Prime Corner Development Land
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Property Description
Prime Corner Development Site
--- 4,000 m² on Kofo Abayomi / Musa Yar'Adua (VI)
Lagos State C of O (86 yrs) ₦8.5B
Property summary
A strategic, high‑profile corner land parcel presenting a rare development opportunity in the Victoria Island corridor. The site sits at the Kofo Abayomi / Musa Yar'Adua junction and offers exceptional visibility, dual frontage and an attractive title position --- held on Lagos State Certificate of Occupancy with 86 years remaining. The 4,000 m² parcel is cleared, level and ready for immediate due diligence and development.
Key facts & pricing
- Site area: 4,000 m² (corner parcel, dual frontage)
- Title: Lagos State Certificate of Occupancy (C of O) --- 86 years remaining
- Asking price: ₦8,500,000,000
- Implied unit rate: ₦2,125,000 per m²
- Availability: Immediate; viewings by appointment
Opportunity & recommended uses
- High‑density mixed‑use development (luxury residential apartments over retail / podium parking)
- Grade A office building or corporate headquarters
- Boutique hotel / serviced apartments or hospitality conversion
- Embassy or institutional facility requiring secure, prominent location
- Asset-hold or value‑add repositioning for rental income and capital appreciation
Location & accessibility
- Located on the Kofo Abayomi / Musa Yar'Adua junction --- a premium artery within Victoria Island (VI) providing excellent connectivity to business districts and leisure nodes
- Prominent corner position offers high exposure to vehicular and pedestrian traffic
- Close proximity to financial institutions, corporate offices, premium hotels, retail and transport links
Title & legal notes
- Lagos State C of O with 86 years unexpired --- strong marketable title
- Title documents available for inspection; buyer to confirm chain of title, encumbrances and any outstanding government levies during legal due diligence
Planning & technical considerations
- Buyer to confirm permitted density, plot ratio/FAR, building setbacks and parking requirements with the Lagos State planning authority
- Utilities: mains power, water and telecom connections readily available in the area (confirm capacities)
- Preliminary technical recommendations: obtain up‑to‑date topographical survey, geotechnical report and utility/service maps prior to design
Investment highlights
- Corner position and dual frontage significantly enhance design flexibility, ingress/egress and commercial frontage value
- Long remaining C of O tenure (86 years) provides security and facilitates financing
- Located in a constrained supply market --- strong long‑term capital appreciation and rental outlook
- Attractive for institutional developers, hotels and corporate occupiers seeking a flagship presence
- Certified copy of Lagos State C of O
- Preliminary site photos
- Existing survey/plan (if available)
- Vendor contact details and viewing arrangements
Ideal buyer profile
- Mixed‑use and residential developers
- Institutional investors and private equity funds
- Hotel operators and hospitality investors
- Corporate occupiers and embassy/institutional buyers
Viewing & contact
- Viewings strictly by appointment. To request the full documentation pack, arrange a viewing or discuss terms, please contact the listing agent with your preferred times and proof of funds / corporate introduction.
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Property Details
| Property Ref: 3046419 | Added On: 21 Aug 2025 | Last Updated: 21 Aug 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 4,000 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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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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