Oju Olobun Street, Victoria Island (VI), Lagos
₦2,500,000 per square meter
| Property Ref: 3105744 | Added On: 20 Sep 2025 | Last Updated: 20 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 1,510 sqm |
Listing title
For Sale --- Detached Building on 1,510 sqm --- Oju Olobun Street, Victoria Island Land Certificate (48 years unexpired) 2,500,000 / sqm (Approx. 3.775B)
Overview
Prime island opportunity on Oju Olobun Street, Victoria Island: a detached building on a substantial 1,510 sqm plot offered for sale with a Land Certificate showing 48 years unexpired. This highvalue site is attractively positioned for owneroccupier use, corporate headquarters, boutique hotel/serviced apartments, or redevelopment into a highend residential or mixeduse scheme (subject to planning). The location, clear land documentation and sizeable footprint make this an ideal acquisition for developers and institutional investors seeking a strategic Victoria Island holding.
Property summary
- Property type: Detached building on single plot
- Site area: 1,510 sqm
- Location: Oju Olobun Street, Victoria Island, Lagos --- premium business and residential precinct
- Title: Land Certificate with 48 years unexpired (certified copy available for qualified buyers)
- Price: 2,500,000 per sqm
- Total asking price (approx.): 3,775,000,000 (Three billion, seven hundred and seventyfive million Naira) --- price subject to confirmation and negotiation
Key benefits & investment highlights
- Premier location: Victoria Island commands some of Lagos's highest land values and strong demand from corporates, embassies, hotels and highnetworth buyers.
- Significant landholding: 1,510 sqm provides flexibility for redevelopment (midrise office/residential/mixeduse) or continued use as a singleentity headquarters with extensive onplot parking and landscaped grounds.
- Clear documentation: Land Certificate with 48 years unexpired offers good transferability and financing prospects; certified documents available during due diligence.
- Value proposition: Strategic location and plot size present potential for substantial value uplift through redevelopment, repositioning or leaseback arrangements.
Potential uses (subject to planning & approvals)
- Corporate headquarters / head office campus
- Luxury boutique hotel or serviced apartments / shortstay operator
- Highend residential redevelopment (townhouses, apartments or gated compound)
- Mixeduse development combining commercial and residential components
- Institutional use: embassy/consulate, private clinic, private school or corporate housing
Condition & inspection
- The site includes an existing detached building; interior and structural condition, net lettable area and building specifications will be provided to qualified buyers and confirmed on inspection.
- Buyers should arrange an onsite inspection and technical survey to assess the building condition, redevelopment feasibility and costtocomplete (if applicable).
Title, due diligence & recommended checks
- Title document: Certified Land Certificate copy available to qualified buyers and solicitors. Buyer to instruct legal counsel to verify chain of title and any encumbrances.
- Recommended due diligence: Title search, survey verification, planning/zoning review with Lagos State authorities, structural / M&E inspection, environmental & geotechnical checks (if redeveloping), and verification of any estate or municipal levies.
- Financing: Strong title and location typically support mortgage finance or development funding --- discuss financing options with your lender early in the process.
Transaction & sale process
- Sale type: Direct sale to qualified buyers --- offers invited from institutional investors, developers and highnetworth purchasers.
- Viewing: By appointment only for prequalified buyers (proof of funds required).
- Offer procedure: Submit Letter of Intent (LOI) with proof of funds; shortlisted buyers will receive the full dossier and be invited for inspection and negotiation.
- Fees & costs: Buyer to budget for legal fees, stamp duty, due diligence costs and agent commission (if applicable).
Why act now
- Victoria Island land of this size with secure title is rare and highly sought after --- immediate interest expected from developers and investors looking to secure prime island frontage before further price escalation.
Disclaimer
All information provided is indicative and supplied in good faith. Prospective buyers must carry out independent verification, legal and technical due diligence prior to concluding any transaction. Price and availability are subject to prior sale and negotiation.
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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