniru, Victoria Island, Lagos. Accom. Details - a duplex of 5 Bedrooms with BQ - Penthouse Apartment - 2 Blocks of Flats comprising: -- 8 Units of 3-Bedroom Flats with BQ -- 6 Units of Mini flats Facilities - Dedicated Transformer - Generator House - Swimming Pool - Gym House - Ample parking space Title: Certificate of Occupancy (C of O) Price: ₦3.5 Billion
Oniru, Victoria Island (VI), Lagos
2400 sqm
Netton Real Estate
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₦16,000,000,000
Mixed-use land for sale
11, 000SQM of Land in a Good Location
Adamas
Saka Tinubu, Victoria Island (VI), Lagos
Crown Property Global Consultant
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₦3,000,000per sq.m
Mixed-use land for sale
7, 000SQM Land
-- Victoria ISLAND's rarest deal * 7,000sqm (plus parking space setback)on Lagos' most prestigious street, Ligali Ayorinde. Title: Lagos State C of O Zero drama. ₦3M/sqm asking *Serious buyers only For inspection Annual
Most Prestigious Street, Ligali Ayorinde., Victoria Island (VI), Lagos
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₦9,000,000,000
Mixed-use land for sale
4000SQM Cornerpiece Land
Cornerpiece measuring 4000sqm Location: Kofo Abayomi/ Musa Yaradua, Victoria Island Title: Lagos State C of O Price: 9B net Dirfil
Kofo Abayomi/ Musa Yaradua, Victoria Island (VI), Lagos
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₦3,500,000,000
Mixed-use land for sale
1500SQM Land with a Structure in It
For Sale in Vi Land size measuring 1500Sqm with a structure in it at the heart of Vi Lagos - Location: Off Saka Jojo Street, Victoria Island, Lagos - Size: 1500 square meters - Price: N3.5billion Naira This property offers a prime location and ample space for development. Eng
Off Saka Jojo Street, Victoria Island (VI), Lagos
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$12,500,000
Mixed-use land for sale
8, 000SQM Waterfront Land
Waterfront: fenced and gated bareland along Ozumba Mbadiwe, VictoriaIsland 16,000 Sqm for sale direct brief Waterfront: fenced and gated bareland along Ozumba Mbadiwe, VictoriaIsland 16,000 Sqm with approval to reclaim an additional 3500 Sqm. $25m Half (8,000sqm) can be considered $12.5m Title: Fed & state C of O. Ubo whtssey
Ozumba Mbadiwe, Victoria Island (VI), Lagos
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₦16,000,000,000
Mixed-use land for sale
11, 000 SQM ∼2.7 Acres Title:c of O Verified & Clean
Just in for - mega plot 11,000 SQM in the heart of victoria island - lagos !!! Location: Off Bishop Oluwole Street, Victoria Island Lans Size: 11,000 sqm ∼2.7 Acres Title: C of O Verified & Clean Price: N16Billion N1.45M/sqm Why This Is Trophy Land ? - Scale: 11,000sqm is rare in VI. - Perfect for estate, luxury towers, mall, or HQ campus. - Location: Bishop Oluwole corridor = blue-chip VI. 2 mins to Eko Hotel, Akin Adesola. - C of O: Clean title on massive plot removes 90% of VI land risk. - Price/SQM:!At N1.45M/sqm, this is wholesale VI pricing vs N2.5M/sqm retail plots. Terms: Direct mandate. Serious buyers only. Inspection + owner meeting strictly by pof N16BN + company profile. Why N1.45M/sqm makes sense: Plot comps: 1,500sqm plots around Bishop Oluwole trade N2.3M-N2.6M/sqm. Bulk discount applies at 11,000sqm. At N1.45M, developer can build, sell, and still do 35%+ margin. Inup
Off Bishop Oluwole Street, Victoria Island (VI), Lagos
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₦5,100,000,000
Mixed-use land for sale
1, 865 SQM Landed Property
Land for Sale -- Victoria Island, Lagos 1,865 sqm along Ademola Adetokunbo Street, directly opposite Eko Hotel Title: Governor's Consent, Deed of Assignment registered Price: ₦5.2 Billion (Asking) Bol
Ademola Adetokunbo Street, Victoria Island (VI), Lagos
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₦13,000,000,000
Mixed-use land for sale
6500SQM with Existing Structures. Suitable for Luxury Residential
Land Measuring 6500sqm with existing structures. Suitable for luxury residential, commercial tower, or mixed-use development. Located off Akin Adesola @the Middle of Victoria Island. Price: ₦2M / sqm Total: ₦13B negotiable Stev
