Rumens Road, Ikoyi, Lagos
₦22,500,000,000
| Property Ref: 3082245 | Added On: 08 Sep 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 5,000 sqm |
NOTICE: *DIRECT BUYER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)
Listing Title:
Prime 5,000 sqm RoadFacing Land --- Rumens Road, Ikoyi ---
Title: State C of O
Asking:4,500,000 per sqm (22.5B)
Overview:
Exceptional opportunity to acquire a welllocated 5,000 sqm land parcel on Rumens Road, Ikoyi. The site is fully fenced and offered with a State Certificate of Occupancy (State C of O). Positioned within one of Lagos Island's most soughtafter corridors, this parcel is suitable for landmark residential, institutional, embassy or mixeduse developments and represents a strategic acquisition for developers, investors and highnetworth buyers.
Key Details
- Property type: Vacant development land (roadfacing)
- Size: 5,000 sqm
- Location: Rumens Road, Ikoyi, Lagos
- Title: State Certificate of Occupancy (State C of O)
- Condition: Fully fenced --- ready for mobilisation
- Asking price: 4,500,000 per sqm
- Indicative total price: 22,500,000,000
- Picture: Available on request
Location & Strategic Advantages
- Prime Ikoyi location with easy access to Probyn Road, Bourdillon and Kingsway corridors
- Strong connectivity to Victoria Island and other central business districts
- Highvalue neighbourhood attracting embassies, corporate residences and luxury developments
- Road frontage and fenced perimeter reduce initial site preparation and enhance security
Potential Uses & Development Opportunities
- Ultraluxury private estate or cluster of detached mansions/villas
- Serviced apartments, luxury condominium or upscale residential development
- Embassy/consular compound or corporate headquarters
- Boutique hotel or hospitality product (subject to approvals)
- Mixeduse development combining residential, retail and office components
- Parceling/phased development or JV opportunities --- seller open to discussion (confirm minimum parcel size)
Investment Highlights
- Scarcity of large contiguous land parcels in Ikoyi supports longterm capital appreciation
- State C of O provides a solid title basis for transfer and development (buyers should still verify)
- Fully fenced site accelerates mobilisation and reduces shortterm setup costs
- Flexible acquisition for owneroccupiers, developers and institutional investors
Title, Documents & Transfer
- Title: State Certificate of Occupancy (State C of O) --- original documents available for inspection to seriously interested buyers
- Seller will provide survey plan and supporting documents on request
- Buyers encouraged to verify C of O particulars and chain of ownership prior to payment
Price, Terms & Additional Costs
- Asking price: 4,500,000 per sqm
- Indicative total: 22,500,000,000
- Price negotiable depending on payment terms, proof of funds and due diligence outcomes
- Buyer to bear customary acquisition costs (legal fees, stamp duty, transfer fees, professional fees) unless otherwise agreed
- Seller open to discuss structured payment plans, parceling or JV arrangements with qualified buyers
Viewing & Next Steps
- Site inspections and document review by appointment for serious/qualified buyers
- Photo(s) and survey plan available on request after verification of buyer credentials
- Virtual/video tour can be arranged for remote investors
- Recommended next steps: request documents, schedule an onsite inspection and instruct legal/title search and 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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