Off Adeola Odeku, Victoria Island (VI), Lagos
**direct listing offering additional / supplementary 0.5% bonus to buyers closing agents within 90 days of listing** prime and best mixed use residential and commercial property in the heart of victoria island, lagos. this property has established itself as a pinnacle prime valued mixed use property with a very high residual land value, meaning future highest and best use development will command the top tier equity in leasable or resale space per square meter within the best of the heart of the vi market. quick property facts: location value: 1) intersection of 2 of the most prominent commercial main streets in vi ensuring market conversion of the commercial business oppprtunities (via business traffic) will be highest. 2) location bonus is that while at a high visible commercial intersection, it enjoys an off street interior location that also provides a tranquility for the residential portions of the mixed use space that also allows an intimate environment for focused business within the all encompassing property. -1305 square meter land space - lagos state land certificate - 50 years remaining on lagos state land lease - 1150sqm building leaseable covered floor space - existing two story 6 bedroom house, two, 2 bedroom flats - 2 event halls of 340sqm and 140 sqm, respectively - boys quarters highest & best value plays include: 1. immediate development of highest & best use, high rise residential or mixed use high rise residential office development with parking structure for a residual land value of 3.5b and after development value of 15.75b with annualized cash on cash of 64.9% and internal rate of return of 25% with completion by end of 2026 or 2. renovate for short term cash-flow of existing mixed use residential/ hotel/ shortlet and event space to ride the upward market cycle then future highest and best mixed use high rise development for optimum after development resale/lease value *please note, we don't send pictures out nor seek new listings. viewing appointments accompanied only with prospective buyer will be given. * buyer pays buyer agent fees *seller agent side is closed * buyer offers will require proof of funds for offer acceptance thanks for your interest. best regar...
More details
Address
22 Akin Adesola Street, Victoria Island, Lagos, Nigeria
Phone
08058018218, 08058018218
Whatsapp
08058018218
A verified agent has provided additional evidence of their identity to Nigeria Property Centre. Verification increases the overall security of the Nigeria Property Centre website because most property seekers prefer to do business with Verified agents.
To Verify an agent, we request the following document from the agent:
Verification helps increase trust and safety in our community. Property seekers can feel more confident doing business with Verified agents, who are more likely to be legitimate and trustworthy.
To become Verified, an agent on Nigeria Property Centre must provide us with their incorporation certificate and a utility bill, office premises letting contract or most recent tax clearance. Because these institutions are required to screen people, Nigeria Property Centre's verification process increases security when dealing with parties you do not know. Please note that Nigeria Property Centre's verification system does not constitute an endorsement of an agent, nor a guarantee of the agents's business practices. You should always consider other indicators when evaluating agents.