Kofo Abayomi, By Musa Yar'adua, Ikoyi, Lagos
₦10,000,000,000
| Property Ref: 3124244 | Added On: 01 Oct 2025 | Last Updated: 12 Oct 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 4,000 sqm |
For Sale --- Prime Corner Development Land
(4,000 sqm) ---
Kofo Abayomi / Musa Yar'Adua St, Victoria Island
C of O (85 yrs unexpired)
Approved for 22Storey Tower
2,500,000 / sqm
Headline: Onceinacycle island development plot: 4,000 sqm corner parcel on Kofo Abayomi x Musa Yar'Adua, Victoria Island --- clear Certificate of Occupancy with 85 years unexpired, Lagos State approval for a 22floor building and all statutory levies paid. Exceptional turnkey site for a landmark mixeduse, residential or hotel tower. Asking price: 2,500,000 per sqm (Indicative total 10.0 billion).
OverviewA rare island landholding with full development permissions in place and immediate title clarity. This 4,000 sqm corner site on two of Victoria Island's most prestigious streets offers scale, frontage and a municipally approved 22storey envelope --- significantly derisking the path from acquisition to construction. The asset is fully cleared of Lagos State levies and ready for a qualified developer or investor seeking to deliver a signature highrise in one of Lagos's most valuable micromarkets.
Property summary
- Location: Corner Kofo Abayomi Street & Musa Yar'Adua Street, Victoria Island, Lagos
- Site area: 4,000 sqm (single consolidated title)
- Title: Lagos State Certificate of Occupancy (C of O) --- 85 years unexpired (certified title available on request)
- Planning status: Lagos State planning approval / consent to construct up to 22 storeys (approved plans/permits on request)
- Statutory: All applicable levies and payments to Lagos State Government have been settled
- Asking price: 2,500,000 per sqm --- Total (indicative): 10,000,000,000
Strategic highlights & investment rationale
- Readytobuild: Approved 22storey planning consent materially reduces predevelopment lead time and approval risk.
- Island prestige: Victoria Island commands premium pricing and consistent demand for quality office, residential and hotel product --- strong exit and rental markets.
- Corner advantage: dual frontage improves design flexibility, ingress/egress and commercial activation on lower floors.
- Institutional finance friendly: clean C of O with long unexpired term and paid levies supports bank financing and institutional bids.
- Scale: 4,000 sqm on the island is scarce --- enables a tower with meaningful GFA and strong unit/room yields.
Suggested highestvalue uses (subject to final planning & market strategy)
- Luxury residential tower or branded serviced apartments
- Grade A office building / corporate headquarters
- Hotel or mixed hotel/residence scheme with retail podium and F&B activation
- Mixeduse development: retail/restaurant podium, commercial floors and highspec residential above
Approvals, title & documentation (available on request)
- Lagos State C of O (certified copy) --- 85 years unexpired
- Planning approval / signed minutes permitting 22 storeys (certified copies available)
- Evidence of levy payments and receipts from Lagos State Government
- Site survey, cadastral plan and preliminary geotechnical notes (where available)
Due diligence checklist (recommended)
- Independent solicitor title search and confirmation of C of O status and encumbrance position
- Review of approved planning package (approved drawings, conditions, setbacks and parking requirement)
- Independent verification that all Lagos State levies and conditions have been discharged
- Geotechnical & topographical survey and flood risk assessment (coastal island sites require specialist review)
- Utility strategy (power, water, drainage) and capacity/connection plan
- Traffic & access assessment and coordination with highways / planning where necessary
- Verify exiting restrictions, covenants or estate bylaws affecting design and operation
Transaction & sale process
- Viewing and documentation: Certified title, approved plans and survey will be released to qualified parties on provision of proof of funds and NDA.
- Offers: Submit a formal Letter of Intent (LOI) with buyer profile and evidence of funding. Shortlisted parties will receive full data room access and be invited for an onsite inspection.
- Completion: Heads of Terms solicitorled sale agreement completion. Structured purchase or JV proposals considered for proven developers/investors.
Why act nowLarge, fully permitted island parcels with long unexpired C of O and cleared statutory payments are exceptionally rare --- buying this site allows a developer to accelerate timetomarket for a premium highrise product in a toptier Lagos microlocation.
Confidentiality & contactSerious enquiries only. Full documentation and technical pack available to prequalified parties on request (NDA required).
To express interest, request the data room or arrange a confidential inspection, contact the mandated agent:
[Mandated Agent / Company Name]Phone: [Insert phone number]Email: [Insert email address]
NoteAll information is provided in good faith and is subject to verification. Buyers should carry out their own legal, technical and financial due diligence prior to commitment.
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.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES
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.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES
Ref: Nnedu