Off Akin Adesola, Victoria Island (VI), Lagos
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₦1,300,000per sq.m
Mixed-use land for sale
Land 6, 835M2
Land for sale in victoria island annex Fenced land measuring approximately 6,835m2. Location: Water Corporation Road, Victoria Island, Lagos. Price: N1.3m per sqm Ownerjuic
Walter Carrington, Victoria Island (VI), Lagos
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₦3,000,000per sq.m
Mixed-use land for sale
16, 560 Prime Mixed Use Land
Ahmadu Bello Way, Opposite Eko Atlantic City's Gate. Victoria Island. 16,560 SQM. ₦3,000,000 per SQM. ₦49,680,000,000 Total. Vacant Land. Institutional Scale. This Is Not a Plot. This Is a Master-Planned District's Worth of Frontage. The problem There is a category of Lagos land transaction that exists on a different scale entirely from almost everything else on the market --- parcels large enough to anchor a genuinely institutional development: a mixed-use district, a landmark tower complex, a master-planned scheme with its own internal roads and phasing. That scale of land does not appear often on Ahmadu Bello Way, or anywhere else on Victoria Island. Most listings on this corridor --- even the "large" ones --- top out at 2,000 to 5,000sqm, enough for a single building, not a district. A parcel at 16,560sqm, on a primary VI road, opposite the entrance to Eko Atlantic City itself, is the kind of holding that gets absorbed by a sovereign fund, a major reit, or a developer with a master-plan mandate --- not assembled piecemeal from smaller plots. This listing is that parcel. 16,560sqm, vacant, Ahmadu Bello Way, opposite Eko Atlantic's gate, ₦3,000,000/sqm. The agitation Here's what makes the pricing on this specific corridor unusually easy to verify. A smaller 5,000sqm parcel, also vacant, also on Ahmadu Bello Way, opposite the same Eko Atlantic gate, is separately listed at the identical rate --- ₦3,000,000/sqm. A 2,800sqm parcel further along the same road, with an existing office structure and Federal C of O, trades at roughly ₦3,214,000/sqm --- a premium explained entirely by the improved structure, not the land value. A 2,500sqm fenced bareland comparable elsewhere on VI sits lower, at ₦2,500,000/sqm, reflecting its distance from this specific corridor. Adjacent Adeola Odeku commercial land trades at ₦3,200,000/sqm. What this tells a serious buyer is that ₦3,000,000/sqm is not a negotiable asking price invented for this listing --- it's the consistent, verified going rate for vacant Ahmadu Bello Way land opposite Eko Atlantic, repeated across at least two independently listed parcels of different sizes. At 16,560sqm, this listing simply applies that same rate at more than three times the scale of the next-largest comparable on the same road --- the difference being that a buyer here isn't hunting for a second or third contiguous parcel to reach development scale. It's already assembled. The solution 16,560 square metres of vacant land, Ahmadu Bello Way, opposite Eko Atlantic City's gate, Victoria Island. ₦3,000,000 per square metre. ₦49,680,000,000 total. Here is what this parcel delivers: Institutional scale, pre-assembled. At over three times the size of the next comparable vacant parcel on the same road, this land removes the single hardest problem in large-scale Lagos development --- assembling multiple adjacent titles from different sellers into one contiguous, buildable holding. It's already one parcel. Ahmadu Bello Way, opposite Eko Atlantic's gate. The exact corridor identified across this entire series as the handoff point between VI's established commercial core and Eko Atlantic's appreciating coastal district --- benefiting from both the established road's existing infrastructure and the adjacent district's forward momentum. Verified, consistent pricing. ₦3,000,000/sqm matches the independently listed 5,000sqm parcel on the same exact road and gate frontage --- this isn't a one-off asking price, it's the