1, 865SQM Mixed-Use Land Ademola Adetokunbo Street, Victoria Island

Ademola Adetokunbo Street. Victoria Island. 1,865sqm. Mixed-Use Zoning. Deed of Assignment. Global C of O. ₦4,500,000 Per Square Metre. This Is the Commercial Heart of Lagos. And This Is the Land That Builds Into It. The problem There is a category of Lagos land transaction that most professionals read about but very few execute. Not because the capital is unavailable. Because the land is. VI's primary commercial corridor --- the streets where multinationals headquarter, where the major banking clusters operate, where the hotel towers that serve Lagos's corporate and diplomatic community stand --- does not release land frequently. When it does, the parcels are absorbed by developers with the capital, the construction capacity, and the development vision to build at the scale the address demands. Ademola Adetokunbo Street, Victoria Island, is that corridor. 1,865sqm of mixed-use land on this street --- with a Deed of Assignment backed by a Global C of O, available today, at ₦4.5M per sqm --- is the specific type of transaction that developers who build Lagos's most recognisable commercial and residential towers spend years waiting for. It is available today. The agitation Here is the calculation that every serious developer in Lagos eventually makes about VI primary corridor land. The most consistently valuable real estate in Nigeria is not residential land in Lekki or Ikoyi. It is commercial-facing mixed-use land in the addressable core of Victoria Island --- where the demand for premium offices, serviced residences, retail space, and hotel accommodation from Lagos's multinational corporate population has been consistent, documented, and structurally undersupplied for two decades. The developers who built the towers that define the Adeola Odeku and Ademola Adetokunbo skyline did not acquire those plots at today's per-sqm rates. They acquired during windows --- moments when motivated vendors, estate resolutions, or portfolio restructurings released land that the market immediately recognised as correctly positioned. Those windows closed. The buildings went up. The returns were recognised. The NPC comparable listings visible today on the VI mixed-use land market tell the story numerically: A 4,100sqm fenced VI plot --- ₦6,000,000,000. Approximately ₦1,463,000 per sqm. Another 1,865sqm VI plot --- ₦6,000,000,000. Approximately ₦3,217,000 per sqm. This listing --- 1,865sqm on Ademola Adetokunbo, the commercial heart of VI --- ₦4,500,000 per sqm. The ₦1.3M per sqm premium over the second comparable is not a pricing error. It is the Ademola Adetokunbo address. The comparable plot at ₦3.2M per sqm is on VI, but it is not on this street. This street is the corridor where Lagos's commercial life is concentrated. The premium reflects what that concentration produces for a development project's exit value. The developer who has been watching for the right VI primary corridor land position at the right moment is looking at this listing right now. The solution 1,865 square metres of bare mixed-use land on Ademola Adetokunbo Street, Victoria Island. Deed of Assignment backed by a Global Certificate of Occupancy. ₦4,500,000 per square metre. Total acquisition: ₦8,392,500,000. Here is what this asset actually delivers for the developer who can act at this scale: Ademola Adetokunbo Street, Victoria Island --- the most commercially dense arterial road on the island. Ademola Adetokunbo runs through the commercial core of VI --- flanked by major banking headquarters, embassy clusters, the Eko Hotel complex, premium retail, and the corporate office buildings that house Lagos's multinational population. The foot traffic on this street on a working day is the visible evidence of the demand that drives commercial and premium residential yields in this sub-corridor. A building with an Ademola Adetokunbo address is not competing for tenants in the abstract VI market. It is competing for tenants who are already on this street, already in the buildings next door, already choosing between this address and what else the corridor offers. 