For Sale: Premium 22000sqm Of Land For Acquisition, Akin Ogunlewe Street, Victoria Island (VI), Lagos (Ref: 3086430)

Premium 22000sqm Of Land For Acquisition

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Property Description

Listing Title:
Prime 22,000 sqm (5.5 acres / 33 plots) Land ---
Akin Ogunlewe Street, Victoria Island ---
C of O
₦1,000,000 per sqm (₦22.0B)

Overview:
Rare opportunity to acquire a large, contiguous 22,000 sqm (5.5 acres) landholding on Akin Ogunlewe Street, Victoria Island --- a strategic site immediately adjacent to Eko Atlantic and close to Ligali Ayorinde Road bus stop. Offered with Certificate of Occupancy (C of O), this trophy parcel is ideal for institutional developers, investors, corporate occupiers or high‑net‑worth buyers seeking a landmark mixed‑use, residential or commercial project in the heart of Lagos' central business and leisure district.

Key Details

- Property type: Vacant land (large contiguous parcel)
- Size: 22,000 sqm (5.5 acres)
- Equivalent plots: 33 standard parcels (average plot size ≈ 667 sqm) --- seller can confirm exact parceling options
- Location: Akin Ogunlewe Street, Victoria Island --- nearest landmark Eko Atlantic; Ligali Ayorinde Road bus stop nearby
- Title: Certificate of Occupancy (C of O)
- Asking price: ₦1,000,000 per sqm
- Indicative total price: ₦22,000,000,000 (₦22.0 billion)
- Photos, survey plan and title documents: available on request to verified/serious buyers

Location & Strategic Advantages

- Immediate proximity to Eko Atlantic --- prime new waterfront commercial/residential precinct with world‑class infrastructure
- Excellent access to Ligali Ayorinde Road, major business nodes on Victoria Island, Ikoyi and the Lekki corridor
- High visibility and footfall potential for commercial uses; strategic for flagship office, hospitality and retail brands
- Scarcity of large contiguous parcels on Victoria Island makes this a high‑value, long‑term asset with strong capital appreciation potential

Recommended Development Uses

- Mixed‑use development: retail/ podium + office + luxury residential/ serviced apartments
- Grade‑A office campus or corporate headquarters
- Upscale hotel or hospitality complex to serve visitors to Eko Atlantic and VI
- High‑density residential/condominium development or multiple luxury townhouses/villas
- Investment parceling: sell standard plots (e.g. ~667 sqm) to institutional or private buyers; phased development or JV structures

Title, Documents & Transfer

- Title: Certificate of Occupancy (C of O) --- originals available for inspection by serious buyers
- Seller can provide survey plan, C of O copy and related land documentation on proof of seriousness
- Buyers should verify C of O particulars, chain of ownership and any conditions attached to the title

Pricing, Terms & Additional Costs

- Asking price: ₦1,000,000 per sqm
- Indicative total for 22,000 sqm: ₦22,000,000,000
- Price negotiable for credible/structured offers and proof of funds
- Buyer to bear customary acquisition costs (legal fees, stamp duty, transfer fees, professional fees) unless otherwise agreed
- Seller open to discuss parceling options, phased payments or JV arrangements with qualified buyers

Viewing & Next Steps

- Site inspections and document review strictly by appointment for serious/qualified buyers
- Photo gallery, survey plan and C of O copy available on request after proof of seriousness
- Virtual/video tour can be arranged for out‑of‑town investors
- Recommended next steps: request documents, schedule an accompanied site visit, instruct legal/title search and commission technical surveys

Ref: Daka


Property Details

Property Ref: 3086430Added On: 10 Sep 2025Last Updated: 10 Sep 2025
Market Status: AvailableType: LandTotal Area: 22,000 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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