corridor's going rate, applied at scale. Vacant land --- a clean development canvas. No existing structure to demolish, no tenant to wait out, no partial-use complication. A master-plan development can be phased from the ground up exactly as designed. Why this beats the alternatives on the table. Assembling 16,560sqm from smaller Ahmadu Bello Way parcels would mean negotiating with multiple sellers, at prices that could easily exceed ₦3,000,000/sqm once each individual owner recognizes what a buyer is trying to build. This parcel delivers the same scale, at the same verified per-sqm rate as the smaller comparable, from a single seller, in a single transaction. The call to action 16,560sqm. Ahmadu Bello Way, opposite Eko Atlantic's gate. ₦3,000,000/sqm. ₦49,680,000,000 total. Vacant. The buyer for this parcel is a sovereign fund, reit, or major developer with a master-plan mandate --- not a buyer assembling scale one plot at a time. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious institutional inquiries only. The rate is already verified against a comparable parcel on the same road. The scale is already assembled, not scattered across multiple sellers. The only variable left is which fund or developer puts their master plan on it first. Land Type: Mixed-use Land (Vacant) Size: 16,560 sqm Price: ₦3,000,000/sqm --- ₦49,680,000,000 total Location: Ahmadu Bello Way, opposite Eko Atlantic City gate, Victoria Island (VI), Lagos NPC Comparable Context: 5,000sqm, Ahmadu Bello Way, opposite Eko Atlantic gate, vacant --- ₦3,000,000/sqm (identical rate, smaller scale) 2,800sqm, Ahmadu Bello Way, Federal C of O, existing structure --- ≈₦3,214,000/sqm This listing: 16,560sqm, Ahmadu Bello Way --- ₦3,000,000/sqm, ₦49,680,000,000 total Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-098-3
Ahmadu Bello Way, Victoria Island (VI), Lagos
16560 sqm
Smilebay Realties Limited
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₦3,500,000,000
Mixed-use land for sale
Prime Land Measuring 1, 150SQMS with an Old Detached House
Prime Land Measuring 1,150sqms with an Old Detached House Available For Sale. Price Listing: 3.5 Billion Naira Land Size: 1 ,150Sqms Location: Victoria Island, Lagos. For Further Enquiries and Inspection Bookings, kindly Contact Aruofeg Enterprise: 08074577210 or 08057989376
Victoria Island (VI), Lagos
1150 sqm
Aruofeg Enterprise
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₦3,000,000,000per plot
Mixed-use land for sale
Prime Mixed Use Land
Samuel Manuwa Street, Victoria Island. 1,470 SQM. ₦3,000,000,000. Certificate of Occupancy. Demolishable Structure Already On Site. This Street Already Has the Comparable Sale. This Is the Better-Priced Twin. The problem There is a category of Victoria Island land that trades quietly and repeatedly on the same street, at nearly identical sizes, without most buyers ever comparing the two side by side. Samuel Manuwa Street is exactly that kind of corridor --- established, residential-and-mixed-use, off Ozumba Mbadiwe, and currently home to more than one 1,470sqm parcel changing hands within months of each other. A serious buyer evaluating land here isn't forming a first impression. They're choosing between two or three nearly identical options, and the difference between them usually comes down to one thing: is the land actually available to build on now, or is someone else's tenancy standing in the way. This listing is 1,470sqm, Samuel Manuwa Street, a demolishable structure already on site, C of O, ₦3,000,000,000. the agitation Here is exactly what else is trading on this same street right now. A separate 1,470sqm parcel on Samuel Manuwa Street, also carrying a demolishable structure --- a 3-bedroom duplex, a 3-bedroom flat, a 2-bedroom flat, a 1-bedroom flat, and boys' quarters --- is listed at ₦2,900,000,000. But that parcel is tenanted until August 2026, meaning a buyer isn't getting immediate access to clear and rebuild; they're inheriting a tenancy first. A separate 1,470sqm built-out parcel at Plot 883 on the same street, with an