4000sqm Joint Venture Land, Banana Island Ikoyi Lagos

4000sqm Joint Venture Land, Banana Island Ikoyi Lagos - 1
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Price Analysis Great Deal

Based on 1706 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy
Address
Banana Island Ikoyi lagos
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
4,000 sqm
Type of Purchase
per Sqm
Development Status
Fully Developed

4000sqm Joint Venture Land, Banana Island Ikoyi Lagos Highlights

  • Prime Banana Island Location: Banana Island is a prestigious, man-made island in Ikoyi, Lagos, known for its exclusivity and high-value real estate. It offers a serene environment with excellent infrastructure and security.
  • Generous Land Size: A substantial land area of 4000 square meters provides ample space for development. This size is suitable for constructing large residential properties, multiple units, or expansive estates.
  • Established Utilities Infrastructure: Properties in this area typically benefit from established connections to essential utilities. This includes reliable water supply, electricity, and gas, crucial for comfortable living and development.
  • Secure and Exclusive Neighborhood: Banana Island is renowned for its high level of security and controlled access. It is a sought-after address for those seeking privacy and a premium living experience.
  • Ready for Development: The land is situated in a fully developed area, meaning surrounding infrastructure is in place. This often simplifies the planning and construction process for new projects.

Description

• Prime 4,000 sqm plot in prestigious Banana Island, Ikoyi, Lagos, designated for Joint Venture development. • Proposal includes a mix of maisonettes and apartments, offering diverse housing options. • Land value assessed at ₦4.5 million per sqm, with a total land value of ₦18 billion. • Facilitators' fees are set at 10% of the total project value. • Developer must be experienced with proven funds, and the sharing ratio is to be determined. • Owner requires a building on 1,000 sqm for personal use, with the remaining 3,000 sqm for a high-rise block of flats/maisonettes. • Access via paved road within Banana Island Estate, offering excellent connectivity. • Utilities such as electric supply, water supply, gas supply, and car parking are available.

Compare

4000sqm Joint Venture Land, Banana Island Ikoyi LagosThis item
4000sqm Joint Venture Land, Banana Island Ikoyi Lagos
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TypeResidential LandResidential LandMixed-use Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply—Domestic Sewage
TitleCertificate of OccupancyRight of OccupancySale Agreement
AddressBanana Island Ikoyi lagosNovavista ,before navy estateIgbesa ejila awori ogun State
Agent Fee₦ 10—₦ 50,000
Listing byAgentOwnerAgent
Access RoadPaved Road—Unpaved Road
Property UseResidentialResidentialMixed
Square meters4,000 sqm200 sqm120 sqm
Type of Purchaseper SqmOutright Priceper Plot
Development StatusFully Developed—Partially Developed
Price₦ 4,500,000₦ 3,400,000₦ 5,000,000

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