1,427 Sqm Semi-detached Ligali Ayorinde Street, Victoria Island, Lagos

Prime Semi-Detached Corner Property For Sale in Victoria Island, Lagos
Two (2) Buildings on 1,427 SQM Off Ligali Ayorinde Street ₦2M per SQM Total: ~₦2.854 Billion

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Property Overview

- Location: Off Ligali Ayorinde Street, Victoria Island, Lagos
- Property: Two (2) semi-detached corner piece buildings
- Total Land Size: Approximately 1,427 SQM
- Price per SQM: ₦2,000,000
- Total Asking Price: Approximately ₦2.854 Billion (1,427 SQM x ₦2M)
- Title: To be verified (C of O or Governor's Consent expected for VI)
- Status: Existing structures in a serene location; offers redevelopment or renovation potential

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Key Highlights

- Premium Victoria Island Address -- A serene location off Ligali Ayorinde Street places it in the heart of one of Lagos's most exclusive and secure business and residential districts.
- Corner Piece Advantage -- The corner position typically offers better ventilation, more natural light, enhanced privacy, and greater architectural design flexibility.
- Existing Income-Generating Assets -- The two semi-detached buildings can provide immediate rental income or be used by the owner while planning for future redevelopment.
- Substantial Land Bank -- At over 1,400 SQM, the parcel holds significant value in land-scarce Victoria Island and offers potential for a future landmark development.

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️ Development & Usage Potential

- Immediate Use: Occupy or rent out the existing semi-detached buildings.
- Renovation & Upgrade: Modernize the current structures to luxury standards.
- Redevelopment: Demolish and rebuild a bespoke residential estate, corporate headquarters, boutique apartment complex, or mixed-use development (subject to planning approvals).
- Strategic Holding: Retain as a high-value asset in a guaranteed appreciation corridor.

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Location Benefits

- Victoria Island Prestige -- The epicenter of corporate, diplomatic, and luxury lifestyle activity in Lagos.
- Serene yet Central -- Positioned off a main street, offering a quiet environment while being minutes from major offices, banks, hotels (Eko Hotel, Federal Palace), and embassies.
- Excellent Infrastructure -- Benefits from the best road networks, security, and utilities available in Lagos.
- Unmatched Connectivity -- Easy access to Ikoyi, Lekki Phase 1, and the Marina.

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Investment Value

- Asking Price: ~₦2.854 Billion (based on ₦2M/SQM)
- Price per SQM: ₦2,000,000
- Market Context: The asking price of ₦2 million per SQM is within the competitive range for titled land or existing properties in central Victoria Island, reflecting the location's premium status.
- Value Proposition: The offer combines the immediate utility of existing buildings with the long-term, scarcity-driven land value appreciation intrinsic to Victoria Island.

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Sale Opportunity

This offering represents a rare chance to acquire a substantial, titled corner property with existing structures in core Victoria Island. It is suitable for an end-user, a developer with a vision, or an institution seeking a strategic holding in a prime location.

Ideal For:

- High-Net-Worth Individuals or Families
- Real Estate Development Companies
- Corporate Organizations
- Institutional Investors and Portfolio Managers

Critical Next Steps:

- Title Verification: Confirm the authenticity of the land title (C of O/Governor's Consent) at the Lagos State Lands Bureau.
- Structural Survey: Assess the condition of the existing buildings to inform renovation or redevelopment plans and costs.
- Due Diligence: Engage a lawyer to conduct a full land search and verify all documentation.
- Site Inspection: Personally visit to assess the serenity, accessibility, and full scope of the property.

A substantial corner property in the serene heart of Victoria Island --- offering both present utility and future potential.