4,800sqm
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Property Description
JV Available In Old Ikoyi
Location: Off Alexander Road, Old Ikoyi
Land Size: 4,800 sqm Prime Old Ikoyi
Title: Federal C of O 99 Years Unexpired Best Title
Land Value: N20BN N4.17M/sqm
Premium: N0 Zero Premium
Sharing: 40:60 Owner 40% Developer 60%
Proposal:!Luxurious 10-Floor Twin Towers
Facilitator Fee:!10% = N2BN
OWNER'S TERMS
- Wants Reputable Construction Firm --- Track record in Ikoyi/V.I/Banana required
- No Premium --- Owner trades premium for speed + quality dev
99yr Fed C of O --- Cleanest title. -!Fast approval, bank finance ready
Why This Deal:
- Off Alexander Rd --- Old Ikoyi's billionaire row. Neighbors: Dangote, Otedola
- 4,800sqm + No Premium --- Last big site in Old Ikoyi. N4.17M/sqm is entry price
- 60% to Developer --- Unusual. Owner wants legacy project, not max profit
- Twin Towers 10 Floors --- Build - 50-60 luxury units. Old Ikoyi = - N1.5BN-N2.5BN per unit
Project Angle:
- Build: 10-Floor Twin Towers 4/5-Bed Luxury Flats + Penthouses
- Old Ikoyi Comps: N1.8BN-N2.8BN per unit
- GDV Potential: N90BN-N140BN Dev's 60% = N54BN-N84BN
MANDATORY:
Reputable firms only. Evidence of POF + 10-floor+ projects delivered in Lagos required. Owner will verify capacity.
Property Details
| Property Ref: 3470770 | Last Updated: 08 May 2026 | Market Status: Available |
| Type: Land |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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