Glover Road, Ikoyi, Lagos
$15,000,000
| Property Ref: 3052362 | Added On: 24 Aug 2025 | Last Updated: 13 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 5,414 sqm |
GLOVER ROAD, OLD IKOYI
PRIME CORNER DEVELOPMENT SITE
Asking Price: USD 15,000,000 (Fifteen Million Dollars)
Direct instruction from the property owner.
Headline
Exceptional and rare corner development site on Glover Road, Old Ikoyi --- 5,414 sqm with pile foundations already in place for twin 15storey luxury towers. Strategic entitlement position with Lagos State Governor's Consent and Federal Consent in place. A landmark opportunity for a fasttrack luxury residential or mixeduse development.
Key highlights
- Site area: 5,414 sqm (approx. 1.34 acres) --- prominent corner parcel with excellent frontage and visibility
- Structural readiness: Pile foundations installed for twin 15storey towers --- significant time and cost savings to developer
- Title & consents: Lagos State Governor's Consent and Federal Consent (documents available for verification)
- Location: Glover Road, Old Ikoyi --- one of Lagos's most prestigious addresses with immediate access to Victoria Island, commercial hubs, embassies and premium amenities
- Asking price: USD 15,000,000 --- serious, qualified buyers only
Development potential
- Immediate entitlement advantage for twintower landmark development (residential, serviced apartments or mixeduse) subject to final statutory approvals and design conformity
- Corner orientation affords superior design flexibility, enhanced natural light, and highvalue unit layouts
- Strong rental and sales demand for luxury product in Old Ikoyi --- exceptional capital appreciation potential
Property description
A substantial and highly strategic plot offering a developer-ready platform. The presence of pile foundations substantially derisks early-stage construction timelines and budget for an experienced developer. The site's consents and location make it ideal for a flagship luxury project targeting highnetworth end-users and institutional investors.
Investment advantages
- Reduced lead time to construction given existing pile works
- Entitlement documentation (Governor's & Federal Consent) substantially lowers planning risk (subject to verification)
- Limited large-format land supply in Old Ikoyi --- rarity premium applies
- Strong exit options: high-end sales, longlet premium rentals, or institutional JV
Transaction and viewing
- Price: USD 15,000,000 (asking) --- proof of funds/bank reference required prior to release of full documentation
- Viewings and site inspections strictly by appointment; confidential engagements for qualified parties only
- Original title, consent documents and pile foundation records available for inspection upon execution of an NDA and confirmation of funding
Legal note
All particulars are provided by instruction of the owner and are subject to contract and verification. Buyer to conduct independent due diligence; sale subject to verification of title, consents and planning status. Buyer responsible for customary taxes, transfer fees and legal costs unless otherwise agreed.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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