Prime And Lucrative Development Land For Acquisition

Listing title
For Sale ---
Prime Development Land Off Allen Avenue, Ikeja
Size: (4 Plots / Total 12,214.497 sqm)
Title: C of O
Price: ₦300,000 / sqm

Overview
Rare opportunity to acquire prime contiguous / adjoining development plots off Ogundana Street (off Allen Avenue), Ikeja --- one of Lagos's most sought‑after commercial and mixed‑use corridors. The offering comprises four well‑sized plots (total 12,214.497 sqm) with clean Certificate of Occupancy (C of O). The site delivers excellent frontages, immediate access to major arterial roads and strong demand drivers from corporate, retail and residential occupiers. Ideal for institutional developers, investors, retail anchors, hospitality groups or mixed‑use masterplans.

Key facts

- Location: Off Ogundana Street (off Allen Avenue), Ikeja, Lagos State
- Title: Certificate of Occupancy (C of O) --- certified documents available to qualified buyers
- Plot sizes (individual):
1. 5,671.874 sqm
2. 2,931.390 sqm
3. 2,111.233 sqm
4. 1,500.000 sqm
- Total land area: 12,214.497 sqm
- Asking price: ₦300,000 per sqm
- Indicative prices:- Plot 1 (5,671.874 sqm) --- ≈ ₦1,701,562,200- Plot 2 (2,931.390 sqm) --- ≈ ₦879,417,000- Plot 3 (2,111.233 sqm) --- ≈ ₦633,369,900- Plot 4 (1,500 sqm) --- ₦450,000,000- Total (12,214.497 sqm) --- ≈ ₦3,664,349,100 (approx. ₦3.66B)
- Note: The vendor is open to selling individual plots or the entire parcel as one lot -
Location & transport benefits

- Strategically positioned off Allen Avenue --- immediate access to Ikeja GRA, commercial hubs, business districts and public transport nodes.
- Excellent road connectivity to major Lagos arterials and reasonable proximity to Murtala Muhammed International Airport --- convenient for logistics, visitors and staff.
- Strong catchment of white‑collar workforce, retailers and service industries in Ikeja and surrounding suburbs --- ideal end‑users for commercial and hospitality developments.

Suggested development uses

- Corporate headquarters, office park or multi‑tenanted commercial complex
- Retail shopping mall, supermarket anchor or mixed retail plaza serving local and commuter demand
- Hotel, serviced apartments or hospitality campus for business travelers and guests
- High‑density residential apartments, gated estate or serviced plots (subject to planning)
- Medical facility, private clinic or educational campus
- Logistics / last‑mile distribution hub (subject to local planning)

Investment highlights

- Large, well‑located contiguous landholding (flexible lot size) in a high‑demand node --- scarcity of similar parcels on Allen Avenue.
- Clear C of O title simplifies purchaser diligence and supports financing discussions.
- Opportunity for stratified development (phased delivery) or single‑project masterplan --- attractive to developers and institutional investors.
- Immediate market for sale/letting of commercial, retail and residential product given Ikeja's occupational demand.

Due diligence & documentation (available on request)
Prospective buyers will be provided with certified title documents and site dossier on qualification. Recommended checks to complete prior to exchange include:

- Certified copy of C of O and supporting title/chain documentation
- Certified site survey and cadastral plan showing plot boundaries and coordinates
- Planning/zoning consultation with Lagos State planning authority on permissible use, plot coverage and floor‑space ratio (FSR)
- Geotechnical & environmental assessment (as required for chosen development)
- Utility availability and connection costs (power, water, drainage, telecoms)
- Search for encumbrances, rates and statutory obligations

Transaction & sale process

1. Submit Letter of Intent (LOI) with buyer/company profile and proof of funds.
2. Qualified buyers will receive the full dossier and be invited for site inspection.
3. Negotiate Heads of Terms (HoT) covering price, deposit, timeline and any bulk‑purchase discounts.
4. Execute sale agreement and complete transfer via solicitors with standard conveyancing formalities.
5. Bulk buyers: developer‑friendly terms may be offered for single‑buyer acquisition (discuss during negotiation).

Viewing & contact
Site inspections and document review are by appointment only for qualified buyers. Please provide proof of funds or bank reference when requesting full documentation.

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*

Important notice
All information provided is indicative and supplied in good faith. Prospective purchasers must undertake independent legal, financial and technical due diligence prior to completing any transaction. Prices and availability are subject to change and the seller reserves the right to negotiate or accept an offer at any time. Facilitator/agency fees to be agreed in writing.

Ref: Prince Idan