Ashabi Cole Street, Alausa, Ikeja, Lagos
₦1,300,000,000
| Property Ref: 3147466 | Added On: 14 Oct 2025 | Last Updated: 20 Oct 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 1,800 sqm |
For Sale ---
Prime MixedUse Corner Parcel (1800sqm) ---
Ashabi Cole (Close to Passport Office), Alausa / CBD, Ikeja
Governor's Consent
800,000,000
Overview: A special, strategically located mixeduse development site on a prominent corner of Ashabi Cole --- just minutes from the Passport Office and the Alausa CBD in Ikeja. This 1,800sqm parcel with Governor's Consent is ideal for office towers, a hotel, shopping mall, serviced apartments or a highend mixeduse podium. Exceptional frontage, wide tarred roads and immediate access to Ikeja's commercial core make this a turnkey acquisition for developers and institutional investors.
Quick facts
- Location: Ashabi Cole, Alausa / CBD, Ikeja --- close to Passport Office and key government & corporate nodes
- Site area: 1,749.454 sqm (single consolidated corner parcel)
- Title: Governor's Consent --- certified documents available to qualified buyers
- Asking price: 800,000,000 (Eight hundred million Naira)
Strategic advantages
- Corner piece advantage: dual frontage increases design flexibility, visibility, multiple access points and improved commercial activation at ground level.
- CBD proximity: immediate access to Alausa business district, banks, ministries, corporate offices and transport links --- strong demand drivers for office and hospitality product.
- Excellent infrastructure: wide, tarred roads, reliable connectivity and nearby utilities reduce development mobilisation time and cost.
- Versatile permitting: mixeduse zoning potential supports a range of highvalue uses (office, hotel, retail, residential or hybrid schemes).
- Investment profile: suitable for an institutional developer, hospitality brand or commercial investor seeking a flagship project in central Ikeja.
Suggested highvalue uses
- Grade A office block / corporate headquarters
- Business hotel or branded serviced apartments with F&B activation
- Retail shopping mall or convenience retail podium with office/residential above
- Mixeduse development: retail podium + office floors + residential/serviced apartments
- Bank/financial services campus, medical or institutional campus
Practical considerations
- Onsite access: generous frontage and corner geometry enable multiple access points for vehicles and service deliveries.
- Parking & servicing: scheme design can incorporate basement/ podium parking to meet CBD requirements (to be confirmed with planning).
- Utilities: proximity to existing network infrastructure; buyer to confirm capacity for intended development.
Recommended due diligence (action checklist)
- Title: Request certified Governor's Consent and instruct solicitor for chainoftitle and encumbrance search.
- Survey: Obtain certified survey plan and conduct onsite boundary verification.
- Planning: Confirm permissible FAR/coverage, height limits, setbacks and parking requirements with Lagos State planning authorities.
- Technical: Commission geotechnical & topographic surveys, drainage/flood risk assessment and utilities capacity audit.
- Environmental & traffic: EIA screening and traffic impact assessment for largescale commercial uses.
- Financial: Independent market study (office/hotel/retail comps) and QS cost model to validate yield and project viability.
Sale process & viewing
- Sale type: Direct (semidirect) --- owner prefers qualified, serious buyers.
- Viewings: By appointment only to prequalified purchasers. Proof of funds or credible bank reference required prior to document release and site access.
- Documentation: Certified Governor's Consent, survey and highlevel site information will be supplied to qualified parties on NDA.
- Offers: Submit a Letter of Intent (LOI) with buyer/company profile and proof of funds. Shortlisted parties will be given the data pack and invited for inspection.
- Completion: Heads of Terms solicitorled conveyancing completion.
Why act nowLarge, titled corner parcels with immediate CBD access in Ikeja are scarce. This site delivers location, ready infrastructure and commercial flexibility --- an excellent platform for a landmark office, hospitality or mixeduse project with rapid market uptake.
All particulars are provided in good faith and should be independently verified by prospective buyers and their advisers. Price and availability are subject to prior sale.
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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Referrals & Third Party Agents: 2.5%-Comm
Ref: BG
