Idowu Martins/ Akin Olugbade, Victoria Island (VI), Lagos
₦5,000,000,000
| Property Ref: 3156728 | Added On: 19 Oct 2025 | Last Updated: 20 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 2,963 sqm |
FOR SALE
Prime 2,963 sqm Corner Development Parcel with 2 Buildings ---
Idowu Martins / Akin Olugbade, Victoria Island
State C of O ---
5,000,000,000
Price & Title
- Asking price: 5,000,000,000 (Five Billion Naira)
- Title: State Certificate of Occupancy (C of O) --- originals available for verification under customary procedures.
Location & availability
- Location: Corner parcel at Idowu Martins by Akin Olugbade, Victoria Island --- premier island address with excellent accessibility to business districts, embassies, hotels and major arterial routes.
- Land area: 2,963 sqm (corner plot offering multiple frontages and high visibility).
- Availability: For immediate sale. Viewings and full document access available to qualified, serious buyers.
Property overview
A rare, large-scale development parcel in the heart of Victoria Island. The site comprises approximately 2,963 sqm of contiguous land on a prominent corner, improved with two existing buildings. The position, scale and clean State C of O title make this an exceptional opportunity for institutional investors, developers or owner-occupiers seeking a flagship site for high-end residential, commercial, hospitality or mixeduse redevelopment.
Key features & highlights
- Prime corner plot with multiple street frontages --- exceptional visibility and design flexibility.
- Total land area: 2,963 sqm --- unusually large and contiguous for Victoria Island.
- Existing improvements: two blocks of buildings on site (suitable for interim income or conversion; detailed condition report available).
- Title: State Certificate of Occupancy (C of O) --- bankable and transferable.
- Strategic location: immediate proximity to financial, corporate and hospitality nodes; excellent catchment for premium tenants and users.
- Redevelopment potential: suitable for luxury apartments/serviced residences, Grade A office headquarters, boutique hotel/aparthotel, mixeduse development or landmark corporate campus.
Why this asset stands out
- Scale & scarcity: parcels of this size on Victoria Island are extremely limited --- providing strong longterm capital appreciation potential and development upside.
- Corner positioning: enhances design options (separate vehicle access, multiple entries, higher daylighting and improved frontage for commercial uses).
- Income flexibility: existing buildings may generate interim rental income or be retained as part of a phased redevelopment strategy.
- Marketability: premium address supports high rents and strong demand from multinationals, embassies, hospitality operators and highend residential buyers.
Indicative uses & opportunity structures
- Luxury residential/apartment scheme or serviced apartments for expatriates and executives.
- Grade A office tower or lowrise corporate campus.
- Boutique hotel or mixeduse development combining retail, F&B and serviced offices/residences.
- Landbank for strategic investor seeking longterm value with phased development.
Documentation & due diligence pack
- Title documentation: State C of O --- originals available for inspection.
- Survey & site plan: available on request.
- Existing building plans, asbuilt drawings, and condition/status reports: available to qualified buyers.
- Additional documentation (planning history, utility enquiries, tenancy schedules if applicable) supplied on NDA.
Buyer profile sought
- Institutional developers and funds with capacity to deliver large-scale Victoria Island projects.
- High-net-worth and corporate buyers seeking a prestigious headquarters or investment holding.
- Hospitality operators and investors targeting prime island locations.
Transaction & viewing process
- Interested parties should submit formal expression of interest and proof of funds (POF) or bank reference to be considered for site inspection.
- Confidentiality: NDA required prior to release of full documentation and technical packs.
- Due diligence: recommended legal title search, structural inspection, geotechnical survey and planning envelope review.
- Offer & completion: subject to heads of terms, deposit and standard legal conveyancing with registration at the Land Registry.
Legal & disclaimer
All information contained in this listing is provided in good faith and is subject to verification. Prospective buyers must undertake independent legal, technical and financial due diligence. Price, availability and particulars may change without notice.
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
