An exceptional Joint Venture development opportunity is available within one of Lagos’ most prestigious residential corridors. Strategically positioned on Adeleke Adedoyin Street, off Kofo Abayomi Road, Old Ikoyi, this premium development site offers investors and developers the rare chance to create a landmark luxury residential project in a highly sought-after location renowned for exclusivity, prestige, and strong capital appreciation.

Property Details

Land Size: 2,600sqm

Prime Residential Development Site

Suitable for Luxury Apartment Development

Located in a High-Value Residential Neighborhood

Excellent Accessibility and Infrastructure

Ideal for Premium Residential Investment

Development Proposal

Proposed Luxury Apartment Scheme

Owner's Allocation – 17 Units

2-Bedroom Apartments – 8 Units

3-Bedroom Apartments – 8 Units

Penthouse – 1 Unit

Developer's Allocation – 21 Units

Unit Mix: Developer's Preference

Special Requirement

Two (2) of the Owner's allocated 2-Bedroom Units are to be merged and converted into a Maisonette occupying the 1st and 2nd Floors.

Location

Situated on Adeleke Adedoyin Street, off Kofo Abayomi Road, in the heart of Ikoyi, this development site enjoys proximity to major corporate headquarters, diplomatic missions, luxury residences, premium retail destinations, international schools, healthcare facilities, and high-net-worth residential communities.

Title Documentation

Land Certificate

Financial Details

Premium: ₦300,000,000 (Slightly Negotiable)

Land Value: ₦2.5 Million Per Square Metre

Facilitator's Fee: 5%

Investment Highlights

Prime Old Ikoyi Address

Premium Residential Development Corridor

Strong Demand for Luxury Apartments

Flexible Developer Unit Mix

Significant Capital Appreciation Potential

Attractive Joint Venture Structure

Excellent Access to Ikoyi and Victoria Island Business Districts

Ideal for High-End Residential Development

Clear Development Framework Already Established

This is a rare opportunity to participate in a high-value luxury residential development within one of Lagos’ most prestigious neighborhoods. With its strategic location, attractive allocation structure, and strong market demand for premium residences, the project offers substantial upside for developers seeking a landmark presence in the luxury real estate market of Ikoyi.