Description
Available for sale is a prime 2,245 square metre waterfront property with a demolishable structure, located in one of Banana Island’s most prestigious residential enclaves. This offering presents a rare opportunity for a discerning developer to acquire a premium waterfront site suited for a high-value luxury residential scheme.
The property is well positioned for the development of 10 units of waterfront 5-bedroom terrace houses, complemented by a jetty, swimming pool, gym, and other luxury amenities expected in a top-tier Banana Island development. With strong demand for premium residences in the estate and waterfront terraces commanding significant market value, this site presents an attractive proposition for developers seeking a project with clear upside potential.
At an average market rate of about $2 million per terrace unit, the projected gross revenue for a 10-unit development is approximately $20 million, making this a compelling investment opportunity for developers focused on the luxury segment of the Lagos real estate market.
Property Details
Location: Banana Island, Lagos
Property Type: Waterfront land with demolishable structure
Land Size: 2,245m²
Title: Lagos Certificate of Occupancy
Asking Price: $7,000,000
For inquiries and inspection:
WhatsApp: +2348034135274
Phone Call: +2348094990098
