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Property Description
Premium Joint Venture Development Opportunity in Oniru, Victoria Island
4,841 SQM Coastal Road & Water View Land Value: ₦7 Billion Seeking High-Profile Developer
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Property Overview
- Location: Oniru, Victoria Island, Lagos
- Land Size: 4,841 SQM
- Land Value: ₦7,000,000,000
- Title: Full documentation available (C of O)
- View: Coastal road frontage with water views
- JV Structure: Landowner provides land; Developer funds and delivers project
- Facilitator's Fee: 10% (upon successful deal closure)
- Premium: None
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Key Highlights
- Prime Oniru Waterfront Location -- Unobstructed views & high-visibility coastal exposure
- Large-Scale Development Canvas -- 4,841 SQM ideal for iconic high-rise or mixed-use landmark
- No Premium Required -- Straightforward JV terms; land value contributed as equity
- Dual Views -- Faces coastal road and water, maximizing unit value and market appeal
- High-Profile Opportunity -- Designed for renowned developers with strong financial & delivery capacity
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️ Development Proposal
- Option A: Luxury High-Rise Residential Tower
- Option B: Mixed-Use Complex (Retail, Office, Residences)
- Option C: Five-Star Hotel & Serviced Apartments
- Option D: Ultra-Premium Office Headquarters
- Design Flexibility: Open to visionary architectural concepts
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Location Benefits
- Oniru Coastal Corridor -- One of VI's most prestigious and fast-appreciating addresses
- Proximity to Access Bank HQ, Eko Atlantic, and key commercial hubs
- Excellent connectivity to Lekki-Ikoyi Link Bridge, Ahmadu Bello Way, and Ozumba Mbadiwe
- High-profile neighborhood with growing luxury residential and corporate demand
- Secure and well-serviced environment with existing infrastructure
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Joint Venture Structure
- Landowner's Contribution: Land valued at ₦7 Billion (title-backed)
- Developer's Contribution: Full development funding, project management, construction, and marketing
- Profit Sharing: To be negotiated based on equity structure and agreed terms
- Facilitator's Fee: 10% payable by landowner upon successful JV closure
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Ideal Partner Profile
- Established real estate development company with a strong portfolio in high-rise/luxury projects
- Proven financial capability to fund and deliver a landmark development
- Strong brand reputation and experience in premium markets (VI, Ikoyi, Lekki)
- Ability to move quickly and professionally through due diligence and agreement phases
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Next Steps for Qualified Developers
- Submit company profile, track record, and financial capacity
- Site inspection and title review
- Preliminary development proposal and equity structure discussion
- Formal JV negotiation and agreement drafting
This is a call to top-tier developers only. If you have the capacity, reputation, and vision to deliver a landmark project in Oniru, we invite you to engage.
Reply with credentials to proceed.
Property Details
| Property Ref: 3243209 | Last Updated: 08 Dec 2025 | Market Status: Available |
| Type: Residential Land | Covered Area: 4,841 sqm |
Interesting Facts
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.
Leisure and Shopping
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.
Popular Estates
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.
Day Life
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.
Night Life
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.
Schools
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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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 4 months ago
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