Off-plan 4-bedroom House

Property Ref : 3695693

4 bedroom house for sale

Banana Island, Ikoyi, Lagos

₦2,100,000,000

Features

Property Details
Location: Banana Island, Ikoyi, Lagos
Property Type: 4-Bedroom Off-Plan Residence
Livable Space: 571 SQM
Asking Price: 2.1 Billion
Expected Delivery: August 2027
Transaction: Sale
Key Features
4 ensuite bedrooms
Private elevator
Private gym
Rooftop garden
Private swim spa
4-car parking
Payment Plan
600 Million --- Fence, piling, ground beam and ground-floor slab
600 Million --- 1st--5th floor frame, roof and block work
500 Million --- MEP first fixes, plastering, ceilings, screeding, tiling, windows and doors
200 Million --- MEP second fixes and external works
200 Million --- Project handover

Total Stated Payment Plan: 2.1 Billion

Zahari View

This off-plan 4-bedroom residence is located in Banana Island, Ikoyi, Lagos, with a stated livable space of 571 SQM and an asking price of 2.1 Billion.

The proposed residence is described as having four ensuite bedrooms, a private elevator, private gym, rooftop garden, private swim spa and parking for four cars. The stated delivery timeline is August 2027.

For an off-plan purchase at this level, the buyer's assessment should extend beyond the proposed design and features. Particular attention should be given to the developer, land title, approved building plans, construction specifications, project schedule, payment milestones, contract terms and mechanisms governing delays or changes to the development.

Property Highlights
571 SQM livable space
4-bedroom residence
All bedrooms stated to be ensuite
Private elevator
Private gym
Rooftop garden
Private swim spa
4-car parking
Off-plan purchase structure
Stated delivery: August 2027
2.1 Billion asking price
Why This Property Deserves Attention

The property combines a sizeable livable area with a range of private residential amenities, including an elevator, gym, rooftop garden and swim spa.

The staged payment plan also links payments to specific construction milestones. This gives prospective buyers a structure against which construction progress can be monitored, subject to the terms of the sale and development agreement.

However, buyers should confirm that each construction milestone is clearly defined in the contractual documents and establish what inspection, certification or verification process applies before each payment becomes due.

Buyer's Perspective

Before committing to the purchase, prospective buyers should independently verify:

Developer's identity and track record
Ownership and title to the underlying land
Approved architectural and building plans
Development and planning approvals
Exact 571 SQM livable-space specification
Building specifications and finishing schedule
Construction materials and quality standards
Payment milestone definitions
Expected completion and handover conditions
Contract provisions relating to delays
Treatment of variations or changes to specifications
Defect liability and post-handover obligations
Service charges and estate-related costs
Parking allocation and access arrangements
All legal, documentation and transaction fees
Investment & Ownership Perspective

The stated purchase price is 2.1 Billion, structured across five construction-related payment stages.

The payment structure is:

Stage Amount
Fence, piling, ground beam & ground-floor slab 600M
1st--5th floor frame, roof & block work 600M
MEP first fixes & internal finishing works 500M
MEP second fixes & external works 200M
Project handover 200M
Total 2.1B

Buyers should confirm whether the stated 2.1 Billion represents the complete acquisition cost or whether additional legal, documentation, service, utility, estate or other charges apply.

Buyer Note

Off-plan property requires careful review of both the physical development proposal and the legal agreement governing the purchase.

Prospective buyers should ensure that payment milestones, construction specifications, delivery date, remedies for delays, handover requirements and post-completion obligations are clearly documented before making substantial payments.

Documentation

The underlying land title, development approvals, approved building plans, sale agreement and other relevant project documentation should be independently reviewed and verified by qualified legal and property professionals.

The stated August 2027 delivery date should be treated as the developer's stated timeline and confirmed within the formal contractual documentation.

Property Intelligence Beyond the Listing

For an off-plan residence, the value proposition depends not only on the proposed features but also on the quality of execution and the developer's ability to deliver the agreed specifications.

A prospective buyer should therefore establish exactly what is included in the 2.1 Billion purchase price, how construction milestones will be certified, what happens if the project timeline changes and what protections are available under the purchase agreement.

Asking Price

2.1 Billion

Stated Delivery: August 2027

For Enquiries & Inspections

+234 907 301 3359
www.zaharihub.com

Zahari Properties
...Points in the right direction.

Disclaimer: Property information is based on the supplied listing details. Prospective buyers should independently verify title, ownership, approvals, developer credentials, architectural specifications, construction milestones, payment terms, delivery timeline, fees and all other relevant information before entering into the transaction.

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