2,000 Sqm Land

Prime Commercial Land For Sale on Bishop Oluwole Street, Victoria Island, Lagos
2,000 SQM Lag C of O (COFO) Title ₦2.4M per SQM ₦4.8 Billion Total

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Property Overview

- Location: Bishop Oluwole Street, Victoria Island, Lagos. A premier business and diplomatic corridor.
- Land Size: 2,000 SQM.
- Title: Lagos Certificate of Occupancy (C of O) - Family/Private Grant, commonly called a "COFO" (C of O from Family). This indicates the title originated from a family-owned parcel that obtained state recognition.
- Price per SQM: ₦2,400,000.
- Total Asking Price: ₦4.8 Billion.
- Status: Prime commercial/residential bare land in the heart of Victoria Island.

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Key Highlights

- A-Grade VI Address: Bishop Oluwole is a core Victoria Island street, known for its proximity to the financial district, embassies, and Eko Atlantic. This ensures unmatched prestige and visibility.
- COFO Title Specifics: A private/family-granted C of O is a strong title but requires meticulous verification. It is crucial to confirm:
1. Its authenticity at the Lagos State Lands Bureau.
2. That it is free from family disputes and that all necessary consents from the family are obtainable for sale.
3. The process and cost for a potential buyer to convert it to a Governor's Consent (the strongest individual title) upon purchase.
- Institutional-Scale Plot: 2,000 SQM in central VI is a rare offering, suitable for a landmark headquarters or luxury development.

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️ Development Potential

Given the location, this land is ideal for:

- Corporate Headquarters Tower
- International Grade-A Office Complex
- Luxury Hotel or Serviced Apartments
- High-End Mixed-Use Development (Retail, Office, Residential)
- Diplomatic Mission or Embassy

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Location Benefits

- Epicenter of Finance & Diplomacy: Walking distance to major banks, the stock exchange, and numerous embassies.
- Proximity to Eko Atlantic: Positioned at the gateway to Lagos's new flagship city, benefiting from its growth and modern infrastructure.
- Unmatched Connectivity: Excellent access to Ahmadu Bello Way, Ozumba Mbadiwe, and the Lekki-VI link bridge.
- Premium Environment: Benefits from the highest standard of security, roads, and utilities in Lagos.

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Investment Value & Market Context

- Total Asking Price: ₦4.8 Billion.
- Price per SQM: ₦2.4 Million.
- Market Justification: This price is at the absolute premium end of the VI market. It reflects the scarcity of large, titled plots in this specific, irreplaceable location. For comparison:
- Recent asks on nearby Ahmadu Bello Way have been around ₦2.5M - ₦3M per SQM.
- The price acknowledges the plot's potential for a high-density, high-return flagship development.

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️ Critical Verification Steps

A transaction of this magnitude demands exhaustive due diligence, especially regarding the COFO title.

Step 1: Title & Legal Deep Dive

- Verify at Lands Bureau: Confirm the authenticity of the COFO and check its status.
- Engage a Specialist Lawyer: Conduct a full land search and investigate the history of the family ownership to ensure no disputes or lingering claims.
- Clarify Conversion Path: Obtain a clear, written understanding from your lawyer on the process, timeline, and cost to upgrade the title to a Governor's Consent after purchase.

Step 2: Financial & Feasibility Assessment

- Proof of Funds: Be prepared to demonstrate substantial financial capacity.
- Development Feasibility: Commission preliminary studies to assess optimal development yield, factoring in VI's zoning regulations.

Step 3: Negotiation

- Title Cost Factor: The potential future cost and effort of title conversion should be a consideration in the final purchase price negotiation.

Ideal For:

- Multinational corporations seeking a regional flagship HQ.
- Top-tier real estate development funds.
- Established Nigerian conglomerates or banking institutions.
- Sovereign wealth or institutional investors.

A definitive opportunity to own a landmark plot in the center of Victoria Island. The COFO title adds a layer of necessary diligence but does not diminish the asset's premier status.