Key details

Type

Residential Land

Title

Deed of Assignment, Deed of Conveyance, Governor's Consent, Right of Occupancy, Sale Agreement

Address

Joint Venture 1044 at Vi Adetokunbo Ademola

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

1,044 sqm

Development Status

Fully Developed

Joint Venture Land for Development, Victoria Island Highlights

• Prime Victoria Island Location — Victoria Island is a major commercial and residential hub in Lagos, known for its upscale environment and accessibility. Properties here are often sought after for their prestige and investment potential.
• Residential Land Plot — This is a plot of land designated for residential development. Such plots offer the opportunity to build a custom home or investment property according to specific needs and designs.
• Established Utilities — The area is typically equipped with essential utilities such as water supply, electric supply, and gas supply, crucial for comfortable living and development.
• Paved Access Road — Access to the property is via a paved road, ensuring ease of transportation and accessibility for vehicles and residents. This also contributes to the overall infrastructure quality of the neighborhood.
• Developed Infrastructure — The mention of 'Fully Developed' suggests that the surrounding infrastructure, including drainage systems, is in place, making it ready for construction or immediate use.

Description

• Prime 1044.95sqm land with Federal Certificate of Occupancy on Ademola Adetokunbo Road, Victoria Island. • Ideal for 7-10 storey luxury residential, serviced apartments, or Grade A mixed-use development. • Located in core VI, this is a rare opportunity for a plot of this size with C of O. • Old structure on site, ready for demolition. 100% dry land. • Joint Venture structure: 50/50 profit and unit sharing. • Land value: ₦4,000,000,000. Premium: ₦300,000,000. Facilitator's Fee: ₦400,000,000. • Bankable title with Federal C of O.

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