Key details

Address

Gafar Animasuen

Condition

Fairly Used

Furnishing

Furnished

Property Type

Open Space

Square meters

995 sqm

Parking Spaces

10+

995sqm Joint Venture Land for Block of Flats, Victoria Island Highlights

• Prime Victoria Island Location — Victoria Island is a major commercial and financial hub in Lagos, known for its high-value real estate and accessibility. Properties here benefit from proximity to businesses, government offices, and upscale residential areas.
• Generous Square Meterage — A large land area provides ample space for development or expansion. This size is suitable for various commercial ventures, including office complexes, retail centers, or mixed-use developments.
• Significant Parking Capacity — A high number of parking spaces is crucial for commercial properties, especially in busy areas like Victoria Island. This ensures convenience for employees, clients, and visitors.
• Open Space Potential — An open space property offers maximum flexibility for design and construction. It allows for custom-built solutions tailored to specific business needs and market demands.
• Furnished Property — A furnished property can reduce immediate setup costs and time. This often includes basic fittings and fixtures that can be adapted or upgraded as needed.
• Fairly Used Condition — A 'fairly used' property indicates it has been previously occupied or utilized. This often means existing infrastructure is in place, though potential buyers should assess its current state for any necessary renovations.

Description

• 995sqm plot located in Gafari Animashaun, Victoria Island, suitable for a block of flats development. • Land value assessed at NGN 2.5 billion. • Proposed sharing ratio: 55% in favor of the developer, 45% for the landowner. • Premium asking price applies. • Facilitators' fee: 8% of the land value. • Ideal for developers seeking prime real estate opportunities in a sought-after commercial district.

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