Kofo Abayomi, Victoria Island (VI), Lagos
₦8,500,000,000
| Property Ref: 3046419 | Added On: 21 Aug 2025 | Last Updated: 21 Aug 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 4,000 sqm |
Prime Corner Development Site
--- 4,000 m on Kofo Abayomi / Musa Yar'Adua (VI)
Lagos State C of O (86 yrs) 8.5B
Property summary
A strategic, highprofile corner land parcel presenting a rare development opportunity in the Victoria Island corridor. The site sits at the Kofo Abayomi / Musa Yar'Adua junction and offers exceptional visibility, dual frontage and an attractive title position --- held on Lagos State Certificate of Occupancy with 86 years remaining. The 4,000 m parcel is cleared, level and ready for immediate due diligence and development.
Key facts & pricing
- Site area: 4,000 m (corner parcel, dual frontage)
- Title: Lagos State Certificate of Occupancy (C of O) --- 86 years remaining
- Asking price: 8,500,000,000
- Implied unit rate: 2,125,000 per m
- Availability: Immediate; viewings by appointment
Opportunity & recommended uses
- Highdensity mixeduse development (luxury residential apartments over retail / podium parking)
- Grade A office building or corporate headquarters
- Boutique hotel / serviced apartments or hospitality conversion
- Embassy or institutional facility requiring secure, prominent location
- Asset-hold or valueadd repositioning for rental income and capital appreciation
Location & accessibility
- Located on the Kofo Abayomi / Musa Yar'Adua junction --- a premium artery within Victoria Island (VI) providing excellent connectivity to business districts and leisure nodes
- Prominent corner position offers high exposure to vehicular and pedestrian traffic
- Close proximity to financial institutions, corporate offices, premium hotels, retail and transport links
Title & legal notes
- Lagos State C of O with 86 years unexpired --- strong marketable title
- Title documents available for inspection; buyer to confirm chain of title, encumbrances and any outstanding government levies during legal due diligence
Planning & technical considerations
- Buyer to confirm permitted density, plot ratio/FAR, building setbacks and parking requirements with the Lagos State planning authority
- Utilities: mains power, water and telecom connections readily available in the area (confirm capacities)
- Preliminary technical recommendations: obtain uptodate topographical survey, geotechnical report and utility/service maps prior to design
Investment highlights
- Corner position and dual frontage significantly enhance design flexibility, ingress/egress and commercial frontage value
- Long remaining C of O tenure (86 years) provides security and facilitates financing
- Located in a constrained supply market --- strong longterm capital appreciation and rental outlook
- Attractive for institutional developers, hotels and corporate occupiers seeking a flagship presence
- Certified copy of Lagos State C of O
- Preliminary site photos
- Existing survey/plan (if available)
- Vendor contact details and viewing arrangements
Ideal buyer profile
- Mixeduse and residential developers
- Institutional investors and private equity funds
- Hotel operators and hospitality investors
- Corporate occupiers and embassy/institutional buyers
Viewing & contact
- Viewings strictly by appointment. To request the full documentation pack, arrange a viewing or discuss terms, please contact the listing agent with your preferred times and proof of funds / corporate introduction.
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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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