This agent is currently not reachable. Contact the agents below for similar properties. Contact Agents

For sale: Land For Sale

Victoria Island Lagos

₦ 1,500,000,000

Land For Sale Victoria Island Lagos

Safety Tips

Do not make any upfront payment as inspection fee or upfront payment for rent before seeing this property or seeing the agent you contacted physically. PrivateProperty.com.ng is not liable for monetary transactions between you and the agents.
The contact agent on properties listed on PrivateProperty.com.ng does not represent PrivateProperty.com.ng. PrivateProperty.com.ng will not mandate agents to ask for fees upfront.

Property Type Land
Sqm 2.1K
Added 10 Jul 2023

Updated 18 Apr 2024

Description

Land For Sale Victoria Island Lagos selling for ₦1,500,000,000. See property details on PrivateProperty.com.ng or browse all our range of properties in Victoria Island Victoria Island Lagos

*Land For Sale*

Land Size: 2100 Square Metres

Features:
- *Government Approval For 15 Storey Building of 60 Units of Luxury 3 Bedroom Apartments + BQ*

- All Piling Done in Accordance with the Soil Test Result and Qualified and Competent Engineering Calculations and Analysis.
- Industrial Borehole Completed.
- Plain and Well Sand Filled Land
- Good Location, Close to the SilverBird Galeria, Off Ahmadu Bello Way, Vi, Lagos.

- Titled: Governor's Consent

Asking Price #1.5billion.

*+++INVESTMENT OPTIONS++++*
a.) Buy as is and Implement Design and Build
b.) *Buy Land as is and We can Facilitate a Joint Venture Between Buyer and Developers*

PROFITABILITY ANALYSIS
(According to Good Professional Estimates)
15 Floors producing 60 units.

- Cost of Construction (Including Cost of Land): 100M per Unit
- Selling Price Per Unit: Between 200M to 280M per Unit

- Profit Per Unit: Between 100M to 180M per Unit:

Profitability Ratio: 150% to 250%

This agent is currently not reachable. Contact the agents below for similar properties. Contact Agents