Land

Property Details Location: Off Idowu Taylor Street, Victoria Island, Lagos Property Type: Land Land Size: 2,088 SQM Title: Certificate of Occupancy (C of O) Price per SQM: ₦3,000,000 Transaction: For Sale Buyer's Fee: 5% Base Asking Price: ₦6,264,000,000 Zahari View This 2,088 SQM parcel of land is available for sale off Idowu Taylor Street, Victoria Island, Lagos, at an asking price of ₦3 million per SQM. With a substantial land area and a Certificate of Occupancy, the property may be relevant to developers, investors or corporate buyers considering a sizeable acquisition within Victoria Island. The location sits within an established commercial and residential district, making the property's potential use an important part of the assessment. Prospective buyers should establish the permitted land use, development density, building parameters, setbacks, parking requirements and applicable planning controls before determining the project's feasibility. The total acquisition cost should also account for the stated 5% buyer's fee and any other applicable transaction, legal, statutory or professional expenses. Property Highlights 2,088 SQM landholding. Located off Idowu Taylor Street, Victoria Island. Certificate of Occupancy. Asking price of ₦3 million per SQM. Base asking price of ₦6.264 billion. 5% buyer's fee. Substantial site suitable for consideration of residential, commercial or other permitted development, subject to planning approval. Located within an established Victoria Island property market. Why This Property Deserves Attention The 2,088 SQM land size provides a substantial development footprint for buyers considering a larger project in Victoria Island. The property's practical value, however, should be assessed against what can legally and commercially be developed on the site. For developers, important considerations include permitted use, site coverage, setbacks, density, building height, parking requirements, access and other planning conditions. The buyer should also calculate the complete acquisition cost rather than relying solely on the quoted price per SQM. Buyer's Perspective Before proceeding with the purchase, prospective buyers should verify: Exact land size and dimensions. Survey and boundary information. Certificate of Occupancy and its validity. Ownership and root of title. Exact location off Idowu Taylor Street. Permitted land use. Applicable planning regulations. Development density and site coverage. Building height restrictions. Setbacks and parking requirements. Access and infrastructure. Utility availability. Any existing encumbrances or restrictions. Buyer's fee and other transaction costs. Applicable statutory and professional fees. Investment Perspective At ₦3 million per SQM, the base asking price for the 2,088 SQM landholding is ₦6.264 billion, before the stated 5% buyer's fee and other applicable costs. The buyer's fee alone would amount to ₦313.2 million if calculated on the base asking price, bringing the acquisition to approximately ₦6.5772 billion before other applicable expenses. For a development project, the land cost should be evaluated alongside construction costs, professional fees, financing costs, planning and statutory charges, infrastructure requirements and other project expenses. The intended development should also be tested against prevailing market demand, achievable sales or rental values and the expected development timeline. Potential returns or future appreciation should not be assumed without appropriate market and financial analysis. Investor / Buyer Note For a landholding of this scale and value, the buyer should establish the development potential before making a final commitment. A professional planning assessment should determine the applicable development parameters, while legal due diligence should confirm the title, ownership and absence of material encumbrances. The full acquisition budget should include the stated 5% buyer's fee together with all applicable legal, statutory, professional and transaction costs. Documentation Prospective buyers should request and independently verify: Certificate of Occupancy. Survey Plan. Evidence of ownership. Root of title. Deed of Assignment or applicable transfer documentation. Applicable planning and development requirements. Evidence of relevant approvals where applicable. Any restrictions, covenants or encumbrances. Breakdown of buyer's fee and other transaction charges. Property Intelligence Beyond the Listing For a 2,088 SQM site in Victoria Island, the key assessment should connect land cost with actual development capacity. The quoted ₦3 million per SQM gives a base acquisition price of ₦6.264 billion, but the true acquisition cost is higher once the stated 5% buyer's fee and other expenses are considered. Before committing to the property, a developer should establish how much of the site can practically be developed after accounting for setbacks, parking, access, planning controls and other requirements. This provides a more meaningful basis for assessing the property's commercial viability than land size or price per SQM alone. Asking Price ₦3,000,000 per SQM Total Base Asking Price: ₦6,264,000,000 Buyer's Fee: 5% For Enquiries & Inspections +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information contained in this listing is based on the details provided and should be independently verified. Prospective buyers should confirm the land size, boundaries, ownership, title, exact location, permitted use, development parameters, buyer's fee, applicable charges and all transaction terms before proceeding with the purchase.