Mixed-use land for sale
Along Jobi Fele Way, Beside Necca House, Alausa, Ikeja, Lagos
Prime mixed-use land in alausa cbd 4,019 sqm
along jobi fele way adjacent to necca house & gani fawehinmi gallery c of o ₦4.5 billion
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property overview
- location: alausa, lagos. prime position along jobi fele way, beside necca house and the gani fawehinmi gallery, with immediate proximity to the corporate affairs commission.
- land size: 4,019 sqm.
- current use: operational mixed-use expanse with an existing warehouse, administrative office, showroom, and a bungalow.
- title: certificate of occupancy (c of o) with governor's consent.
- asking price: ₦4,500,000,000.
- price per sqm: ₦1,119,681.
- status: income-generating property with immediate redevelopment potential in the heart of the government and business district.
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key highlights
- unbeatable cbd location: situated in alausa, lagos's core government and corporate nerve center, ensuring perpetual high demand and prestige.
- existing income & use: currently operational, providing immediate rental income while plans for redevelopment are finalized.
- strategic neighbours: direct adjacency to major landmarks (necca house, gani fawehinmi gallery) and walking distance to the corporate affairs commission guarantees unparalleled visibility and accessibility for corporate clients.
- strong & clear title: possession of both c of o and governor's consent offers maximum title security, facilitating straightforward transactions and financing.
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️ development potential
this is a rare opportunity to redevelop a key cbd plot for:
- a modern corporate headquarters tower.
- a premium mixed-use complex (grade-a offices, retail, serviced apartments).
- a dedicated governmental or institutional annex.
- an upscale gallery, conference center, or commercial plaza leveraging its cultural and governmental adjacency.
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market context
the asking price of approximately ₦1.12 million per sqm reflects the premium for a large, titled, and strategically located parcel in the alausa cbd. value is justified by:
1. location scarcity: land of this scale in the defined alausa cbd is virtually irreplaceable.
2. income & redevelopment dual advantage: offers immediate yield and a clear value-add path through redevelopment.
3. institutional-grade address: proximity to key government institutions makes it uniquely attractive for corporates, law firms, and diplomatic entities.
ideal for: institutional investors, corporate end-users, real estate development funds, and high-net-worth portfolios seeking a landmark asset in lagos's administrative capital.
a definitive cbd investment offering both current income and exceptional redevelopment upside, with full documentation ready for revi...
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₦4,500,000,000
Ac Valour International
08036503218