existing wing of duplex and flats, is priced at ₦2,700,000/sqm --- roughly ₦3,969,000,000 --- reflecting the value of a more developed existing structure. On the nearby Bishop Oluwole corridor, a 2,049sqm C of O parcel is trading at approximately ₦2,196,000/sqm. This listing --- 1,470sqm at ₦3,000,000,000, or roughly ₦2,041,000/sqm --- is priced above the tenanted comparable's per-sqm rate, reflecting a demolishable structure without the tenancy encumbrance holding up construction until 2026. It's priced below both the built-out Plot 883 comparable and the Bishop Oluwole benchmark. For a buyer trying to move on a development timeline sooner rather than later, that combination --- no tenant to wait out, priced below the corridor's upper tier --- is the actual advantage here, not just the headline total. The solution 1,470 square metres of land, Samuel Manuwa Street, Victoria Island. Certificate of Occupancy. A demolishable structure currently on site. ₦3,000,000,000 total. Here is what this parcel delivers: Samuel Manuwa Street, off Ozumba Mbadiwe. An established VI residential-and-mixed-use corridor with multiple recent comparable trades, giving a buyer real, current pricing reference points rather than a single seller's asking price to take on faith. Demolishable structure, no tenancy attached. Unlike the nearest comparable on the same street --- tenanted until August 2026 --- this parcel isn't holding a buyer's construction timeline hostage to someone else's lease. Clear the structure, and build. Certificate of Occupancy. A recognized title instrument, ready for solicitor review. 1,470sqm. A footprint consistent with what's already trading and being redeveloped on this exact street --- proven scale for a residential or mixed-use project. ₦3,000,000,000 --- priced against real, current comparables on the same street. Above the tenanted parcel's per-sqm rate (which reflects its tenancy discount), below the built-out Plot 883 comparable, and below the nearby Bishop Oluwole benchmark. Why this beats the alternatives on the table. The tenanted twin listing on the same street costs slightly less in total, but a buyer there is purchasing a 2026 start date, not a 2026 asset. The built-out Plot 883 comparable costs meaningfully more for existing structures a redevelopment buyer intends to demolish anyway. This is the parcel priced for someone who wants to start now, not later. The call to action 1,470sqm. Samuel Manuwa Street, Victoria Island. ₦3,000,000,000. C of O. Demolishable structure on site. The buyer for this parcel is a developer or investor already comparing it against the tenanted twin listing two doors down --- and choosing the one they can actually start building on immediately. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious inquiries only. The comparable sale on this street is already tenanted until next year. This one isn't waiting on anyone's lease to expire. The only thing left undecided is whose name goes on the C of O. Land Type: Mixed-use Land (with demolishable existing structure) Size: 1,470 sqm Price: ₦3,000,000,000 total (≈₦2,041,000/sqm) Title: Certificate of Occupancy Location: Samuel Manuwa Street, Victoria Island (VI), Lagos NPC Comparable Context: 1,470sqm, Samuel Manuwa St, demolishable structure, tenanted until Aug 2026 --- ₦2,900,000,000 (≈₦1,973,000/sqm) 1,470sqm, Plot 883 Samuel Manuwa St, built-out wing of duplex + flats --- ₦2,700,000/sqm (≈₦3,969,000,000) 2,049sqm, Bishop Oluwole St (nearby corridor), C of O --- ₦4,500,000,000 (≈₦2,196,000/sqm) This listing: 1,470sqm, Samuel Manuwa St --- ₦3,000,000,000 (≈₦2,041,000/sqm) Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-060-3
Samuel Manuwa Street, Victoria Island (VI), Lagos
1470 sqm
Smilebay Realties Limited
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₦3,500,000,000per plot
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Prime Mixed Use Land
