Kingsway Road, Ikoyi, Lagos
₦4,500,000,000
| Property Ref: 3082187 | Added On: 08 Sep 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 10,000 sqm |
NOTICE: *DIRECT BUYER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
Listing Title:
Prime 10,000 sqm RoadFacing Land --- Kingsway Road, Ikoyi ---
Title:Federal C of O
Asking:4,500,000 per sqm (45.0B)
Overview:
Rare opportunity to acquire a substantial 10,000 sqm land parcel directly facing Kingsway Road, Ikoyi --- one of Lagos Island's most prestigious and strategically positioned corridors. The site is fully fenced and comes with a Federal Certificate of Occupancy (Federal C of O), making it an exceptional trophy asset for institutional investors, developers, embassies, or highnetworth buyers targeting landmark residential, hospitality or commercial development in Ikoyi.
Key Details
- Property type: Vacant land (roadfacing)
- Size: 10,000 sqm
- Location: Kingsway Road, Ikoyi, Lagos
- Title: Federal Certificate of Occupancy (Federal C of O)
- Condition: Fully fenced --- ready for site mobilisation
- Asking price: 4,500,000 per sqm
- Indicative total asking price: 45,000,000,000 (45.0 billion)
- Photos, survey plan and title documents: Available to verified/serious buyers on request
Location & Strategic Advantages
- Direct frontage and visibility on Kingsway Road --- premium exposure for residential, commercial or mixeduse schemes
- Prime Ikoyi address with proximity to Bourdillon, Probyn Road, Victoria Island and major business/entertainment nodes
- High demand corridor for embassies, luxury residences, corporate headquarters and upscale hospitality
- Fully fenced site reduces shortterm mobilisation costs and increases site security for works
Potential Uses & Development Opportunities
- Ultraluxury private estate or multiple highend detached mansions/villas
- Serviced apartments, luxury condominium or boutique residential development
- Embassy/consular compound, corporate headquarters or institutional campus
- Hotel or boutique hospitality project leveraging premium location
- Mixeduse development combining retail podium and residential/office towers (subject to planning)
- Parceling/phased development or sale of portions --- seller open to discussion on minimum parcel sizes and pricing
Investment Highlights
- Scarcity of large, contiguous roadfacing land parcels on Kingsway Road enhances longterm capital appreciation
- Federal C of O title offers a strong basis for secure transfer and reduces acquisition risk (buyers should still verify)
- Immediate development readiness: fenced perimeter and road frontage accelerate mobilisation
- Flexible options for owneroccupier, JV with developers, or longterm investment hold
Title, Documents & Transfer
- Title: Federal Certificate of Occupancy (Federal C of O) --- originals available for inspection by serious buyers
- Seller can supply survey plan, chain of title and site documentation on proof of seriousness
- Buyers should verify Federal C of O particulars and any conditions attached to allocation or transfer
Due Diligence & Technical Considerations
Prospective buyers should undertake standard and projectspecific checks:
- Title verification and chain of ownership confirmation (inspect original Federal C of O)
- Onsite boundary verification against the survey plan
- Zoning and landuse checks with Lagos State/federal planning authorities and confirmation of permitted FAR/setbacks
- Geotechnical and floodrisk assessments for largescale development planning
- Confirmation of access roads, utilities (power, water, drainage) and requirements for service connections
- Assessment of any conversion/consent processes if required for intended development
Price, Terms & Additional Costs
- Asking price: 4,500,000 per sqm
- Indicative total: 45,000,000,000
- Price negotiable based on payment terms, proof of funds and due diligence outcomes
- Buyer responsible for customary acquisition costs (legal fees, stamp duty, professional fees, transfer fees and any conversion costs) unless otherwise agreed
- Seller open to discuss structured payment terms, JV or parcel sale options with qualified buyers
Viewing & Next Steps
- Site inspection and document review available by appointment for serious/qualified buyers
- Photo gallery, survey plan and title copies provided on request after verification of buyer credentials
- Virtual/video tour can be arranged for remote investors
- Recommended next steps: request documents, arrange onsite inspection, instruct legal/title search and commission technical surveys
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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Ref: Daka
