Residential land for sale
1,400 and 300 SQM Land
Property Details Location: In Front of Dideolu Estate, Off Ligali Ayorinde Street, Victoria Island, Lagos Property Type: Land Land Size: 1,400 SQM Additional Setback: Approximately 300 SQM Asking Price: ₦5 Billion Transaction: Sale Road Exposure: Directly faces a major road Zahari View This is a sizeable landholding positioned in front of Dideolu Estate, off Ligali Ayorinde Street, Victoria Island, with direct exposure to a major road. The property comprises approximately 1,400 SQM of land, with an additional setback area of approximately 300 SQM. The combination of the core land size and road-facing position makes this a property that warrants careful assessment by buyers considering a substantial development within Victoria Island. The setback is particularly important to the overall assessment. Buyers and developers should independently verify the legal status, permitted use, planning requirements and how the approximately 300 SQM setback may be treated when determining the property's actual development capacity. Property Highlights 1,400 SQM landholding Approximately 300 SQM additional setback Located off Ligali Ayorinde Street, Victoria Island Positioned in front of Dideolu Estate Directly faces a major road Located within a prominent Victoria Island property corridor Suitable for consideration by developers and investors, subject to planning and development approvals Asking price: ₦5 Billion Why This Property Deserves Attention The location and physical scale are two of the major considerations with this property. A 1,400 SQM parcel provides meaningful development space within Victoria Island, while the direct relationship with a major road creates an important frontage consideration for any proposed project. The approximately 300 SQM additional setback also deserves specific attention during due diligence. Rather than assuming that the setback can automatically be incorporated into the development scheme, prospective buyers should establish its exact legal and planning status and understand whether it forms part of the titled property, required planning setback, road reserve or another category of land. For developers, this distinction can materially affect site planning, buildable area and project economics. Development & Investment Perspective Victoria Island remains an established Lagos property market with a mix of residential, commercial, hospitality and mixed-use developments. For a landholding of this scale, the appropriate approach is to assess the property based on its location, title, permitted use, planning parameters, road relationship and achievable development scheme rather than land size alone. Depending on the applicable planning regulations and approvals, prospective developers may evaluate different development concepts for the site. However, the final development potential should be determined through proper professional assessment and confirmation from the relevant authorities. Investor / Developer Note Before committing to the acquisition, serious buyers should conduct independent due diligence covering: Verification of title and ownership Survey and exact site dimensions Confirmation of the approximately 300 SQM setback Permitted land use Applicable planning regulations Development density and allowable building parameters Road setback and frontage requirements Access and right-of-way considerations Existing encumbrances, if any Site inspection and physical verification Commercial feasibility of the proposed development The stated 1,400 SQM land size and approximately 300 SQM setback should be independently verified before acquisition. Documentation Documentation and title position should be made available for independent verification by qualified prospective buyers before any transaction is concluded. Prospective buyers are encouraged to engage appropriate legal, surveying and planning professionals as part of the verification process. Property Intelligence Beyond the Listing At Zahari Properties, we believe a property decision should go beyond the asking price. For a major Victoria Island acquisition, buyers should understand not only where the property is located, but also how its title, planning restrictions, road frontage, setbacks and proposed development use may affect the property's actual value and usability. A professional inspection and documentation review should therefore form part of the acquisition process. Asking Price ₦5 Billion Serious buyers and qualified developers are invited to make enquiries for further property information and inspection arrangements. 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 is based on details provided at the time of listing. Land size, setback, title, permitted use, development potential and other material information should be independently verified by the prospective buyer before making an offer or completing a transaction.