Joint Venture: 2200 Square Meters Land, Idowu Martins, Victoria Island (VI), Lagos (Ref: 372750)

2200 Square Meters Land

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It may now be rented/sold, under offer or temporarily withdrawn from the market.

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Property Description

DIRECT VICTORIA ISLAND JOINT VENTURE:

The land parcel is on Idowu Martins not far from Mega Plaza.

Size : 2700 sqm
C of O available
No planning / nor loan issue.

Land Value: N1.2B


Mixed use property.

PROPOSAL:
10 floors (minimum) - 12 floors preferred to mitigate risk on ROI although we can go up to 15 floors
1 bed, 2 bed and 3 bed flat mixture is desired.

Facilitators fee;10℅

She proposes a twin tower design, the first and second floor should accommodate the garage and commercial real estate space ie Office spaces

Usual features: gym, swimming pool, meditation room, restaurant space, sauna etc

30 months deadline for construction. But would like a situation where there's a quicker construction cycle the could reduce that timeline and not compromise on quality.


Property Details

Property Ref: 372750Last Updated: 19 Dec 2019Market Status: Not Available
Type: Mixed-use LandCovered Area: 2,700 sqm   

Interesting Facts

You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.

Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.

Leisure and Shopping

Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.

Popular Estates

1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.

1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.

There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.

Day Life

Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.

Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.

Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.  

Night Life

In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.

If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.

Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.

At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.

Schools

If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).

Read the full area guide for Victoria Island (VI), Lagos.

Interested in this property?

Call 0803 XXXX Show Phone
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