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FOR SALE --- FULL VIDEO AVAILABLE
Location: Walter Carrington Street, Victoria Island, Lagos
Size: 8,000 sqm (approx. 1.98 acres)
Price: US$20,000,000 (Twenty Million US Dollars)
Title: Land Certificate ---
Overview
An extraordinary development opportunity in one of Lagos's most prestigious precincts. This substantial, securely positioned 8,000 sqm site on Walter Carrington Street --- formerly occupied by an embassy --- now comes to market. The property's legacy use, strategic frontage and central Victoria Island address make it ideal for high-end commercial, diplomatic, hospitality or mixed‑use redevelopment.
Why this site is exceptional
- Prime Victoria Island address: Walter Carrington Street is synonymous with prestige, proximity to major corporate, financial and diplomatic nodes, and excellent access to Lagos' central business corridors.
- Former embassy site: existing history of high security, privacy and status --- a significant advantage for institutional, diplomatic or premium residential uses.
- Generous landholding: 8,000 sqm provides scale for flagship developments --- luxury apartments, boutique hotel, corporate headquarters, embassy complex or an integrated mixed‑use project.
- Strategic connectivity: immediate access to business districts, waterfront amenity, key road networks and major commercial services.
- Strong capital appreciation: land of this size and calibre in Victoria Island is extremely scarce and highly sought after by developers and institutional investors.
Ideal redevelopment opportunities
- Diplomatic mission / consulate or secure institutional campus
- Luxury residential towers or gated villa estate with high-end amenities
- Five-star or boutique hotel with conference and leisure facilities
- Corporate headquarters or financial services campus
- Mixed‑use development combining retail, office and premium residential components
Title & transaction readiness
- Title: Land Certificate --- clear ownership evidence; full documentation available for qualified buyers.
- Due diligence: professional verification, site surveys and transaction due‑diligence pack available on request.
- Planning: ideal for developers experienced in premium urban projects; necessary approvals and consents to be handled by buyer/developer as required.
Sale terms & next steps
- Asking price: US$20,000,000. Serious, qualified buyers and institutional investors only.
- Site inspections, document review and meetings available by appointment.
- Proof of funds and confidentiality undertaking required for access to full documentation.
Opportunity brief
This is a once-in-a-cycle chance to acquire a landmark Victoria Island holding with unmatched development flexibility and prestige. For further information, to request the due-diligence pack or to schedule a private viewing, please contact us to proceed.
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| Property Ref: 3351269 | Added On: 19 Feb 2026 | Last Updated: 19 Feb 2026 |
| Market Status: Available | Type: Residential Land | Total Area: 8,000 sqm |
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.
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.
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.
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.
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.
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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