700 SQM Land

Property Details Location: Oko-Awo Street, Victoria Island, Lagos Property Type: Land Land Size: 700 SQM Price: ₦2.2 Billion Transaction: Sale Title: Lagos State Certificate of Occupancy (C of O) Zahari View This 700 SQM landholding on Oko-Awo Street, Victoria Island, offers buyers an opportunity to acquire a comparatively compact development site within one of Lagos's established central districts. Victoria Island's mix of residential, commercial and business activity makes land-use considerations particularly important when assessing a site in the area. For prospective buyers, the assessment should go beyond the location and stated title. Particular attention should be given to the permitted land use, development parameters, access, surrounding properties, planning requirements and applicable restrictions before acquisition. Property Highlights 700 SQM landholding Located on Oko-Awo Street, Victoria Island Central Lagos location Lagos State C of O Suitable for assessment as a development site Residential and commercial environment Asking price: ₦2.2 Billion Why This Property Deserves Attention The 700 SQM land size provides a relatively compact development footprint within Victoria Island. For prospective developers, the site's dimensions, access and surrounding development pattern will be important in determining what can practically be achieved on the property. Its position within Victoria Island also places the property within a district where residential, commercial and mixed-use developments can be found. However, buyers should not assume that a particular development use is automatically permitted based solely on the location. The property's Lagos State C of O should also be independently verified alongside the survey, ownership records and applicable planning information. Buyer's Perspective Before purchasing, prospective buyers should request detailed information about: Exact land boundaries and survey details Permitted land use Applicable development parameters Building height restrictions where applicable Setback requirements Plot coverage and density requirements Road access Existing infrastructure Drainage and environmental considerations Neighbouring developments Planning approvals required for the intended development Title and ownership documentation Any existing encumbrances or restrictions These details can help establish the practical development potential of the site before acquisition. Investment Perspective For an investment-focused purchaser, the assessment should include the ₦2.2 billion acquisition price, potential development use, construction economics, planning requirements, surrounding property activity and the intended holding or development strategy. The value proposition of the land should be considered in relation to what can actually be developed on the site, rather than relying solely on the Victoria Island address. Prospective investors should therefore establish the permitted use and development parameters before modelling potential returns. Investor / Buyer Note Serious buyers should conduct independent due diligence covering: Verification of the Lagos State C of O Ownership verification Survey plan and land boundaries Physical inspection of the site Permitted land use Development density Setback requirements Building height limitations Access and road frontage Drainage and infrastructure Environmental considerations Existing encumbrances Planning and development approvals Applicable government requirements Feasibility of the proposed development A professional survey and legal review are strongly recommended before proceeding with the acquisition. Documentation The stated Lagos State Certificate of Occupancy (C of O) should be made available for independent verification by serious prospective buyers. Buyers should engage appropriate legal, surveying and planning professionals to verify the title, boundaries, development parameters and any restrictions affecting the property before completing the transaction. Property Intelligence Beyond the Listing At Zahari Properties, we believe land acquisition should be evaluated based on what the site can legally and practically support, not simply its location. For this 700 SQM property on Oko-Awo Street, the central question for a prospective developer is how the site's size, access, permitted use, planning controls and surrounding development environment work together. The buyer should therefore confirm the applicable planning and development parameters before committing capital. Understanding these factors early can help determine whether the site aligns with the intended development strategy. Asking Price ₦2.2 Billion For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Land size, title, ownership, boundaries, permitted land use, development parameters, planning requirements and other property information should be independently verified by the prospective buyer before making an offer or completing a transaction.