Land located at Victoria Island and the project perspective.


PROPERTY DESCRIPTION:
Proprietor of the Land (Ownership Type):Two adjacent Lands belonging to two companies (SPV): Vital Properties Ltd (20,000Sqm) & Upper Most Properties and Investment Ltd (16,570Sqm); the SPVs.


Actual Size of the two Lands: 36,570sqm


Location: the land is surrounded by Four major Streets of Victoria Island of Lagos state, specifically located at the Junction of Akin Adesola Street, Ahmadu Bello Way,Tiamiu Savage Street and Karimu Kotun Street,  Victoria Island, Lagos.


Accessibility and Surrounding Properties and Features: Facing Eco Atlantic City/Bar Beach side from ahmadu bello way. Facing the avenue suites hotel and DSTV on Tiamiu Savage, IMB and Skye Bank from Akin Adesola Street side and Karimu Kotun street on the right side.


List of Available documents on the land - Advantages: Deed of Assignment from Noga Hotels Nigeria Ltd to Vital Properties Ltd and Uppermost properties and Investment ltd. ((Certificate of Occupancy and Deed of Assignments can be provided upon request)

We have requested,paid and obtained a planning approval based on a old design consisting of Eight commercial towers of fifteen floors each (approximately 225,000 sqm of office space) (Old design perspective attached). 

recently, we have changed the design from a fully commercial one to a mixed use development of Three towers of Office space, One hotel Tower, One apart-hotel Tower and a shopping mall. the built up area of the project is approximately 310,000SQM (210,000SQM of LA and 100,000SQM of parking Lots) (New design perspective is also attached)


Therefore, Construction work can start  immediately, while the company applies for approval for amended drawings, without having to pay any extra costs. Getting the approval for amended drawings will then be much easier and faster (a new building planning approval normally can take  more than 1 year ). Moreover, you can still increase the building approved area if the need be. we got a permission from  Lagos State to construct as high as forty (40) Floors.(Lagos State Government letter from Ministry of Physical Planning and Urban Development is hereby attached for your attention). Please note that official payments made for the original planning approval are about US$ 5 million.


List of Available reports/approvals:
1- Soil Investigation Report
2- Traffic Impact Analysis
3- Environmental Impact Analysis
4- building planning approvals for the two lands 


Additional info:
Saving on Registration fee: the Two lands already registered in the names of our two above mentioned companies, which you can acquire, free of any lien or encumbrances, thus enormous cost of registration saved and just about 1 week to transfer the companies to your nominees.     


Savings on the piling: required piles of 20 meters deep & 60 cms diameter/width make low cost of each pile. this is as compared to other lands where piles might even cost you up to 3 times more. (40meters deep with 120cm diameter/width)


Documents available:
1- Survey Plan
2- Building permits
3- Lagos State Approval for 40 floors
4- VI Business Center NEW design
5- VI Business Center - OLD design Approved by Lagos State(8 Buildings)

Price: $72million USD


For more details, contact:
Kyrean PCO
®403840
Kyreanproperty.estateagentsng.com