600 Sqm Of Land

FAVOURITE PROPERTIES LTD -- DIRECT MANDATE
1 Plot of Land Harris Drive (Behind VGC), Lekki
Architectural Drawings Ready (Fully Detached & Semi-Detached)
₦265 Million Asking Price Owner Motivated -- Needs Quick Sale

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Property Overview

- Location: Harris Drive, behind Victoria Garden City (VGC), Lekki, Lagos.
- Land Size: 1 Standard Plot (approx. 600--650 SQM -- to be confirmed).
- Title: To be verified (typical for this corridor: C of O or Governor's Consent).
- Asking Price: ₦265,000,000.
- Price per SQM: Approx. ₦407,000--₦440,000 (based on estimated plot size).
- Status: Bare land with architectural drawings completed and approved for development.
- Unique Advantage: Owner has already commissioned drawings for both fully detached and semi-detached configurations -- saving buyer significant design time and cost.

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Key Highlights

- Prime VGC-Adjacent Location: Harris Drive is a prestigious residential corridor directly behind VGC, offering the prestige of VGC adjacency at a more accessible price point.
- Drawings Ready to Build: Architectural plans for both fully detached and semi-detached options are completed -- buyer can commence construction immediately or use as baseline for customization.
- Motivated Seller: Owner needs funds urgently -- creating negotiation opportunity for serious buyers.
- Strong Residential Demand: This micro-location attracts high-net-worth individuals seeking quiet, secure living close to VGC amenities and Lekki conveniences.
- Flexible Development: Option to build one landmark detached home or two semi-detached units (for extended family or rental income).

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️ Development Potential -- Two Options

Option A: Fully Detached Mansion

- Single luxury family home with generous setbacks, garden, pool.
- Ideal for owner-occupier seeking VGC-adjacent prestige.

Option B: Semi-Detached Pair

- Two high-end units -- perfect for:
- Extended family living with privacy.
- One to live, one to rent (mortgage support).
- Complete sale of both units for profit.

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Market Context

- Per SQM Estimate: At ₦265M for approx. 600--650 SQM, this lands at ₦407,000--₦440,000/SQM -- competitive for Harris Drive, where titled plots typically range from ₦400,000--₦500,000/SQM.
- Drawing Value Add: Architectural services represent ₦3M--₦5M in saved costs and 3--6 months of design time.
- Comparable Context: Recent Harris Drive land sales with similar title strength have closed between ₦250M--₦300M depending on exact location and size.

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Ideal For: Homebuilders seeking a ready-to-go project with designs completed; developers looking for a quick-start opportunity; investors wanting VGC-adjacent exposure at reasonable entry.

A plot with plans -- just add builder. Owner ready to deal.