An exceptional opportunity to acquire 1,600sqm of 100% dry land in Old Ikoyi, one of Lagos' most prestigious and sought-after locations. This property is available as a bank sale at a competitive net asking price of ?2.7 million per sqm, presenting a substantial landholding for developers and investors seeking a strategic asset in Ikoyi.

The property is backed by a Perfected Legal Mortgage and offers a sizeable development footprint suitable for a premium project, subject to applicable planning and development approvals.

Property Details
Property Type: Prime Dry Land
Location: Old Ikoyi, Lagos
Land Size: 1,600sqm
Price: ?2,700,000 per sqm NET
Total Price: ?4.32 Billion
Title: Perfected Legal Mortgage
Sale Type: Bank Sale

Specification: 100% Dry Land

Property Highlights
Prime Old Ikoyi Location
Expansive 1,600sqm Land Size
100% Dry Land
Bank Sale Opportunity
Perfected Legal Mortgage
Competitive Net Asking Price
Excellent Development Footprint
Suitable for Premium Real Estate Development

Investment Highlights
This property offers investors the opportunity to secure a substantial landholding in Old Ikoyi through a bank sale, with a documented perfected legal mortgage and a fully dry site.

Its size and prime location provide flexibility for a premium development concept, subject to relevant planning, zoning, and development approvals.

Ideal For
Property Developers
Real Estate Investment Companies
Institutional Investors
High-Net-Worth Investors
Premium Residential Developers

Sale Price
?4.32 Billion NET
?2.7 Million Per Sqm NET

Land Size: 1,600sqm

Bank Sale | 100% Dry Land | Perfected Legal Mortgage