Prime Mixed Use Land

Property Ref : 3600591

Mixed-use land for sale

Ajose Adeogun, Victoria Island (VI), Lagos

₦3,400,000,000 per plot

Features

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There is a category of Victoria Island land that almost never makes it to a clean listing --- a parcel on a genuinely prime street, with a title clean enough to act on immediately, and an existing structure already positioned for demolition rather than requiring the buyer to negotiate a tenant or occupant off the land first.

Ajose Adeogun Street is not a developing corridor. It's an established one --- the same street as Zenith Bank's headquarters, inside VI's core commercial and residential belt. Land here doesn't sit unsold for long, and when it does trade, the pricing tells a very specific story about title strength, structure status, and exact position on the street.

This listing is 1,150sqm, off Ajose Adeogun, behind Zenith Bank HQ. C of O with over 60 years remaining. A demolishable structure already on the land --- meaning a buyer isn't negotiating a tenant out or waiting on a vacant possession date. It's ready to clear and build.

THE AGITATION

Here is what's actually trading on this exact street right now.

A near-identical parcel --- 1,150sqm, also off Ajose Adeogun, also behind Zenith Bank HQ, also with an old detached structure on it and a C of O --- is listed at 3,500,000,000, or roughly 3,043,000/sqm. A 1,125sqm parcel on the same corridor, C of O, positioned for office, hotel, or restaurant conversion, is priced at 3,100,000,000 net --- approximately 2,756,000/sqm. Bare land without any structure on the same street --- 1,018sqm, C of O --- trades lower, around 1,850,000,000, or 1,817,000/sqm, reflecting the absence of an existing structure to demolish and clear.

This listing --- 1,150sqm, 3,400,000,000, working out to approximately 2,957,000/sqm --- sits just below the near-identical comparable on the same street, and above the bare-land and conversion-tier comparables. That positioning makes sense: this parcel carries the same structure-and-title profile as its closest twin listing, at a marginally more competitive price per sqm.

The takeaway for a serious buyer: there are effectively two nearly identical parcels on this exact stretch of Ajose Adeogun right now, priced within 3% of each other on a per-sqm basis. Whichever closes first sets where the next one trades.

THE SOLUTION

1,150 square metres of land, off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. Certificate of Occupancy, over 60 years remaining. A demolishable structure currently on site. 3,400,000,000 total.

Here is what this parcel delivers:

Off Ajose Adeogun, behind Zenith Bank HQ. A specific, verifiable address inside one of VI's most established corridors --- not a generic "VI" listing without a named street. Being on the same stretch as a major bank headquarters signals the commercial credibility of this exact block.

Certificate of Occupancy, over 60 years remaining. A long-dated, recognized title instrument, ready for solicitor review without the complication of a soon-to-expire lease term or an ambiguous title horizon.

Demolishable structure already on site. This is a meaningful practical advantage over pure bare land --- there's no need to negotiate a sitting tenant or wait on a vacant possession date. The path from purchase to ground-breaking is shorter.

1,150sqm. A footprint sized for a serious residential or mixed-use redevelopment on a corner or mid-block position within VI's core, consistent with what's already trading on the same street.

3,400,000,000 --- priced against real, current comparables on the same block. Below the 3,500,000,000 near-identical twin listing on the same street, and above the bare-land and conversion-tier comparables --- the correct position for a parcel with both structure and long-dated title.

Why this beats the alternative on the table. The near-identical 1,150sqm parcel listed at 3,500,000,000 on the same street offers no meaningful advantage over this one --- same size, same structure status, same corridor --- at a higher price. Bare land on the same street costs less, but requires the buyer to absorb clearance costs this listing already accounts for through its priced-in demolishable structure.

THE CALL TO ACTION

1,150sqm. Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island. 3,400,000,000. C of O, over 60 years. Demolishable structure on site.

The buyer for this parcel is a developer or investor already comparing it, sqm for sqm, against the near-identical listing two doors down --- and this is the better-priced of the two.

Call or WhatsApp Smilebay Realties: +234 901 517 4801.

Title documentation available for immediate solicitor review. Serious inquiries only.

The street already has Zenith Bank's name on it.
The structure is already demolishable, not occupied.
The only thing left undecided is whose name goes on the C of O next.

Land Type: Mixed-use Land (with demolishable existing structure)
Size: 1,150 sqm
Price: 3,400,000,000 total (2,957,000/sqm)
Title: Certificate of Occupancy --- over 60 years remaining
Location: Off Ajose Adeogun Street, behind Zenith Bank HQ, Victoria Island (VI), Lagos

NPC Comparable Context:
1,150sqm, off Ajose Adeogun, demolishable structure, C of O --- 3,500,000,000 (3,043,000/sqm)
1,125sqm, Ajose Adeogun corridor, C of O, office/hotel-convertible --- 3,100,000,000 net (2,756,000/sqm)
1,018sqm bare land, Ajose Adeogun, C of O --- 1,850,000,000 (1,817,000/sqm)
This listing: 1,150sqm, off Ajose Adeogun --- 3,400,000,000 total (2,957,000/sqm)

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