Off Saka Tinubu Street, Victoria Island. 1,012 SQM. A Fully Built, Fully Functional Office Building. ₦3,500,000,000. Certificate of Occupancy. Vacant Possession --- Available Immediately. No Tenant to Wait Out. No Building to Construct. Just Move Your Company In. The problem There is a category of Victoria Island commercial property that almost never comes clean --- a building already constructed, already functional, with no sitting tenant's lease to inherit or negotiate around before you can use it yourself. Most "commercial property for sale" listings on this corridor come with strings attached: a tenant with years left on their lease, income you inherit but occupancy you don't get, or a structure that needs renovation before it's usable. A company looking to relocate its headquarters, or an investor looking for a genuinely turnkey asset, has to search past all of that. This listing is the exception. 1,012sqm off Saka Tinubu Street, a well-built and fully functional office building, C of O, vacant and available for immediate possession. The agitation Here's what's actually trading on and around Saka Tinubu Street right now, and why "vacant possession" is worth more than it sounds. A 1,700sqm parcel on Saka Tinubu Street, also with an existing building and C of O, is listed at ₦2,500,000,000 --- but comes with a tenant already in place and 3.5 years left on their lease. The buyer inherits rental income, but not the building itself, until that lease runs out or is renegotiated. A 1,500sqm commercial property on the same street, currently occupied by a bank, is listed at ₦2,700,000,000 --- same story, income now, occupancy later. This listing --- 1,012sqm, ₦3,500,000,000, working out to roughly ₦3,458,000/sqm --- is priced meaningfully higher per sqm than either of those tenanted comparables. That premium isn't a markup. It's the value of immediate occupancy. A company that needs to move its headquarters in this quarter, not in three and a half years, isn't comparing this listing to the tenanted ones on price alone --- they're comparing the entire timeline to occupancy, and this is the only option on the street where that timeline is zero. The solution 1,012 square metres, off Saka Tinubu Street, Victoria Island. A well-built, fully functional office building. Certificate of Occupancy. Vacant possession, available immediately. ₦3,500,000,000. Here is what this specific asset delivers: Vacant possession, immediately. No tenant to wait out, no lease renegotiation, no interim rental income to manage while you wait for the building to become usable. From the day this deal closes, the building is yours to occupy or lease on your own terms. A fully functional commercial facility, not a shell. This isn't land requiring construction or a structure requiring renovation before use. It's ready. Off Saka Tinubu Street --- a serene, easily accessible commercial enclave. Saka Tinubu is an established VI commercial street, adjacent to the same corridor carrying major office towers and financial institutions, while positioned in what this specific listing describes as a quieter, more accessible pocket off the main road. Certificate of Occupancy. A recognized title instrument, ready for solicitor review. Why this beats the alternatives on the table. The tenanted comparables on the same street cost less per sqm, but a buyer there isn't actually getting a building to use --- they're getting a rental income stream and a multi-year wait. For any company or investor whose actual objective is occupancy --- a headquarters, a leasable asset they can market immediately --- this is the only genuinely available option on the street today. The call to action 1,012sqm. Off Saka Tinubu Street, Victoria Island. ₦3,500,000,000. Fully functional office building. C of O. Vacant possession, immediate. The buyer for this asset is a company or investor who needs occupancy now, not a rental income stream with a multi-year wait attached to it. