Land For Sale In Victoria Island (4)
LAND FOR SALE IN VICTORIA ISLAND LAGOS 6.4309° N, 3.4271° E
Victoria Island equally known as VI is a high brow area in Lagos State. It is found in Eti-Osa Local Government Area precisely Iru Victoria Island Local Council Development Area.
It is wedged between Lagos Island and Lekki Peninsula. Previously, Victoria Island was surrounded by water bodies but the Colonial Government in power during that time started sand-filling the swamps. This led to the construction of the expressway from Victoria Island to Epe. It shares border with the Atlantic Ocean in the south , the mouth of Lagos in the west, the Five Cowrie Creek in the North, and swamps in the East. Presently Victoria Island accommodates a lot of domestic and international corporations & businesses and some residential areas.
Victoria Island was mainly a residential area but gradually evolved into so much more with time. The boasts of a lot of world-class hotels, exotic restaurants, dining spots, shopping complexes, bars, lounges and nightclubs. Infact, It is the entertainment point of Lagos State. You can see and appreciate more of the beauty and planning of Victoria Island during the weekends because there is usually less traffic.
Victoria Island is also boasts of high financial activities. Every bank in the country has at least three to four of it’s branches of every bank in Victoria Island. A lot of Embassies, Consulates/High Commissions – US embassy, British Deputy High Commission, Italian embassy, Austrian, German, Canadian embassies amongst others are located in Victoria Island.
Investing in real estate in Victoria Island is a very wise decision and one can make a lot of profit. The reason for this is not far fetched. The properties in Victoria Island are of a very high value and appreciates at an equally high rate.
Land in Victoria Island can be sold within the range of 300,000 naira to 481,000 naira per sqm.
Victoria Island is very suitable for commercial and residential purposes. There are a lot of properly completed apartments and estates with modern designs in the area that are available for rent and sale. Also, there are a lot of high rise buildings of different companies and developers. A lot of undeveloped plots of land are equally available for sale to individuals and companies.
A lot of areas in Victoria Island is clean and properly managed. There are some green areas and a few of these areas are the responsibility of the state government which is handled through the greener Lagos initiative. Ajose Adeogun is one of those areas that is properly managed with green areas and is well decorated particularly during the festive period. This is handled by Zenith Bank and it is a tourist attraction.