Iconic Waterfront Land
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Property Description
FOR SALE -- ICONIC WATERFRONT LAND ON OZUMBA MBADIWE, VICTORIA ISLAND
Location: Ozumba Mbadiwe Road, Victoria Island, Lagos
Size: 4,300sqm (Fully Sandfilled, Shoreline Protected)
Title: Certificate of Occupancy (C of O)
Price: ₦3.3 Million/SQM NET
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ONE OF THE LAST PRIME WATERFRONT SPACES ON THE STRIP!
This is not just land --- this is legacy real estate. Nestled on the prestigious Ozumba Mbadiwe waterfront, this 4,300sqm commercial-grade plot offers rare water views, excellent access, and unmatched prestige.
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️ HIGHEST & BEST USE:
Luxury High-Rise Apartments
5-Star Hotel or Resort
Grade-A Office Tower
Corporate HQ or Tech Campus
Upscale Shopping Mall or Mixed-Use Tower
--- Where others see land, smart investors see skyline!
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INVESTMENT PROJECTIONS:
Expected Gross Development Value (GDV): ₦12B -- ₦20B
ROI (Rental Yield from Luxury Office/Residential): 10% -- 14% annually
ROR (Return on Redevelopment over 5 years): 25% -- 35% ROI based on high-rise luxury model
Appreciation Forecast (3 years): 30% -- 50%
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WHY THIS PROPERTY IS A GOLDMINE:
Direct waterfront views --- ultimate prestige
Fully sandfilled & shoreline protected --- zero prep cost
Located along Lagos' most strategic corridor
Ideal for landmark development with top-tier ROI
Clear C of O title -- ready for closing
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THIS IS WHERE VISIONARY DEVELOPERS BUILD ICONS!
Book a private viewing now.
Call 07013257514. 08141169442
This is not just land. It's a once-in-a-decade opportunity.
Property Details
| Property Ref: 2969227 | Added On: 10 Jul 2025 | Last Updated: 15 Jul 2025 |
| Market Status: Available | Type: Commercial Land | Total Area: 4,300 sqm |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Demilade D Agagu Consulting. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
(nuj Building)3/5 Adeyemo Alakija Victoria Island Lagos, Lagos State, Nigeria
0814 XXXX Show Phone
07013257514
Registered 5 years ago
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