Key details

Type

Residential Land

Title

Certificate of Occupancy

Address

End of Fredom way near Orange Island Leki

Facilities

Car Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply

Access Road

Paved Road

Property Use

Residential

Square meters

107,200 sqm

Type of Purchase

per Sqm

Development Status

Fully Developed

1,072,000sqm (265 Acres) Island for Sale, Lekki Phase 1 Highlights

• Prime Lekki Location — Properties in Lekki often benefit from proximity to commercial hubs, beaches, and developing infrastructure. This area is known for its residential appeal and potential for future growth.
• Residential Zoning — This land is designated for residential use, making it suitable for building homes. Such plots are typically part of planned communities or areas zoned for housing development.
• Established Utilities — The presence of essential utilities like water supply, electric supply, and sewage systems indicates a developed area ready for construction. These services are crucial for modern living.
• Paved Road Access — Good access via paved roads is a significant advantage for land plots. It ensures ease of transportation for construction materials and future residents.
• Developed Infrastructure — A fully developed status suggests that surrounding infrastructure, such as drainage and access roads, is already in place. This can streamline the building process.

Description

• Prime waterfront mega island spanning 1,072,000 sqm (approx. 265 acres or 110 hectares). • Located at the end of Freedom Way, Lekki Phase 1, adjacent to Orange Island and Osita Island. • 100% dry land with a Lagos Certificate of Occupancy (C of O) and other relevant documents. • Ideal for luxury island development, private estates, resorts, or mixed-use mega projects. • Direct adjacency to established islands offers significant development potential. • Price is NGN 1.2 million per sqm net, totaling NGN 1.286 trillion. • 5% agency fee (NGN 64.32 billion) is applicable to the buyer, making the total commitment NGN 1.350 trillion.

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