Land For Sale Victoria Island Lagos - 0
Land For Sale Victoria Island Lagos - 0
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For sale: Land For Sale

Victoria Island Lagos

1,500,000,000

Land For Sale Victoria Island Lagos

​REF: 8PATKV

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Property Detail

  • Property Type Land
  • Sqm 2.1K
  • Added 10 Jul 2023
  • Updated 30 Mar 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%

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