For sale

700sqm Land on Banana Island, Ikoyi

Banana Island, Ikoyi, Lagos

₦4,500,000,000

Land

Unspecified

About this property

Situated on Banana Island, Ikoyi, this 700sqm piece of land offers a unique blend of waterfront charm and urban convenience. The property comes with a Lagos C of O, a jetty, building approval, and a solid foundation, making it an ideal foundation for a high-rise apartment or other significant development. Its location on a 1,998sqm corner piece of Abuja Street provides a strategic advantage, with a prime zone (P) designation. The land is marked by a mix of uses and an original layout, ensuring a rich history and potential for creative planning. Compared to nearby plots, this land stands out. A 1,200sqm plot in the same area commands a price of 6 million per square meter, while a 1,300sqm plot also goes for 6 million per square meter. In contrast, this 700sqm land is significantly more affordable, offering a better value proposition at 4.5 million per square meter. The current asking price of N4.5 billion reflects the excellent deal it presents, especially considering the jetty and building approval included. The indoor comfort of this land is unparalleled, thanks to its strategic zoning and prime location. The open spaces and potential for development provide a comfortable and functional environment, whether you envision a sprawling residential complex or a high-end apartment building. The surrounding estate, with its residential area and second avenue designation, ensures a peaceful yet vibrant setting. The jetty adds a unique amenity, enhancing the overall appeal and accessibility of the property.