2,929sqm Joint Venture Land, Gerard Rd Ikoyi, Lagos

2,929sqm Joint Venture Land, Gerard Rd Ikoyi, Lagos - 1
1 / 2

Price Analysis Great Deal

Based on 1375 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy
Address
Gerald Roof ikoyi
Agent Fee
₦ 10
Facilities
Car Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
Listing by
Agent
Access Road
Paved Road
Property Use
Residential
Square meters
2,929 sqm
Type of Purchase
per Sqm
Development Status
Fully Developed

2,929sqm Joint Venture Land, Gerard Rd Ikoyi, Lagos Highlights

  • Prime Ikoyi Location: Ikoyi is a highly sought-after residential and commercial district in Lagos, known for its upscale environment and proximity to key business hubs. Properties here often benefit from good infrastructure and a prestigious address.
  • Generous Land Size: A plot of 2,929 square meters offers substantial space. This size is suitable for developing multiple residential units, a large family home, or a commercial property, depending on zoning regulations.
  • Established Utilities: Properties in developed areas typically have access to essential utilities such as electricity, water supply, and gas. These services are crucial for comfortable living and operational efficiency.
  • Paved Access Roads: Good access is vital for any property. Paved roads ensure ease of movement for residents, visitors, and deliveries, and often indicate a well-maintained neighborhood.
  • Certificate of Occupancy (C of O): A Certificate of Occupancy is a significant land title document in Nigeria. It confirms the right of occupancy and use of the land, providing legal security for the owner.

Description

• Prime 2,929 sqm joint venture land opportunity on Gerard Road, Ikoyi, Lagos. • Ideal for a high-rise 20-floor mixed-use development. • Land value assessed at ₦3.8 million per sqm. • Open proposal for development, with realistic projections for 3-bedroom maisonettes or 4-bedroom apartments with BQ on 5-6 floors. • Proposed 50/50 sharing arrangement, landowner requires a minimum of 5 individual units. • Facilitator's fee of 10% is non-negotiable. • Strict requirement for premium build quality from design to finishing; no standard units accepted. • Potential unit sale price estimated between ₦750 million to ₦850 million.

Compare

2,929sqm Joint Venture Land, Gerard Rd Ikoyi, LagosThis item
2,929sqm Joint Venture Land, Gerard Rd Ikoyi, Lagos
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TypeResidential LandResidential LandResidential Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water SupplyCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply—
TitleCertificate of OccupancyCertificate of OccupancyCertificate of Occupancy
AddressGerald Roof ikoyiOsborne phase 1 Ikoyi LagosOff 3rd Avenue Banana Island Ikoyi lagos
Agent Fee₦ 10₦ 10—
Listing byAgentAgentAgent
Access RoadPaved RoadPaved RoadPaved Road
Property UseResidentialResidentialResidential
Square meters2,929 sqm5,000 sqm1,283 sqm
Type of Purchaseper Sqmper Sqmper Sqm
Development StatusFully DevelopedFully DevelopedFully Developed
Price₦ 5,000,000₦ 4,200,000₦ 6,000,000

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