1,865sqm --- the development footprint for a serious VI commercial project. At 1,865sqm of ground plate, the development options on this plot are not constrained by footprint. A mixed-use tower --- commercial podium on lower floors, premium residential on upper floors --- is viable within this footprint at VI's permitted building height regulations. A boutique office building, a serviced apartment block, a hotel development --- all are within the permitted development envelope of a 1,865sqm mixed-use plot on Ademola Adetokunbo. The land is large enough to build at the scale the address demands. Mixed-use zoning --- the development multiplier no single-use plot can offer. Purely residential plots produce residential returns. Purely commercial plots produce commercial returns. Mixed-use on Ademola Adetokunbo produces both --- in the same building, from the same title, in the same transaction. A development that places ground-floor and podium commercial space beneath upper-floor premium serviced apartments on this plot accesses two independent income streams from a single asset. The commercial tenants fund the ground-floor yield. The residential or hotel tenants fund the upper-floor yield. Both are supported by an address whose demand is not speculative --- it is the documented commercial and residential occupancy pattern of VI's most active business corridor. Deed of Assignment backed by a Global Certificate of Occupancy. The Deed of Assignment is the recognised, legally valid conveyance instrument for this plot. Its legal security derives from the Global Certificate of Occupancy --- a Lagos State master title instrument registered at the state government level. The Deed of Assignment traces directly to that Global C of O, giving the buyer a clean, short, verifiable title chain that terminates at the Lagos State government as the single title authority. Governor's Consent is the post-purchase individual registration upgrade --- the Lagos Land Registry application that converts the Deed of Assignment into a personally named, individually registered title instrument. With a Global C of O as the master instrument, the Governor's Consent application is the most straightforward individual title upgrade available in Lagos land law. Your solicitor handles it. The documentary foundation is already the strongest possible. Both the Deed of Assignment and the Global C of O are available for immediate solicitor review from the moment contact is made. ₦4,500,000 per sqm. Total acquisition: ₦8,392,500,000. At this per-sqm rate, on this street, with this title structure and this zoning --- the acquisition cost is the input to a development calculation that only the developer's specific construction cost basis and their exit pricing model can complete. But the address provides the exit confidence. Ademola Adetokunbo, Victoria Island, in a mixed-use development completed to international standard, produces a tenanted asset whose yield and capital value have been consistently benchmarked by the buildings already standing on this street. Ademola Adetokunbo Street, Victoria Island sits within the most infrastructure-managed and elevation-stable zone of Lagos Island. VI's commercial core --- the Adeola Odeku, Ademola Adetokunbo, and Ozumba Mbadiwe corridor --- benefits from the island's primary drainage infrastructure and road maintenance, which has been continuously managed as part of Lagos's commercial centre infrastructure. Smilebay Realties does not list properties in flood-prone areas. This plot on Ademola Adetokunbo Street, Victoria Island, was assessed against that standard before listing. It passed. The call to action 1,865sqm. Ademola Adetokunbo Street, Victoria Island. Mixed-use zoning. Deed of Assignment plus Global C of O. ₦4.5M per sqm. Total ₦8,392,500,000. The buyer for this plot is not forming their view of VI commercial corridor land for the first time. They are a developer with active construction capacity, a family office with a development mandate, or an institution deploying capital into a VI primary corridor land position whose development upside is supported by two decades of documented commercial demand on this specific street. One call. All documentation available for immediate solicitor review. Site visit arrangeable this week. Call or WhatsApp Smilebay Realties: +234 901 517 4801 Ademola Adetokunbo is the address. Mixed-use is the zoning. The title is clean at both instruments. This is the VI commercial corridor position. 1,865sqm Mixed-Use Bare Land Location: Ademola Adetokunbo Street, Victoria Island (VI), Lagos Price: ₦4,500,000 per sqm Total Acquisition: ₦8,392,500,000 Title: Deed of Assignment backed by Global Certificate of Occupancy Governor's Consent: Upgradeable post-purchase --- application supported by Global C of O foundation Zoning: Mixed-Use --- Commercial, Residential, Hotel, and Retail Development Permitted Condition: Bare Land --- No Demolition Required Flood-Free --- Confirmed by Smilebay Realties Pre-Listing Assessment Posted: July 10, 2026 NPC Comparable Context on Same Platform Today: 4,100sqm fenced VI land --- ₦6,000,000,000 (approximately ₦1,463,000/sqm) 1,865sqm VI land --- ₦6,000,000,000 (approximately ₦3,217,000/sqm) This listing: 1,865sqm Ademola Adetokunbo --- ₦4,500,000/sqm --- premium reflects commercial corridor address Listed by Smilebay Realties Limited --- Ref: 3565375