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Inspection strictly by 24 hours' notice. Serious inquiries only. The building is already standing. The tenant clause that ties up every other listing on this street isn't attached to this one. The only thing left is the date you want to move in. Property Type: Commercial Office Building (Vacant Possession) Size: 1,012 sqm Price: ₦3,500,000,000 total (≈₦3,458,000/sqm) Title: Certificate of Occupancy Status: Vacant, available for immediate possession Location: Off Saka Tinubu Street, Victoria Island (VI), Lagos Inspection: Strictly by 24 hours' notice NPC Comparable Context (Saka Tinubu Street): 1,700sqm, Saka Tinubu St, existing building, tenant in place (3.5 yrs remaining), C of O --- ₦2,500,000,000 (≈₦1,471,000/sqm) 1,500sqm, Saka Tinubu St, bank-occupied commercial property, C of O --- ₦2,700,000,000 (≈₦1,800,000/sqm) This listing: 1,012sqm, off Saka Tinubu St, vacant possession --- ₦3,500,000,000 (≈₦3,458,000/sqm) Posted: 1 August 2026 Listed by: Smilebay Realties Limited --- Ref: #360-059-6
Off Saka Tinubu, Victoria Island (VI), Lagos
1012 sqm
Smilebay Realties Limited
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₦3,400,000,000per plot
Mixed-use land for sale
Prime Mixed Use Land
There is a category of Victoria Island land that almost never makes it to a clean listing --- a parcel on a genuinely prime street, with a title clean enough to act on immediately, and an existing structure already positioned for demolition rather than requiring the buyer to negotiate a tenant or occupant off the land first. Ajose Adeogun Street is not a developing corridor. It's an established one --- the same street as Zenith Bank's headquarters, inside VI's core commercial and residential belt. Land here doesn't sit unsold for long, and when it does trade, the pricing tells a very specific story about title strength, structure status, and exact position on the street. This listing is 1,150sqm, off Ajose Adeogun, behind Zenith Bank HQ. C of O with over 60 years remaining. A demolishable structure already on the land --- meaning a buyer isn't negotiating a tenant out or waiting on a vacant possession date. It's ready to clear and build. The agitation Here is what's actually trading on this exact street right now. A near-identical parcel --- 1,150sqm, also off Ajose Adeogun, also behind Zenith Bank HQ, also with an old detached structure on it and a C of O --- is listed at ₦3,500,000,000, or roughly ₦3,043,000/sqm. A 1,125sqm parcel on the same corridor, C of O, positioned for office, hotel, or restaurant conversion, is priced at ₦3,100,000,000 net --- approximately ₦2,756,000/sqm. Bare land without any structure on the same street --- 1,018sqm, C of O --- trades lower, around ₦1,850,000,000, or ₦1,817,000/sqm, reflecting the absence of an existing structure to demolish and clear. This listing --- 1,150sqm, ₦3,400,000,000, working out to approximately ₦2,957,000/sqm --- sits just below the near-identical comparable on the same street, and above the bare-land and conversion-tier comparables. That positioning makes sense: this parcel carries the same structure-and-title profile as its closest twin listing, at a marginally more competitive price per sqm. The takeaway for a serious buyer: there are effectively two nearly identical parcels on this exact stretch of Ajose Adeogun right now, priced within 3% of each other on a per-sqm basis. Whichever closes first sets where the next one trades. The solution 1,150 square metres of land, off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. Certificate of Occupancy, over 60 years remaining. A demolishable structure currently on site. ₦3,400,000,000 total. Here is what this parcel delivers: Off Ajose Adeogun, behind Zenith Bank HQ. A specific, verifiable address inside one of VI's most established corridors --- not a generic "VI" listing without a named street. Being on the same stretch as a major bank headquarters signals the commercial credibility of this exact block. Certificate of Occupancy, over 60 years remaining. A long-dated, recognized title instrument, ready for solicitor review without the complication of a soon-to-expire lease term or an ambiguous title horizon. Demolishable structure already on site. This is a meaningful practical advantage over pure bare land --- there's no need to negotiate a sitting tenant or wait on a vacant possession date. The path from purchase to ground-breaking is shorter. 