About this property
Joint Venture Opportunity | Ademola Adetokunbo Road, Victoria Island, Lagos
A rare 1,044.95sqm land parcel located directly on Ademola Adetokunbo Road in core Victoria Island, suitable for a high-end residential, serviced apartment, or Grade A mixed-use development.
The property is covered by a Federal Certificate of Occupancy and comprises Plot 717A, Victoria Island Development Scheme. An existing old structure is on site and can be demolished for redevelopment.
The proposed development is suitable for a 7–10 storey project, with a stated potential Gross Development Value (GDV) of ₦20 billion+, subject to design, approvals, market conditions and development feasibility.
Deal Structure:
Land Size: 1,044.95 sqm
Land Value: ₦4,000,000,000
Premium: ₦300,000,000
Facilitators Fee: ₦400,000,000
Title: Federal C of O
Plot: 717A, Victoria Island Development Scheme
JV Structure: 50/50 Profit & Unit Sharing
Mandate: Semi-Direct
Existing Structure: Yes – demolition/redevelopment
Location: Ademola Adetokunbo Road, Victoria Island, Lagos
Interested developers are required to provide an LOI, facilitators' fee letter, company profile and proof of funds to proceed with inspection and further discussions with the mandate.
Property listed 01/10/2026
Property address
Plot 717A, Ademola Adetokunbo Road, Victoria Island, Lagos, Nigeria
