Listing title:
prime 10,000 sqm road‑facing land --- kingsway road, ikoyi ---
title:federal c of o
asking:₦4,500,000 per sqm (₦45.0b)
overview:
rare opportunity to acquire a substantial 10,000 sqm land parcel directly facing kingsway road, ikoyi --- one of lagos island's most prestigious and strategically positioned corridors. the site is fully fenced and comes with a federal certificate of occupancy (federal c of o), making it an exceptional trophy asset for institutional investors, developers, embassies, or high‑net‑worth buyers targeting landmark residential, hospitality or commercial development in ikoyi.
key details
- property type: vacant land (road‑facing)
- size: 10,000 sqm
- location: kingsway road, ikoyi, lagos
- title: federal certificate of occupancy (federal c of o)
- condition: fully fenced --- ready for site mobilisation
- asking price: ₦4,500,000 per sqm
- indicative total asking price: ₦45,000,000,000 (₦45.0 billion)
- photos, survey plan and title documents: available to verified/serious buyers on request
location & strategic advantages
- direct frontage and visibility on kingsway road --- premium exposure for residential, commercial or mixed‑use schemes
- prime ikoyi address with proximity to bourdillon, probyn road, victoria island and major business/entertainment nodes
- high demand corridor for embassies, luxury residences, corporate headquarters and upscale hospitality
- fully fenced site reduces short‑term mobilisation costs and increases site security for works
potential uses & development opportunities
- ultra‑luxury private estate or multiple high‑end detached mansions/villas
- serviced apartments, luxury condominium or boutique residential development
- embassy/consular compound, corporate headquarters or institutional campus
- hotel or boutique hospitality project leveraging premium location
- mixed‑use development combining retail podium and residential/office towers (subject to planning)
- parceling/phased development or sale of portions --- seller open to discussion on minimum parcel sizes and pricing
investment highlights
- scarcity of large, contiguous road‑facing land parcels on kingsway road enhances long‑term capital appreciation
- federal c of o title offers a strong basis for secure transfer and reduces acquisition risk (buyers should still verify)
- immediate development readiness: fenced perimeter and road frontage accelerate mobilisation
- flexible options for owner‑occupier, jv with developers, or long‑term investment hold
title, documents & transfer
- title: federal certificate of occupancy (federal c of o) --- originals available for inspection by serious buyers
- seller can supply survey plan, chain of title and site documentation on proof of seriousness
- buyers should verify federal c of o particulars and any conditions attached to allocation or transfer
due diligence & technical considerations
prospective buyers should undertake standard and project‑specific checks:
- title verification and chain of ownership confirmation (inspect original federal c of o)
- on‑site boundary verification against the survey plan
- zoning and land‑use checks with lagos state/federal planning authorities and confirmation of permitted far/setbacks
- geotechnical and flood‑risk assessments for large‑scale development planning
- confirmation of access roads, utilities (power, water, drainage) and requirements for service connections
- assessment of any conversion/consent processes if required for intended development
price, terms & additional costs
- asking price: ₦4,500,000 per sqm
- indicative total: ₦45,000,000,000
- price negotiable based on payment terms, proof of funds and due diligence outcomes
- buyer responsible for customary acquisition costs (legal fees, stamp duty, professional fees, transfer fees and any conversion costs) unless otherwise agreed
- seller open to discuss structured payment terms, jv or parcel sale options with qualified buyers
viewing & next steps
- site inspection and document review available by appointment for serious/qualified buyers
- photo gallery, survey plan and title copies provided on request after verification of buyer credentials
- virtual/video tour can be arranged for remote investors
- recommended next steps: request documents, arrange on‑site inspection, instruct legal/title search and commission technical surveys
ref: d...
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