1,150sqm. A footprint sized for a serious residential or mixed-use redevelopment on a corner or mid-block position within VI's core, consistent with what's already trading on the same street. ₦3,400,000,000 --- priced against real, current comparables on the same block. Below the ₦3,500,000,000 near-identical twin listing on the same street, and above the bare-land and conversion-tier comparables --- the correct position for a parcel with both structure and long-dated title. Why this beats the alternative on the table. The near-identical 1,150sqm parcel listed at ₦3,500,000,000 on the same street offers no meaningful advantage over this one --- same size, same structure status, same corridor --- at a higher price. Bare land on the same street costs less, but requires the buyer to absorb clearance costs this listing already accounts for through its priced-in demolishable structure. The call to action 1,150sqm. Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. ₦3,400,000,000. C of O, over 60 years. Demolishable structure on site. The buyer for this parcel is a developer or investor already comparing it, sqm for sqm, against the near-identical listing two doors down --- and this is the better-priced of the two. Call or WhatsApp Smilebay Realties: +234 901 517 4801. Title documentation available for immediate solicitor review. Serious inquiries only. The street already has Zenith Bank's name on it. The structure is already demolishable, not occupied. The only thing left undecided is whose name goes on the C of O next. Land Type: Mixed-use Land (with demolishable existing structure) Size: 1,150 sqm Price: ₦3,400,000,000 total (≈₦2,957,000/sqm) Title: Certificate of Occupancy --- over 60 years remaining Location: Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island (VI), Lagos NPC Comparable Context: 1,150sqm, off Ajose Adeogun, demolishable structure, C of O --- ₦3,500,000,000 (≈₦3,043,000/sqm) 1,125sqm, Ajose Adeogun corridor, C of O, office/hotel-convertible --- ₦3,100,000,000 net (≈₦2,756,000/sqm) 1,018sqm bare land, Ajose Adeogun, C of O --- ₦1,850,000,000 (≈₦1,817,000/sqm) This listing: 1,150sqm, off Ajose Adeogun --- ₦3,400,000,000 total (≈₦2,957,000/sqm)
Ajose Adeogun, Victoria Island (VI), Lagos
1150 sqm
Smilebay Realties Limited
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₦9,000,000,000
Mixed-use land joint venture
3, 000 SQM or 6, 000 SQM in a Good Location
Victoria island hot joint venture 3,000sqm or 6,000sqm available for Joint venture development of high rise blocks of flats The Project - For 3,000sqm: 2-blocks of flats minimum 10floors each. - For 6,000sqm: 4-blocks of flats minimum 10floors each. Title- CofO Land Value: ₦3m per sqm Premium: ₦200m for each 3,000sqm Facilitators fee: 10%
Akin Ogunlewe, Victoria Island (VI), Lagos
6000 sqm
5050properties
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Area Guide
About Victoria Island (VI), Lagos
Victoria Island (VI) is an affluent area that encompasses a former island of the same name that sits between Lagos Island and the Lekki Peninsula in the Lagos Lagoon. It is the main business and financial centre of Lagos in Lagos State, Nigeria. Victoria Island is one of the most exclusive and expensive areas to live in Nigeria. The town and island lie within the boundaries of the Eti-Osa LGA.
Originally designated an upscale residential area, failing infrastructure and overcrowding in the old business district on Lagos Island and lax zoning enforcement in Victoria Island led to a mass migration of businesses over the last twenty-five years. Today, Victoria Island is one of Nigeria's busiest centres of banking and commerce, with most major Nigerian and international corporations headquartered on the Island.
The Island has continued to rapidly develop and along with Ikoyi, is a favourite spot for Nigerians and foreigners to live and play.
